CompuChild vs The Honors Learning Center Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CompuChild vs The Honors Learning Center including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$14,900 - $29,900 | $64,500 - $68,700 |
Franchise Fee |
$7,500 - $12,500 | $25,000 |
Royalty Fee |
Varies | $2.5K/mo. |
Advertising Fee |
- | - |
Year Founded |
1994 | 1987 |
Year Franchised |
2001 | 1991 |
Term Of Agreement |
5 years | 10 years |
Term Of Agreement |
5 years | 10 years |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
General business experience Marketing skills | Marketing skills Degree in education |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | No/No |
Start-up Costs |
No/No | No/No |
Equipment |
No/No | No/No |
Inventory |
No/No | No/No |
Receivables |
No/No | No/No |
Payroll |
No/No | No/No |
Training & Support |
Training |
- | - |
Support |
Newsletter, Meetings, Toll-free phone line, Internet | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
Marketing |
National media | Ad slicks |
Operations |
Franchise can be run from home.
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1
Absentee ownership of franchise is allowed. (99% of current franchisees are owner/operators) |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
No | No |
International Expansion |
Yes | No |
Company Overviews
About CompuChild
COMPUCHILD has been offering STEAM (Science, Technology, Engineering, Art and Math) based enrichment classes to children in the United States since 1994. With their unique emphasis on Entrepreneurial STEAMâ„¢, COMPUCHILD'S programs help kindle the spirit of learning and innovation for the social good at a very young age.
As a CompuChild Program Director, you join an organization that is 100% committed to your success. We provide comprehensive training and on-going support to ensure you achieve the level of success you desire. CompuChild works with one of the nation's leading franchise development firms to ensure that our franchise program provides cutting-edge training, communication and support systems necessary to ensure our franchisees success.
You begin your business with 3 days of comprehensive training conducted in your territory (including our working with you to secure your initial clients). Your training includes a complete review of the operational policies and procedures important to your business, which are all detailed in our Confidential Operations and Policies Manual. You will also receive the forms and materials necessary to operate your business.
In addition, you are encouraged to interact with other Program Directors who will reinforce the most effective methods of securing clients, generating students, promoting your classes and other important aspects of your business. You will love the camaraderie enjoyed by our Program Directors who work together for the benefit of the entire organization.
As a CompuChild franchisee, you can be confident in your ability to operate your business, whether you have previous business experience or not. Although you will enjoy the benefits of owning your own business, you will not be operating your business alone. CompuChild provides the assistance and support you desire to ensure your success as we work together to make CompuChild the world's leader in preschool computer education.
About The Honors Learning Center
Sharee and Gary Miller started The Honors Learning Center as an individualized academic program. The centers' goal is to improve comprehension skills for each student by one full grade level after 36 hours of instruction. For every year since 1987, Honors students have averaged a gain of two full grade levels.
Honors franchisees must have current state teaching certification.