FasTracKids vs Engineering for Kids Franchise Comparison

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

Start-Up Costs and Fees

 
FasTracKids Franchise
Engineering for Kids Franchise
Investment $48,117 - $203,517$27,250 - $93,700
Franchise Fee $22,000$12,250 - $22,500
Royalty Fee Variable7%
Advertising Fee -1%
Year Founded 19982009
Year Franchised 19982011
Term Of Agreement 5 years7 years
Term Of Agreement 5 years7 years
Renewal Fee $1K-


Business Experience Requirements

 
FasTracKids Franchise
Engineering for Kids Franchise
Experience --

Financing Options

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

Training & Support

 
FasTracKids Franchise
Engineering for Kids Franchise
Training -

We train you to be a successful Engineering for Kids director by requiring you to successfully complete our 3-day Engineering for Kids training at our corporate headquarters as well as a 2-Day On-Site teacher training at your location. We provide you with instruction and curriculum materials on all areas of operations, from a thorough review of the operations manual to hands-on classroom training.

Support Newsletter, Meetings, InternetPurchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform
Marketing -Ad Templates Regional Advertising Social media Website development Email marketing Loyalty program/app
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)

Number of Employees Required to Run: 5 - 10

Expansion Plans

 
FasTracKids Franchise
Engineering for Kids 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 Engineering for Kids

Engineering for Kids offers a suite of programs for children ages 4 to 14 introducing them to science, technology, engineering and math through a variety of workshops all aimed at developing problem solving skills. Programs include after school programs, evening classes, in-school field trips, workshops, birthday parties, home-school programs, scouts workshops, and pre-school programs.
In order to impact as many youth as possible, Engineering for Kids began franchising as a way to spread the program across the country. Engineering for Kids presents a low-barrier opportunity with room to grow, as the brand plans to add between 50-60 new locations in 2013. Our franchisees share Roberts' passion for the program, understanding the need for STEM education. An ideal Engineering for Kids franchisee is someone who is well connected in their community, a parent, or an individual who has a passion for educating children.

Veteran Incentives  10% off $22,500 (full-territory) franchise fee