FasTracKids vs KnowledgePoints Franchise Comparison

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

Start-Up Costs and Fees
 
FasTracKids Franchise
KnowledgePoints Franchise
Investment $48,117 - $203,517$50,000 - $174,500
Franchise Fee $22,000$50,000 - $60,000
Royalty Fee Variable-
Advertising Fee --
Year Founded 19981999
Year Franchised 19982000
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee $1K-


Business Experience Requirements
 
FasTracKids Franchise
KnowledgePoints Franchise
Experience --

Financing Options
 
FasTracKids Franchise
KnowledgePoints Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/-
Start-up Costs No/Yes-/-
Equipment No/Yes-/-
Inventory No/Yes-/-
Receivables No/Yes-/-
Payroll No/Yes-/-

Training & Support
 
FasTracKids Franchise
KnowledgePoints Franchise
Training --
Support Newsletter, Meetings, Internet-
Marketing --
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)

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Expansion Plans
 
FasTracKids Franchise
KnowledgePoints Franchise
US Expansion --
Canada Expansion No-
International Expansion Yes-

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 KnowledgePoints

KnowledgePoints Learning Centers provide a personal approach to basic skills tutoring. With proven results and a guarantee of success, our customized tutoring programs in reading, writing, math and study skills help ensure students at our tutoring centers reach their academic goals. All KnowledgePoints Learning Centers are run by Center Directors who complete an intense 12 week training program before being certified as a KnowledgePoints Director of Learning. Our learning centers serve students in grades Pre-K-12 who are struggling, have fallen behind or who need additional challenge. Our tutoring program consists of a diagnostic skills assessment, individualized tutoring instruction, and an effective motivational system that builds students’ skills and helps them gain the desire and confidence to succeed at the learning center, in school and in life!