| ||||
Updated RecentlyGreat Minds Tutoring vs Challenge Island Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Great Minds Tutoring vs Challenge Island including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $15,000 - And Up | $48,300 - $62,950 |
| Franchise Fee | $15,000 | $39,900 |
| Royalty Fee | 7-8% | 6% |
| Advertising Fee | - | 2% |
| Year Founded | - | 2003 |
| Year Franchised | - | 2012 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | - | 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 | - | 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 |
||
| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
About Great Minds Tutoring
One System, Multiple Programs. The Whole Child Franchise
opportunity is unique. A business that makes a positive difference in
the lives of children, is inexpensive to run, and ultimately flexible to
develop the work-life balance you desire.
Any one of our stand alone franchise programs (Busy Bodies/Yo Yo Yoga/Great Minds) is attractively priced at $15,000. For a limited time we are offering a bundled option of all four franchise
programs for $29,500. The Whole Child is the only company in our sector that offers financing through our Flex-Financing program to exceptional candidates.
*Low startup cost
*Low overhead - No commercial location to maintain
*Extensive initial training in your territory and ongoing support
*Proven marketing system
*Comprehensive online franchise management tool
*Continuous curriculum development by our Educator Development Team
*The most innovative enrichment programs available
*Multiple disciplines offer maximum flexibility in the marketplace
In this new economy retreat to the safety of a low cost, home managed business in the children's educational sector.
*Services are low cost, high value
*Affordable classes are successful across the socioeconomic spectrum
*Build a client/customer base enrolled in ongoing classes, creating consistent revenue
*High student retention rate - once children enroll they stay enrolled
*Seasonal and special event programs boost revenue
*Multiple programs + a variety of formats = flexibility to respond to the needs of your market
*In demand - parents continue to spend on education in the current economy
*Security - you will never fire yourself
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
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}