Children's Technology Workshop vs Parker-Anderson Enrichment Franchise Comparison

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

Start-Up Costs and Fees
	Children's Technology Workshop Franchise	Parker-Anderson Enrichment Franchise
Investment	$81,000 - $105,000	$15,980 - $81,100
Franchise Fee	$25,000	N/A
Royalty Fee	6%	8%
Advertising Fee	-	-
Year Founded	1997	2005
Year Franchised	2004	2014
Term Of Agreement	7 years	-
Term Of Agreement	7 years	-
Renewal Fee	$1K	-
Business Experience Requirements
	Children's Technology Workshop Franchise	Parker-Anderson Enrichment Franchise
Experience	Industry experience General business experience Marketing skills Enthusiasm for technology, engineering, science	-
Financing Options
	Children's Technology Workshop Franchise	Parker-Anderson Enrichment Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/Yes	-/Yes
Start-up Costs	No/Yes	-/-
Equipment	No/Yes	-/-
Inventory	No/Yes	-/-
Receivables	No/No	-/-
Payroll	No/No	-/-
Training & Support
	Children's Technology Workshop Franchise	Parker-Anderson Enrichment Franchise
Training	-	On-The-Job Training: 2-6 hours Classroom Training: 18-22 hours Additional Training: Oline training
Support	Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations	Meetings/Conventions Toll-Free Line Online Support
Marketing	Co-op advertising, Ad slicks, Regional advertising	National Media Website development
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: 1 - 4
Expansion Plans
	Children's Technology Workshop Franchise	Parker-Anderson Enrichment 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 Parker-Anderson Enrichment

For over twenty-five years, Parker-Anderson Enrichment has offered the most diverse selection of kids programs
that any franchise has to offer. Our motto is “Fun Comes First,” our intention is to educate through hands-on learning,
and our hope is that students around the world can share our abundant array of classes.
Considering that demand keeps growing for after school programs, and that shrinking school budgets increase the market for someone to take over hands-on learning

#373 in Franchise 500 for 2021.