Drama Kids vs FasTracKids Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Drama Kids vs FasTracKids including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Drama Kids Franchise
FasTracKids Franchise
Investment $33,800 - $73,500$48,117 - $203,517
Franchise Fee $27,500 - $57,500$22,000
Royalty Fee 8%Variable
Advertising Fee 1%-
Year Founded 19791998
Year Franchised 19891998
Term Of Agreement 5 years5 years
Term Of Agreement 5 years5 years
Renewal Fee $2K$1K


Business Experience Requirements

 
Drama Kids Franchise
FasTracKids Franchise
Experience
  • General business experience
  • -

    Financing Options

     
    Drama Kids Franchise
    FasTracKids Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/Yes
    Receivables No/YesNo/Yes
    Payroll No/YesNo/Yes

    Training & Support

     
    Drama Kids Franchise
    FasTracKids Franchise
    Training 1 day of regional training plus annual conference. Classroom Training: 52 hours Additional Training: Via webinar Absentee Ownership Allowed -
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform Newsletter, Meetings, Internet
    Marketing Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing -
    Operations Franchise can be run from home.

    0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1 - 4

    Absentee ownership of franchise is NOT allowed.

    16% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1 - 2

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)


    Expansion Plans

     
    Drama Kids Franchise
    FasTracKids Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Drama Kids

    In 1979, teacher Helen O'Grady began offering after-school drama classes to children in Perth, Australia. The positive response from both parents and students convinced O'Grady to open more studios. By 1987, she had opened 24 locations around Perth, operating under the Helen O'Grady Children's Drama Academy. The company began franchising in Australia in 1989 and first offered international master licenses in 1993. In 2000, the company began operations in the United States as Drama Kids International.
    Drama Kids franchisees offer children age 5 to 17 drama classes at schools, community centers and churches. The program runs on a 40-week school year basis, made up of a single hour-long session per week. Each year ends with a performance for family and friends.

    Seeking new franchise units Worldwide  

    The total investment necessary to begin operation of a Drama Kids franchised business with a standard territory is between $33,800 and $43,500. This includes $27,500 that must be paid to the franchisor or its affiliate(s).
    The total investment necessary to begin operation of a Drama Kids franchised business with an optional expanded territory is between $33,800 and $73,500. This includes $57,500 that must be paid to the franchisor or its affiliate(s).

    #287 in Franchise 500 for 2020.

    About FasTracKids

    Founded in 1998, FasTracKids International offers an enrichment education system for children ages 3 to 6. The program is a 2-year curriculum covering 12 academic subjects, including astronomy, biology, economics, literature and mathematics.

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    #92 on Franchise Rankings.com