|
Below is an in-depth analysis and side-by-side comparison of Tutu School vs STEM for Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $73,700 - $135,200 | $49,500 - $83,650 |
Franchise Fee | $36,000 | $39,500 |
Royalty Fee | 5% | 7+% |
Advertising Fee | 1% | 2% |
Year Founded | 2008 | 2011 |
Year Franchised | 2012 | 2014 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | -Are you genuinely interested in STEM? -Do you understand the role STEM plays in today’s economy and society? -Are you active in your community and hungry to make a positive impact in young minds? -Are you self-directed, self-motivated and able to juggle through multiple priorities? -Do you have a strong desire to learn, grow and have fun in the process? |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | Yes/- |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | On-The-Job Training: 74 hours Classroom Training: 17 hours | On-The-Job Training: 4 hours Classroom Training: 28 hours Additional Training: Virtual training |
Support | Newsletter Meetings Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Ad Templates Regional Advertising Social media Website development Email marketing | Ad Templates Social media SEO Website development Email marketing |
Operations | Number of Employees Required to Run: 2 | Number of Employees Required to Run: 1 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
STEM for Kids® provides educational enrichment in Robotics, Engineering and Computer Programming for children ages 4 - 14 through camps, afterschool programs, in-school field trips, workshops in schools and outside community spaces.