FasTracKids vs Portal Languages Franchise Comparison

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

Start-Up Costs and Fees
 
FasTracKids Franchise
Portal Languages Franchise
Investment $48,117 - $203,517$25,000 - $50,000
Franchise Fee $22,000$15,000
Royalty Fee Variable7%
Advertising Fee --
Year Founded 19982008
Year Franchised 19982013
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $1K-


Business Experience Requirements
 
FasTracKids Franchise
Portal Languages Franchise
Experience --

Financing Options
 
FasTracKids Franchise
Portal Languages 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
Portal Languages 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
Portal Languages 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 Portal Languages

Portal Languages began as a private language tutoring service by our founders from their apartment in Costa Mesa, California.  The spark that launched the company came from a continuous demand for their language tutoring service.  In January 2009, the founders decided to establish Portal Languages - " Costa Mesa in a 400 sq./ft. office space.
A website and a functional space was then created for the school.  We decided to adopt the Language Teaching Methodology Series - “The Natural Approach, Language Acquisition” developed by Stephen D. Krashen and Tracy D Terrell.
What followed were several years of quick expansion as internet marketing campaigns, student referrals and a sound business principle began to pay off.
Portal Languages has been helping students acquire a foreign language for over 5 years. As a franchise owner, you’ll have continual support to develop a profitable and simple business.  This is the Ideal business for an experienced language teacher with entrepreneurship skills who is interested in starting his/her own business and contribute to the community.
-Royalties and marketing are about 8% of gross sales;
-Average unit volumes are $200,000.