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Updated RecentlyKids 'R' Kids vs Hooray for Books Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Kids 'R' Kids vs Hooray for Books including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $4,401,000 - $5,701,000 | $35,000 - $100,000 |
| Franchise Fee | $115,000 | N/A |
| Royalty Fee | 6% | - |
| Advertising Fee | 1% | - |
| Year Founded | 1985 | - |
| Year Franchised | 1988 | - |
| Term Of Agreement | 25 years + 10 | 10 years |
| Term Of Agreement | 25 years + 10 | 10 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Interested candidates should have a minimum net worth of $750,000 and liquid assets of at least $300,000 | A teaching degree is not required, although it is welcomed. Our educational expert has created top-notch lessons that any smart cookie can teach. We do however, require you to have a passion for education, reading, baking, washing dishes, and of course, children! |
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 | 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 | There is a comprehensive 5 day training program at our headquarters. As part of your franchise fee you and one other person will receive complete training on all aspects of running a successful Hooray for Books franchise. |
| 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. | When you succeed, so do we. We will offer ongoing support to ensure your success from marketing and advertising to new trainings. |
| 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 |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Kids 'R' Kids
Veteran Incentives 10% off franchise fee
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About Hooray for Books
If you want to find something you are passionate about, something more than just a job, then Hooray for Books may be right for you! One of the best benefits of owning a HFB franchise is that you make your own schedule. With the flexibility to map out class times that work for you, and the ability to hire a teacher so you can focus on the operations side, HFB truly is a great business opportunity for anyone with a family. Not Your Average Franchise -Many people dream of being an entrepreneur, but moms have the time demands that can make it tricky to start from scratch. Don't let the term franchise mislead you! An HFB franchise promotes a happy life/work balance, a flexible schedule and our strategies increase employee loyalty and productivity because a mom of five invented them! We sell enthusiasm and genuinely love what we do. Can you say that if you are selling carpet cleaner or doo-dads all day? Are you motivated to build your own successful business? We have the recipe for success. All you need is the drive to succeed, a passion for teaching children, and a love for reading. Along with onsite training you will get the lesson plans, direction, mentoring and all the steps needed to make your business take off (no teaching degree required!) We offer the general blueprint for your success! happy Are you a former or current teacher? Perhaps you love children, but the public school doesn't seem like the right fit anymore. Hooray for Books allows you to be your own boss while reaping the benefits of teaching and enriching the lives of children. Since running a business is very different from teaching, some business experience is a plus (or find a business-minded friend and be co-owners!)