|
Below is an in-depth analysis and side-by-side comparison of Kiddie Academy vs Eye Level including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $345,000 - $5,605,000 | $52,318 - $121,650 |
Franchise Fee | $135,000 | $5,000 |
Royalty Fee | 7% | $32-$36/subject/mo. |
Advertising Fee | 2% | $1/subject/mo. |
Year Founded | 1981 | 1976 |
Year Franchised | 1992 | 1991 |
Term Of Agreement | 15 years | 5 years |
Term Of Agreement | 15 years | 5 years |
Renewal Fee | Varies | - |
Business Experience Requirements |
||
Experience | People and management skills | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | Classroom Training: 80 hours Additional Training: Online training | All of our franchisees go through our seven-day training program prior to their location's opening, during which they learn about: * The principles of the Eye Level program * Effective marketing of their Eye Level learning center * The Eye Level Global Dream System * Eye Level Math, English Curriculum * Diagnostic testing and parent consulting * Learning center operations * Devising solid business plans * And more |
Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Ad slicks, Regional advertising, Website, Web Advertising | - |
Operations |
15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | Yes |