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Updated RecentlyOdyssey Art Centers vs Grade Math Programs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Odyssey Art Centers vs Grade Math Programs 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 | $15,000 |
| Franchise Fee | $24,000 | $10,000 |
| Royalty Fee | 6% | 10% |
| Advertising Fee | - | - |
| Year Founded | 1974 | 2001 |
| Year Franchised | 1995 | 2010 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | *An overwhelming spirit and determination for the franchise to succeed *A commitment to working hard *A dedication to satisfying customers *A desire to take full ownership and responsibility for your franchising success *A well of fresh ideas to inject into the franchise |
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 | 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 | - |
Company Overviews
About Odyssey Art Centers
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.
About Grade Math Programs
Grade Math Programs is one of the best available franchising opportunities in the supplementary education market. The franchise opportunity was designed with a single purpose: to give children from Primary to Grade 10 the basic skills to meet and exceed the real life expectations of the Ontario math curriculum. According to recent studies, demand for supplemental education programs will continue to grow over the next decade and beyond, making this an ideal time for you to become a Grade Math franchisee! Supplementary education is a multi-million dollar (and growing) market. Over the past three years, consumer spending on tutoring has increased seven to ten percent annually. Canadians understand that they must look beyond the public and private school systems if they want the best educational opportunities for their children. As the franchise owner, you will operate Grade Math primarily from home, where most of your administration, marketing and sales will happen. Twice weekly, franchisees set up their Grade Math centre in a local community space for approximately two hours per night. Children will visit your centre at least once per week and spend 15 minutes each night in order to gain the full benefits of the Grade Math Programs. Parents and children alike quickly see results. Grade Math not only gives children the confidence to do math with ease, but also directly assists in improving their grade levels at school. The franchise cost is a small investment which can mean great success for both you and your students.