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Updated RecentlyFasTracKids 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 |
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| Investment | $48,117 - $203,517 | $50,000 - $70,000 |
| Franchise Fee | $22,000 | $18,800 |
| Royalty Fee | Variable | 10% |
| Advertising Fee | - | 2% |
| Year Founded | 1998 | 2003 |
| Year Franchised | 1998 | 2008 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $1K | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-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 |
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| 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) | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | 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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#92 on Franchise Rankings.com
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.