|
Below is an in-depth analysis and side-by-side comparison of LearningRx vs Wee Little Arts including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $90,000 - $149,000 | $31,400 - $46,940 |
Franchise Fee | $25,000 | $24,500 - $29,500 |
Royalty Fee | 7% -8% | 10 - 7% |
Advertising Fee | 3% | - |
Year Founded | 1986 | 2000 |
Year Franchised | 2003 | 2009 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | $5K | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
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. | - |
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 | - |
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) | Franchise can be run from home. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | Yes | - |
International Expansion | No | - |
We want to connect with like-minded people with an entrepreneurial spirit. With the successful ownership and operation of our home based business we can share Wee Little Arts with the world. It is in our best interest to forge strong long-term relationships with these partners who will be delivering the program. If you have experience working with children in an educational setting, have been a business owner or possess an interest in art, Wee Little Arts could be the right career change for you. This opportunity offers a proven model that’s fun, rewarding and gives you the freedom and independence of being a self-directed business owner without the headaches and overhead of a fixed location. We will be happy to provide you with more information and to discuss your interest in Wee Little Arts. If we are a good match we will move forward by sending you our confidential application form! Once we receive your application, we will continue to discuss the elements that make it so sought after. You will learn about the time and financial investments required and how closely your talents, location and experience match up with our model. We will then provide you with the Franchise Disclosure Document (FDD) and the Franchise Agreement for review. To see the full breakdown of our franchising process, please go to http://weelittlearts.com/franchising/process/ Our business partners are carefully selected, thoroughly trained and consistently supported through every stage of the launch process and throughout the life of their business. Each person receives one-on-one training with founder Melissa Bradshaw as well as all the necessary tools and resources to effectively manage their business. These partnerships are available at very competitive rates in territories that boast significant growth potential.