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Below is an in-depth analysis and side-by-side comparison of Odyssey Art Centers vs Tracy Learning 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 | $72,200 - $100,000 |
Franchise Fee | $24,000 | $35,000 |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1974 | - |
Year Franchised | 1995 | - |
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 | - | Before you open your franchise, you will attend an intensive two-week training program at our corporate headquarters in Orem, Utah, or we can come to your location. Ongoing training and assistance is available year round. Web and computer-based instruction and one-on-one, on-site visits from our trained and experienced staff of field consultants. |
Support | Newsletter, Meetings, Grand opening, Internet, Purchasing cooperatives | We help you develop relationships with your customers by helping you show them that you are their connection to effective training. Tracy Learning's national advertising becomes your advertising. |
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 | - | Yes |
Canada Expansion | No | - |
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.