|
Below is an in-depth analysis and side-by-side comparison of Academy for Mathematics & English vs Little Scientists including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $120,000 - $150,000 | $35,000 |
Franchise Fee | $35,000 | $20,000 |
Royalty Fee | - | 6%/$250/Mo. |
Advertising Fee | - | 1% |
Year Founded | 1993 | 1993 |
Year Franchised | 1993 | 1996 |
Term Of Agreement | - | 10 years +10 |
Term Of Agreement | - | 10 years +10 |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | 3 weeks | 1. HQ 1 Week 2. HQ 2 Times/Year 3. On Site 2-4 Times/Year |
Support | - | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Franchisee Newsletter Central Data Processing Regional or National Meetings 800 Telephone Hotline |
Marketing | - | - |
Operations | - | Average Number of Employees: 2 Full-time, 6-10 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
The Little Scientists "hands-on" approach to teaching and learning was created to achieve two goals: to instill in children a passion for the exciting world of science and to help children develop specific scientific skills that will enable them to enjoy a lifetime of learning. We now have over 200 "hands-on" science lessons in subjects such as: Why is the Sky Blue, Magical Magnets, the Science of Flying, Chemistry, Electromagnetism -- and we are continuing to develop new lessons.