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Below is an in-depth analysis and side-by-side comparison of Abrakadoodle vs Monart School of the Arts including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $38,028 - $81,878 | $37,100 - $49,700 |
Franchise Fee | $25,400 - $56,900 | $28,000 |
Royalty Fee | 8% | 8% |
Advertising Fee | 1% | - |
Year Founded | 2002 | 1979 |
Year Franchised | 2004 | 2004 |
Term Of Agreement | 10 years | 7 years |
Term Of Agreement | 10 years | 7 years |
Renewal Fee | 5% of current franchise fee | $3000 |
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/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | 20-60 hours pre-training at franchisee's location | - |
Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media | - |
Operations |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 5 - 10
Absentee ownership of franchise is NOT allowed. | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | No |