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Updated RecentlyLearningRx vs Young Chefs Academy Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of LearningRx vs Young Chefs Academy including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $90,000 - $149,000 | $120,300 - $196,900 |
| Franchise Fee | $25,000 | $39,900 |
| Royalty Fee | 7% -8% | $395/month |
| Advertising Fee | 3% | - |
| Year Founded | 1986 | 2004 |
| Year Franchised | 2003 | 2005 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | $5K | - |
Business Experience Requirements |
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| Experience | - | *Franchisees must live in the market they wish to operate. *You must have a minimum of $72,000.00. *We carefully consider your personal experience and people skills. *You must understand the unique attributes of operating a business within a franchise system. *You need to be able to execute a franchise agreement within 3 months from the initial request for consideration to begin the qualification process. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | As a brain training company, we value initial and ongoing training very highly. Our training includes a 2-day job shadowing with one of our franchisees prior to our 10-day training in Colorado Springs, CO. The 10-day franchise training covers our over 200 proprietary training procedures, marketing, public relations, business operations, networking, testing, administration, hiring, and much more. Our brain trainers are trained on-site by the franchisee, using over 40 hours of online material as well as 20-30 hours of in-person training and observation. We also offer ongoing training and support via our Helpdesk (phone and email support) and quarterly calls with our support team. | Hands on initial training supports our operations manual so that each new franchisee represents our brand to the standard of quality associated with Young Chefs Academy. All new Young Chef Academy Franchise Owners receive on-site training followed by continual training throughout the franchise relationship. Our initial training program is designed to prepare you to furnish you with the right tools to make your dream a reality and allow you to begin your business immediately after you successfully complete your training. |
| Support | We know that the success of our franchisees is our success. Valuable support is a top priority for us, and we strive to help our franchisees however possible. Our support team is led by a former franchisee and LearningRx parent, who understands the day-to- day running of a center firsthand. We also have a marketing and business coach, who will help our first-year franchisees create and implement their 12-month business plan and offer ongoing support of business operations. The support team also runs the helpdesk, which is available by phone and email and boasts a very fast turnaround. We provide a franchise operations system designed to support all of your business needs from site selection and build out to launch marketing and sales prospecting. We are continually introducing new Brain Balance programs, products and services to increase your sales opportunities. Through national media exposure, training and consulting by program creator and co-founder, Dr. Robert Melillo renowned researcher, lecturer and author of several best sellers including, Disconnected Kids, Reconnected Kids and his latest book, Autism | Through our wide-range of expertise, there is always someone to turn to for answers. |
| Marketing | We offer new materials on a regular basis across multiple platforms: social media, print, TV, radio, PPC, SEO, etc. You can also join a voluntary marketing co-op where applicable. *National PR exposure *Exposure Across the Digital Landscape *Web-based Requisition System for Customized Marketing Materials *Local Marketing Guidance | - |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 3 Absentee ownership of franchise is allowed. (67% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | Yes | No |
| International Expansion | No | No |
Company Overviews
About LearningRx
In the 1980's, brothers Dr. Ken Gibson and Dr. Keith Gibson--
a specialist in visual processing and a clinical psychologist,
respectively-- sought a way to help people with learning difficulties to
learn more quickly and easily. They developed a series of short,
intense training exercises to improve concentration and recall
abilities. Once this method proved successful in trials, they continued
to test and enhance the program with input from other specialists in
education, medicine and psychology, in order to help students with
attention problems, dyxlexia, memory problems and other learning
disabilities to improve their cognitive skills.
Dr. Ken Gibson began franchising under the name LearningRx in 2003, and
is currently the company's CEO.
Veteran Incentives 10% off franchise fee
Veteran Incentives 10% off franchise fee
2016 #1 Educational Franchise by FranchiseRankings.com!
Part of the Entrepreneur Franchise 500® 7 years in a row!
About Young Chefs Academy
Picture a joyful kitchen, full of inspired children creating culinary masterpieces and filling the air with laughter and learning... Welcome to Young Chefs Academy, the only franchise that will enable your children to transfer their learning and transform the most popular room in everyone's home into something quite extraordinary!
Why is Young Chefs Academy the right choice for today?
Cooking is one of the hottest past times today with new cooking programs coming online and on television every week.
Cooking has always interested every age group but now more than ever, cooking has become one of the most popular extra-curricular activities for children.
Parents recognize the value of teaching their children to cook and are actively seeking out programs that enrich their children's life now and for their future.
Children, parents, schools, teachers and health care providers are recognizing what the Young Chefs Academy's brand is doing to improve the lives of children and their communities across the country. Not only does Young Chefs Academy promote cooperation and camaraderie among its fellow students, it helps build solid relationships within the family unit.
In addition, Young Chefs Academy has....
Experienced management, culinary arts and curriculum teams.
A successful franchise system.
A proven business model.
Strong food industry partnerships.
Strong trademarks and brand recognition.
Freedom from major supply contracts.
A centralized, skilled and knowledgeable support team.
Exclusive territories.
Excellent initial training and continual education and ongoing programs.
Marketing support and advertising materials.
Ongoing business and franchise support.
Many of our best retail franchise opportunities are now available and we are seeking qualified individuals to become part of our growing, dynamic cooking team. If you’re prepared to revolutionize your personal life and create financial freedom, Young Chefs Academy is ready for you.