FasTracKids vs LearningRx Franchise Comparison

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

Start-Up Costs and Fees

 
FasTracKids Franchise
LearningRx Franchise
Investment $48,117 - $203,517$90,000 - $149,000
Franchise Fee $22,000$25,000
Royalty Fee Variable7% -8%
Advertising Fee -3%
Year Founded 19981986
Year Franchised 19982003
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee $1K$5K


Business Experience Requirements

 
FasTracKids Franchise
LearningRx Franchise
Experience --

Financing Options

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

Training & Support

 
FasTracKids Franchise
LearningRx Franchise
Training -As a brain training company, we value initial and ongoing training very highly. Our training includes a 2-day job shadowing with one of our franchisees prior to our 10-day training in Colorado Springs, CO. The 10-day franchise training covers our over 200 proprietary training procedures, marketing, public relations, business operations, networking, testing, administration, hiring, and much more. Our brain trainers are trained on-site by the franchisee, using over 40 hours of online material as well as 20-30 hours of in-person training and observation. We also offer ongoing training and support via our Helpdesk (phone and email support) and quarterly calls with our support team.
Support Newsletter, Meetings, InternetWe know that the success of our franchisees is our success. Valuable support is a top priority for us, and we strive to help our franchisees however possible. Our support team is led by a former franchisee and LearningRx parent, who understands the day-to- day running of a center firsthand. We also have a marketing and business coach, who will help our first-year franchisees create and implement their 12-month business plan and offer ongoing support of business operations. The support team also runs the helpdesk, which is available by phone and email and boasts a very fast turnaround. We provide a franchise operations system designed to support all of your business needs from site selection and build out to launch marketing and sales prospecting. We are continually introducing new Brain Balance programs, products and services to increase your sales opportunities. Through national media exposure, training and consulting by program creator and co-founder, Dr. Robert Melillo renowned researcher, lecturer and author of several best sellers including, Disconnected Kids, Reconnected Kids and his latest book, Autism
Marketing -We offer new materials on a regular basis across multiple platforms: social media, print, TV, radio, PPC, SEO, etc. You can also join a voluntary marketing co-op where applicable. *National PR exposure *Exposure Across the Digital Landscape *Web-based Requisition System for Customized Marketing Materials *Local Marketing Guidance
Operations 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)

10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 3 Absentee ownership of franchise is allowed. (67% of current franchisees are owner/operators)

Expansion Plans

 
FasTracKids Franchise
LearningRx Franchise
US Expansion -Yes
Canada Expansion NoYes
International Expansion YesNo

Company Overviews

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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About LearningRx

In the 1980's, brothers Dr. Ken Gibson and Dr. Keith Gibson-- a specialist in visual processing and a clinical psychologist, respectively-- sought a way to help people with learning difficulties to learn more quickly and easily. They developed a series of short, intense training exercises to improve concentration and recall abilities. Once this method proved successful in trials, they continued to test and enhance the program with input from other specialists in education, medicine and psychology, in order to help students with attention problems, dyxlexia, memory problems and other learning disabilities to improve their cognitive skills. Dr. Ken Gibson began franchising under the name LearningRx in 2003, and is currently the company's CEO.

Veteran Incentives   10% off franchise fee


2016 #1 Educational Franchise by FranchiseRankings.com!
Part of the Entrepreneur Franchise 500® 7 years in a row!