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Below is an in-depth analysis and side-by-side comparison of Whizard Academy for Mathematics & English vs The Tutoring Center Franchise Corp. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $125,800 - $177,300 | $106,420 - $180,235 |
Franchise Fee | $38,000 | $30,000 |
Royalty Fee | 10% | $1,000/mo. |
Advertising Fee | - | - |
Year Founded | 1993 | 1994 |
Year Franchised | 1993 | 2005 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | $75K/$10K | - |
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 | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
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Training | - | On-The-Job Training: 56 hours Classroom Training: 24 hours |
Support | - | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
We're a US company founded on the successful model of our affiliate Canadian company Academy for Mathematics & Science which utilizes an international product which has assisted thousands of students (just like yours) to develop their Mathematical, English and Science skills.