FasTracKids vs Inspiration Learning Center Franchise Comparison

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

Start-Up Costs and Fees

 
FasTracKids Franchise
Inspiration Learning Center Franchise
Investment $48,117 - $203,517$50,000 - $70,000
Franchise Fee $22,000$18,800
Royalty Fee Variable10%
Advertising Fee -2%
Year Founded 19982003
Year Franchised 19982008
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $1K-


Business Experience Requirements

 
FasTracKids Franchise
Inspiration Learning Center Franchise
Experience --

Financing Options

 
FasTracKids Franchise
Inspiration Learning Center 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
Inspiration Learning Center Franchise
Training -Extensive tutor training, administrative training and sales training are provided. Continued support is made available to all franchise owners from our flagship location in Scarborough, Ontario. The length of training is typically three weeks.
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
Inspiration Learning Center Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion YesYes

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 Inspiration Learning Center

Inspiration Learning Center Franchising Corp. is invested in a dynamic learning center.
Inspiration Learning Center serves students of all ages with on site and home tutoring. Opening in 2003, and established and successful in the GTA, the center is rapidly expanding into other markets on the strength of its unique combination of Eastern and Western teaching methodologies. With competitive start up fees, get in on the ground floor of an exciting educational business opportunity.