|
Below is an in-depth analysis and side-by-side comparison of Odyssey Art Centers vs Creative Tutors including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $28,700 - $56,200 | $30,000 - $85,000 |
Franchise Fee | $24,000 | N/A |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1974 | 1999 |
Year Franchised | 1995 | 2004 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Grand opening, Internet, Purchasing cooperatives | - |
Marketing | - | - |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
The first Odyssey Art Center was founded in 1974 by Linda Perlmutter. After quitting her job as a teacher to stay home with her newborn son, Perlmutter started teaching small groups of children in the basement studio of her home. Today, her art education franchise combines history, poetry, literature, science, music, math and current events with art.
In 1999, Jan Van Blarcum, Ph.D. founded Creative Tutors. As an educator, Dr. Van Blarcum understood the importance of personalized attention in a child's educational growth. Her passion for learning grew into a business endeavor that provides customized, one-on-one, in-home tutoring to children with a variety of learning needs. Every child receives personalized attention from certified/degreed educators. Jan has acquired invaluable experience through living abroad, teaching in many educational environments and has acquired business development experience. These unique experiences, coupled with her fervent desire to provide all children with the tools needed to achieve their potential in today's educational environment, led her to establish Creative Tutors and their sister organization Creative Learning 4 Kids, Inc. a 501(c)(3) company. "The great thing about learning is that no one can take it away from you." B.B. King