Hooray for Books vs Challenge Island Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Hooray for Books vs Challenge Island including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
	Hooray for Books Franchise	Challenge Island Franchise
Investment	$35,000 - $100,000	$48,300 - $62,950
Franchise Fee	N/A	$39,900
Royalty Fee	-	6%
Advertising Fee	-	2%
Year Founded	-	2003
Year Franchised	-	2012
Term Of Agreement	10 years	-
Term Of Agreement	10 years	-
Renewal Fee	-	-
Business Experience Requirements
	Hooray for Books Franchise	Challenge Island Franchise
Experience	A teaching degree is not required, although it is welcomed. Our educational expert has created top-notch lessons that any smart cookie can teach. We do however, require you to have a passion for education, reading, baking, washing dishes, and of course, children!	-
Financing Options
	Hooray for Books Franchise	Challenge Island Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	-/-	-/Yes
Start-up Costs	-/-	-/Yes
Equipment	-/-	-/-
Inventory	-/-	-/-
Receivables	-/-	-/-
Payroll	-/-	-/-
Training & Support
	Hooray for Books Franchise	Challenge Island Franchise
Training	There is a comprehensive 5 day training program at our headquarters. As part of your franchise fee you and one other person will receive complete training on all aspects of running a successful Hooray for Books franchise.	3 days of classroom and hands-on training. Some of the key aspects of the training is provided by the Founder of Challenge Island, Sharon Estroff. Once you return to your market and are ready for business, Challenge Island will have a support person come to your market for one-full day and provide on-site training and assistance. On-The-Job Training: 8 hours Classroom Training: 24 hours
Support	When you succeed, so do we. We will offer ongoing support to ensure your success from marketing and advertising to new trainings.	Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing	-	Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
Operations	-	-
Expansion Plans
	Hooray for Books Franchise	Challenge Island Franchise
US Expansion	-	Yes
Canada Expansion	-	-
International Expansion	-	Yes

Company Overviews

About Hooray for Books

If you want to find something you are passionate about, something more than just a job, then Hooray for Books may be right for you! One of the best benefits of owning a HFB franchise is that you make your own schedule. With the flexibility to map out class times that work for you, and the ability to hire a teacher so you can focus on the operations side, HFB truly is a great business opportunity for anyone with a family. Not Your Average Franchise -Many people dream of being an entrepreneur, but moms have the time demands that can make it tricky to start from scratch. Don't let the term franchise mislead you! An HFB franchise promotes a happy life/work balance, a flexible schedule and our strategies increase employee loyalty and productivity because a mom of five invented them! We sell enthusiasm and genuinely love what we do. Can you say that if you are selling carpet cleaner or doo-dads all day? Are you motivated to build your own successful business? We have the recipe for success. All you need is the drive to succeed, a passion for teaching children, and a love for reading. Along with onsite training you will get the lesson plans, direction, mentoring and all the steps needed to make your business take off (no teaching degree required!) We offer the general blueprint for your success! happy Are you a former or current teacher? Perhaps you love children, but the public school doesn't seem like the right fit anymore. Hooray for Books allows you to be your own boss while reaping the benefits of teaching and enriching the lives of children. Since running a business is very different from teaching, some business experience is a plus (or find a business-minded friend and be co-owners!)

About Challenge Island

Challenge Island Founder and Creator, Sharon Duke Estroff M.A.T. is an award-winning educator with over two decades of teaching experience in Atlanta public and private schools. She is the author of the popular parenting book Can I Have a Cell Phone for Hanukkah? (Random House) and a feature parenting and education writer for numerous national publications including Woman's Day, Good Housekeeping, Parents Magazine, and Huffington Post. Sharon created Challenge Island while on maternity leave with her fourth child. Maxed out on late-night reruns of a popular, realityTV show, she began wondering if the same basic principals (minus the voting and island part) could become a means of motivating her students to take on complex higher level thinking tasks. She poured everything she'd learned about children into developing this idea, incorporating cutting edge research and educational thought. By the time her daughter graduated from 3 am feedings, Challenge Island was ready for primetime. It's been growing by leaps and bounds ever since. Now over a decade later, thousands of children have experienced the magic and benefits of Challenge Island, as Sharon continues to develop fresh curriculum and content for this popular enrichment program.
 *It's a proven model - truly a home-based business;
*Requires only a modest investment;
*Has NO national competition;
*Quick ROI on your low-cost franchise;
*Can be operated as a part/full time business;
*Has high profit margins;
*Has low fixed overhead;
*It's easy to operate;
*It can be easily taught to anyone;
*The classes, camps and birthday parties are affordable by nearly any family;
*Parents view the classes, camps, and birthday parties as educational and therefore feel that the fees are well spent.
*Year-round income with camps during school vacations and birthday parties anytime.
*Thrive in any economy by providing affordable classes to parents who put education first on their list of expenditures.

Veteran Incentives  10% off franchise fee

#151 in Franchise 500 for 2021.