Children's Technology Workshop vs Discovery Point Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Children's Technology Workshop vs Discovery Point including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Children's Technology Workshop Franchise
Discovery Point Franchise
Investment $81,000 - $105,000$405,572 - $3,443,722
Franchise Fee $25,000$75,000
Royalty Fee 6%4.7K-$6.5K/mo.
Advertising Fee -1.8K/mo.
Year Founded 19971988
Year Franchised 20041990
Term Of Agreement 7 years20 years
Term Of Agreement 7 years20 years
Renewal Fee $1K-


Business Experience Requirements
 
Children's Technology Workshop Franchise
Discovery Point Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
  • Enthusiasm for technology, engineering, science
    		• -

    Financing Options
     
    Children's Technology Workshop Franchise
    Discovery Point Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/Yes
    Start-up Costs No/Yes-/Yes
    Equipment No/Yes-/Yes
    Inventory No/Yes-/Yes
    Receivables No/No-/Yes
    Payroll No/No-/Yes

    Training & Support
     
    Children's Technology Workshop Franchise
    Discovery Point Franchise
    Training -On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing center
    Support Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluationsPurchasing Co-ops Meetings/Conventions Grand Opening Online Support Field Operations Site Selection
    Marketing Co-op advertising, Ad slicks, Regional advertisingAd Templates National Media Regional Advertising Social media SEO Website development Email marketing
    Operations Franchise can be run from home.

    20% of all franchisees own more than one unit

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		Number of Employees Required to Run: 35

    Expansion Plans
     
    Children's Technology Workshop Franchise
    Discovery Point Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Children's Technology Workshop

    The Children’s Technology Workshop is focused on the development and delivery of hands-on, applied-technology curriculum. We have been designing and testing our programs since 1997. At CTW, we are serious about having fun and take pride in our commitment to developing the finest technology and science-based programs available to children. Our activities are under constant review by our full-time staff of educators, engineers, technologists and enthusiasts. We are confident that you'll agree with our philosophy that computers are more than just a tool for writing and researching. We believe computers and technology can empower all children to explore, invent and be creative using the right applications with the right direction. The Children's Technology Workshop offers a variety of programs, including after school, camp, academic and group workshops. Programs are divided by age and are available in different formats to meet scheduling needs of parents and group facilitators.

    About Discovery Point

    Since 1988, we have built world-class child development centers from the ground up. We are very selective and want to be sure that our franchisees are well supported and that each owner has the same passion for quality child development as we do. Growing, mentoring and innovating for over 20 years, we understand that each child, family and franchise is ultimately linked to our reputation and success. We are with you every step of the way, from market analysis, site selection and construction of your center to operational licensing, four weeks of intense training and unparalleled support after your center is open. We want you to be successful. Our Franchise development model provides: *Purchase and lease purchase franchise options. *Financing assistance. *Reasonable franchise fee and royalty payments. *Building equity by owning the property, the building, the equipment and the business. *Multi-Unit development available Why Discovery Point? SUPPORT! There are very few people in this world who are real estate, construction, business operations, and childcare experts. The Discovery Point team has specialists in each of these fields to support our franchisees. Franchisees are able to leverage the expertise of an already established successful business model and the business and industry experience of the Discovery Point team. The support provided to our franchisees is especially important in the child development industry, where parents know that their children are receiving quality care. Partnering with an industry leader like Discovery Point allows you to benefit from the trusted reputation of an already established brand. Security, promising income, professional satisfaction and personal fulfillment are yours in the childcare profession. With new sites under development and existing centers for sale, there has never been a better or more affordable time to join our team. Today parents are less likely to be full-time caregivers for their young children, so quality childcare is a primary concern. Industry with a history of stable growth. The benefit of a well-run childcare centers is a steady cash flow generated by repeat customers and referrals. Parents appreciate the whole child philosophy and educational programs of The Discovery Point Experience. Parents need to know that their children are safe and nurtured - and they're willing to pay a premium price for quality center-based care. If you are personally inspired and professionally committed to working with children and families and want to develop a successful business consider growing with us.
     
    Veteran Incentives   10% off franchise fee