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Below is an in-depth analysis and side-by-side comparison of Tutoring Club vs Whizard Academy for Mathematics & English including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $66,500 - $119,900 | $125,800 - $177,300 |
Franchise Fee | $34,500 | $38,000 |
Royalty Fee | 10% | 10% |
Advertising Fee | - | - |
Year Founded | 1991 | 1993 |
Year Franchised | 1999 | 1993 |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | - | $75K/$10K |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/Yes | No/No |
Payroll | No/Yes | No/No |
Training & Support |
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Training | Comprehensive training for 2 people at Tutoring Club Headquarters. | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
We're a US company founded on the successful model of our affiliate Canadian company Academy for Mathematics & Science which utilizes an international product which has assisted thousands of students (just like yours) to develop their Mathematical, English and Science skills.