Nexgym vs Parker-Anderson Enrichment Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Nexgym vs Parker-Anderson Enrichment including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
	Nexgym Franchise	Parker-Anderson Enrichment Franchise
Investment	$213,000 - $397,000	$15,980 - $81,100
Franchise Fee	$30,000	N/A
Royalty Fee	6%	8%
Advertising Fee	-	-
Year Founded	2005	2005
Year Franchised	2006	2014
Term Of Agreement	10 years	-
Term Of Agreement	10 years	-
Renewal Fee	25% of franchise fee	-
Business Experience Requirements
	Nexgym Franchise	Parker-Anderson Enrichment Franchise
Experience	-	-
Financing Options
	Nexgym Franchise	Parker-Anderson Enrichment Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/No	-/Yes
Start-up Costs	No/No	-/-
Equipment	-/No	-/-
Inventory	No/No	-/-
Receivables	No/No	-/-
Payroll	No/No	-/-
Training & Support
	Nexgym Franchise	Parker-Anderson Enrichment Franchise
Training	* Available at headquarters: 2 weeks * At franchisee's location: 1 week	On-The-Job Training: 2-6 hours Classroom Training: 18-22 hours Additional Training: Oline training
Support	-	Meetings/Conventions Toll-Free Line Online Support
Marketing	-	National Media Website development
Operations	* 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)	Number of Employees Required to Run: 1 - 4
Expansion Plans
	Nexgym Franchise	Parker-Anderson Enrichment Franchise
US Expansion	Yes	Yes
Canada Expansion	-	-
International Expansion	-	-

Company Overviews

About Nexgym

no longer franchising

About Parker-Anderson Enrichment

For over twenty-five years, Parker-Anderson Enrichment has offered the most diverse selection of kids programs
that any franchise has to offer. Our motto is “Fun Comes First,” our intention is to educate through hands-on learning,
and our hope is that students around the world can share our abundant array of classes.
Considering that demand keeps growing for after school programs, and that shrinking school budgets increase the market for someone to take over hands-on learning

#373 in Franchise 500 for 2021.