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Below is an in-depth analysis and side-by-side comparison of Odyssey Art Centers vs Ultimate Drivers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $28,700 - $56,200 | $45,000 - $65,000 |
Franchise Fee | $24,000 | $5,000 - $7,500 |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1974 | 1993 |
Year Franchised | 1995 | 2000 |
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 | - | A comprehensive 3-week training course is provided, covering such topics as: management & sales techniques/ operating systems & methods/ customer & employee relations/ local advertising & promotion. |
Support | Newsletter, Meetings, Grand opening, Internet, Purchasing cooperatives | - |
Marketing | - | - |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | Yes |
International Expansion | No | - |
The first Odyssey Art Center was founded in 1974 by Linda Perlmutter. After quitting her job as a teacher to stay home with her newborn son, Perlmutter started teaching small groups of children in the basement studio of her home. Today, her art education franchise combines history, poetry, literature, science, music, math and current events with art.
All franchise fees include a four-week Young Drivers instructor training program for one person, a ten-day Young Drivers classroom teacher program for one person, and a five-day business management program for up to two people.
Additional classrooms within the exclusive franchise area are priced at $2,500. Classrooms outside the exclusive franchise area are $5,000 for populations of 50,000 or more and $3,000 for populations less than 50,000.
For franchising fees in countries other than Canada, please contact Peter Christianson at [email protected].