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Below is an in-depth analysis and side-by-side comparison of FasTracKids vs Montessori Kids Universe 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 | $419,911 - $948,871 |
Franchise Fee | $22,000 | $35,000 - $56,000 |
Royalty Fee | Variable | 6% |
Advertising Fee | - | - |
Year Founded | 1998 | 1988 |
Year Franchised | 1998 | 2013 |
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 | - | On-The-Job Training: 20-40 hours Classroom Training: 72 hours Additional Training: As needed |
Support | Newsletter, Meetings, Internet | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection |
Marketing | - | Ad Templates Social media SEO Website development Email 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) | Number of Employees Required to Run: 12 - 18 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |