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Below is an in-depth analysis and side-by-side comparison of Stretch-N-Grow vs Parker-Anderson Enrichment including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $23,600 | $15,980 - $81,100 |
Franchise Fee | $18,600 | N/A |
Royalty Fee | $150/mo. | 8% |
Advertising Fee | - | - |
Year Founded | 1992 | 2005 |
Year Franchised | 1993 | 2014 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
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 | -/Yes |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | On-The-Job Training: 2-6 hours Classroom Training: 18-22 hours Additional Training: Oline training |
Support | Newsletter, Meetings, Toll-free phone line, Internet | Meetings/Conventions Toll-Free Line Online Support |
Marketing | National media | National Media Website development |
Operations |
Franchise can be run from home. 5% 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) | Number of Employees Required to Run: 1 - 4 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Each Stretch-n-Grow class is about 45 minutes long, with 30 minutes of exercise and 15 minutes of discussion. Classes are taught at child-care and recreation centers, elementary schools, YMCA and YWCA centers, Mothers' Day Out programs and Head Start facilities. Instructors also provide classes for after-school programs, birthday parties and sports camps.
The company began franchising in 1993 and has locations in Canada, Australia, New Zealand, England, Ireland, and Hong Kong, as well as the United States.
For over twenty-five years, Parker-Anderson Enrichment has offered the most diverse selection of kids programs
that any franchise has to offer. Our motto is “Fun Comes First,” our intention is to educate through hands-on learning,
and our hope is that students around the world can share our abundant array of classes.
Considering that demand keeps growing for after school programs, and that shrinking school budgets increase the market for someone to take over hands-on learning