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Below is an in-depth analysis and side-by-side comparison of smART Explorers vs Arcadia Academy of Music including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $27,500 | $100,000 - $150,000 |
Franchise Fee | $19,500 | $25,000 |
Royalty Fee | 7% | - |
Advertising Fee | - | - |
Year Founded | 2006 | 1984 |
Year Franchised | 2007 | 1998 |
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 | - | - |
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 | - | - |
International Expansion | Yes | - |
NO LONGER FRANCHISING