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Below is an in-depth analysis and side-by-side comparison of Odyssey Art Centers vs Class 101 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 | $45,950 - $63,450 |
Franchise Fee | $24,000 | $32,900 |
Royalty Fee | 6% | 8% |
Advertising Fee | - | 2% |
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 | - | Class 101 has an exhaustive preparing stage that incorporates how to deal with each part of your business. New franchisees experience seven days in length instructional course at our home office in Lexington, Kentucky, and may bring one care staff colleague. We will be close by to guide you through the whole procedure of propelling your Class 101 office to guarantee that you have all that you have to make your new business a win from the very first moment. |
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 | - |
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.
Since its establishing in 1997, Class 101 has helped a huge number of secondary school understudies get into the best universities at the best cost. We trust each secondary school understudy ought to have a positive school involvement and that families ought to, and can, pay less out of their own pockets for school. A great many secondary school understudies select as school first year recruits each fall. Over and over again, they pass up a great opportunity for a huge number of dollars of grant and give cash, and they wind up despondent and unsatisfied with their school involvement.
Through our one-on-one school arranging sessions with understudies, ACT and SAT arrangement classes, workshops and sorted out grounds visits, Class 101 offers a constant flow of pay for franchisees. Interest for customized school arranging, such as paying for school educational cost, will keep on rising. The normal school educational cost and charge bill is 40% higher in 2015-16 at open four-year establishments than it was in 2005-06, and it's 26% higher in the private four-year area, as indicated by the College Board. More than 40 million Americans are saddled with understudy credit obligation, by and large owing an amazing $1.3 trillion, and that figure is developing at the frightening rate of almost $3,000 every second, as per Experian.
"Youngsters are less inclined to tune in to their folks with regards to school arranging. From guardians, it's pestering. From us, it's recommendation. Guardians then know they have an emotionally supportive network; they can get in touch with us at any progression of the way. They can have genuine feelings of serenity that the whole school arrangement process is being directed by some individual their tyke will tune in to. We get the best from these children. We attest them, move them and show them. We are ideal adjacent to them to moderate the cost and intricacy of the school arrangement handle, all while imparting them with certainty," says Founder and CEO Tom Pabin.