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Below is an in-depth analysis and side-by-side comparison of Academy for Mathematics & English vs smART Explorers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $120,000 - $150,000 | $27,500 |
| Franchise Fee | $35,000 | $19,500 |
| Royalty Fee | - | 7% |
| Advertising Fee | - | - |
| Year Founded | 1993 | 2006 |
| Year Franchised | 1993 | 2007 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| 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 | 3 weeks | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | * Franchise can be run from home * 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 | Yes |
NO LONGER FRANCHISING