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Updated RecentlyReading Friends Franchise Company vs Portal Languages Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Reading Friends Franchise Company vs Portal Languages including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $110,950 - $297,500 | $25,000 - $50,000 |
| Franchise Fee | $35,000 | $15,000 |
| Royalty Fee | 5.5% | 7% |
| Advertising Fee | - | - |
| Year Founded | 1980 | 2008 |
| Year Franchised | 2002 | 2013 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
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/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Grand opening, Field operations/evaluations | - |
| Marketing | Co-op advertising, Ad slicks | - |
| Operations |
100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 9 Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Reading Friends Franchise Company
Reading Friends has the right curriculum, the right commitment, and is the right place. Let us focus on your child.
The Reading Friends preschool is dedicated to providing the young child a foundation for educational excellence.
The secret to a well-rounded child is a well-rounded approach to teaching
Curriculum
We employ Multi-sensory teaching techniques involving the total child.
Our Phonics Advantage curriculum is a language-based program that is the heart of our proprietary curricula.
Children receive structured academic experiences that produce a firm foundation in reading, math, social studies, and science.
Social
The Reading Friends program is designed to provide successful opportunities for all students. Children have daily outside free play and snack where they experiment with social interaction and cooperation.
About Portal Languages
Portal Languages began as a private language tutoring service by our founders from their apartment in Costa Mesa, California. The spark that launched the company came from a continuous demand for their language tutoring service. In January 2009, the founders decided to establish Portal Languages - " Costa Mesa in a 400 sq./ft. office space.
A website and a functional space was then created for the school. We decided to adopt the Language Teaching Methodology Series - “The Natural Approach, Language Acquisition” developed by Stephen D. Krashen and Tracy D Terrell.
What followed were several years of quick expansion as internet marketing campaigns, student referrals and a sound business principle began to pay off.
Portal Languages has been helping students acquire a foreign language for over 5 years. As a franchise owner, you’ll have continual support to develop a profitable and simple business. This is the Ideal business for an experienced language teacher with entrepreneurship skills who is interested in starting his/her own business and contribute to the community.
-Royalties and marketing are about 8% of gross sales;
-Average unit volumes are $200,000.