|
Below is an in-depth analysis and side-by-side comparison of The Learning Experience vs Engineering for Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $544,419 - $3,586,419 | $27,250 - $93,700 |
Franchise Fee | $60,000 | $12,250 - $22,500 |
Royalty Fee | 7% | 7% |
Advertising Fee | 1% | 1% |
Year Founded | 1979 | 2009 |
Year Franchised | 2003 | 2011 |
Term Of Agreement | 15 years | 7 years |
Term Of Agreement | 15 years | 7 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | $150,000 minimum in liquid capital | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/Yes | -/Yes |
Payroll | No/Yes | -/Yes |
Training & Support |
||
Training | We will teach you everything you need to know to open and operate your center On-The-Job Training: 80 hours Classroom Training: 80 hours | We train you to be a successful Engineering for Kids director by requiring you to successfully complete our 3-day Engineering for Kids training at our corporate headquarters as well as a 2-Day On-Site teacher training at your location. We provide you with instruction and curriculum materials on all areas of operations, from a thorough review of the operations manual to hands-on classroom training. |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Ad Templates Regional Advertising Social media Website development Email marketing Loyalty program/app |
Operations |
Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed.
| Number of Employees Required to Run: 5 - 10 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
The Learning Experience® is the fastest growing child care center operator in the Northeastern United States. Management has been involved in the building of over 2.5 million square feet, representing more than 200 child care centers in 24 states and 4 countries. For a quarter of a century they have enjoyed an impeccable reputation both in child care and franchising and are considered experts in their field. Their forward thinking makes The Learning Experience® one of the most comprehensive franchise systems on the market today.
Through the development of detailed franchisee training, meticulous operational manuals and an unparalleled student curriculum, The Learning Experience® franchise remains on the cutting edge within the child care industry. The demand for quality and excellence in child care is greater than ever before.
Engineering for Kids offers a suite of programs for children ages 4 to 14 introducing them to science, technology, engineering and math through a variety of workshops all aimed at developing problem solving skills. Programs include after school programs, evening classes, in-school field trips, workshops, birthday parties, home-school programs, scouts workshops, and pre-school programs.
In order to impact as many youth as possible, Engineering for Kids began franchising as a way to spread the program across the country. Engineering for Kids presents a low-barrier opportunity with room to grow, as the brand plans to add between 50-60 new locations in 2013. Our franchisees share Roberts' passion for the program, understanding the need for STEM education.
An ideal Engineering for Kids franchisee is someone who is well connected in their community, a parent, or an individual who has a passion for educating children.