|
Below is an in-depth analysis and side-by-side comparison of Kids 'R' Kids vs KnowledgePoints including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $4,401,000 - $5,701,000 | $50,000 - $174,500 |
Franchise Fee | $115,000 | $50,000 - $60,000 |
Royalty Fee | 6% | - |
Advertising Fee | 1% | - |
Year Founded | 1985 | 1999 |
Year Franchised | 1988 | 2000 |
Term Of Agreement | 25 years + 10 | 10 years |
Term Of Agreement | 25 years + 10 | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | Interested candidates should have a minimum net worth of $750,000 and liquid assets of at least $300,000 | - |
Financing Options |
||
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 |
||
Training | Kids 'R' Kids Learning Academy's Operations and Support Team provides ongoing support for its franchisees and their businesses. Each franchised location has an assigned Operations Consultant to work directly with the franchise owner and act as the primary contact to assist with his or her needs. Thorough Training: Phase I - Business start-up training held at Support Center in Duluth, Georgia Phase II - Day-to-day Operations Training Class Phase III - Key Personnel training- Held on-site prior to opening | - |
Support | The Operations & Support team is committed to providing support within the following departments: marketing, curriculum and instruction, administration, as well as state and federal government relations. | - |
Marketing | -Initial marketing plan -Pre-opening through Grand opening -Local marketing plan to acquire and retain customers -Social Media and Digital marketing program -Website -Customized local content -Public Relations -Brand and Local PR | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
KnowledgePoints Learning Centers provide a personal approach to basic
skills tutoring. With proven results and a guarantee of success, our
customized tutoring programs in reading, writing, math and study skills
help ensure students at our tutoring centers reach their academic goals.
All KnowledgePoints Learning Centers are run by Center Directors who
complete an intense 12 week training program before being certified as a
KnowledgePoints Director of Learning. Our learning centers serve
students in grades Pre-K-12 who are struggling, have fallen behind or
who need additional challenge. Our tutoring program consists of a
diagnostic skills assessment, individualized tutoring instruction, and
an effective motivational system that builds students’ skills and helps
them gain the desire and confidence to succeed at the learning center,
in school and in life!