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Updated RecentlyReading Friends Franchise Company vs Stemtree Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Reading Friends Franchise Company vs Stemtree 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 | $83,800 - $149,800 |
| Franchise Fee | $35,000 | $39,500 |
| Royalty Fee | 5.5% | 8% |
| Advertising Fee | - | 2% |
| Year Founded | 1980 | 2014 |
| Year Franchised | 2002 | 2016 |
| 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 | -/Yes |
| Start-up Costs | No/No | -/Yes |
| Equipment | No/No | -/Yes |
| Inventory | No/No | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
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| Training | - | On-The-Job Training: 8 hours Classroom Training: 30 hours |
| Support | Grand opening, Field operations/evaluations | Ongoing Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Site Selection Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing |
| 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 | Yes |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
Company Overviews
About Reading Friends Franchise Company
Ours started as a story of overcoming. Owner and founder, Nancy
Spencer, was the first person in the city of Fort Worth to be diagnosed
with dyslexia after many years of struggling in school. With the proper
training, she was able to thrive academically and gained a passion for
children and the way that they learn. With the help of Dr. Luke Waites,
Gladys Kolenovsky and a team from Scottish Rite Hospital in Dallas, TX,
Nancy wrote a full curriculum and started Reading Friends preschool in
1980. The school is now run by her two daughters, Audrey Fowler and
Nancy Pack. There are two additional locations. One located in Keller,
run by Marsha Wesley. One located in Aledo, run by Diane Taylor.
The Reading Friends Difference
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 Stemtree
!["Stemtree]("https://fddexchange.com/wp-content/uploads/2020/08/Stemtree-300x62.png")
The STEMTREE franchise model offers education services that focus on the
core curricula of science, technology, and engineering.
STEMTREE’s
programs nurture each student’s inner scientist through innovative,
engaging, and hands-on learning experience, built upon a solid
foundation of scientific curricula, giving each student the edge for
success in today’s schools and the world.
Whether achieving higher
grades in the classroom, helping students become successful science
professionals or engineers, or simply instilling and cultivating an
appreciation and a deep understanding of science and technology,
STEMTREE offers after-school programs, with or without student pick-ups,
one-on-one tutoring, educational camps, home-school study programs, and
even birthday parties and event-based programs.
Stemtree was founded on the idea that nothing is more important than
enriching the lives of others; now we want to extend that service to our
franchisees.
Stemtree has a strong potential ROI for a franchise owner. With
reasonable overhead and a low startup cost for the education industry,
the concept is financially sound.
We do not guarantee any success or levels of profitability, but with a
large margin for error, a franchisee can be much less effective than our
projections and still have a successful business.
STEMTREE’s business
model requires a fixed commercial location comprising approximately
1,500 to 2,500 square feet of space.