Primrose School vs MakerKids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Primrose School vs MakerKids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$636,900 - $6,771,000 | $152,750 - $399,000 |
Franchise Fee |
$80,000 | $30,000 |
Royalty Fee |
7% | 8% |
Advertising Fee |
2% | 3% |
Year Founded |
1982 | 2013 |
Year Franchised |
1988 | 2018 |
Term Of Agreement |
11 years | - |
Term Of Agreement |
11 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - Passion for working with kids
- Thirst for knowledge
- Glass half full mindset (60% optimist, 40% realist)
- An Excellent Credit History
- Leadership Skills
- A Desire to Succeed
- A Desire to Make A Difference
- No past bankruptcies
- No past criminal record
- Willing to get out there and make sales
- Persistence
- Desire to listen, share and be compliant
- Being happy is more important to you than being right
- Customer-oriented
Wait, I don’t know how to teach STEM! - Don’t worry. If you don’t have a teaching background, you can still excel as a MakerKids franchisee. In fact, the backgrounds of our ideal franchisees vary greatly – from engineers and accountants to teachers and homemakers, and everything in between. MakerKids franchise training was designed to level the playing field. We teach you all that you need to know about running a business that deals with STEM instruction. |
Financing Options |
|
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/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
- | - Five (5) days Training in Toronto, Canada
- Five (5) days On-Site Training
- Education/Curriculum: MakerKids® Lesson Plans
Options for additional training*:
- Internal Training with support and guidance from MK Training Team via Teleconferences, GoTo Meeting and Webinars
- Additional Training available at MK HQ in Toronto, Canada
- Additional On-Site Training available
*Please inquire about additional training. |
Support |
- | - Advertising and Marketing: Initial supply of Presentation materials and Templates.
- Usage of proprietary Operations Manual
- Use of MakerKids® Name, Logo and Trademarks
- Annual training and workshop
- MakerKids new releases and new concepts |
Marketing |
- | - Use of MakerKids® Name, Logo and Trademarks
- Presentation Material & Templates |
Operations |
- | - |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
No | Yes |
International Expansion |
No | Yes |
Company Overviews
About Primrose School
Primrose School Franchising Company trusts that as an effective expert, you may be at a point in your profession where you'd jump at the chance to enhance your personal satisfaction, pick up autonomy and make a noteworthy commitment to your group. And keeping in mind that cash isn't all that matters, a Primrose kid mind establishment can likewise give solid money related prizes.
The Primrose contrast: The center of our kid mind establishment business is the authorize Balanced Learning educational modules. Created and instructed solely at Primrose Schools, Balanced Learning mixes kid started and educator coordinated projects for an instructive tyke mind encounter that is unparalleled.
Primrose Schools were the main instructive kid mind establishments to accomplish accreditation from the Commission on International and Trans-Regional Accreditation (CITA), the Southern Association of Colleges and Schools Commission on Accreditation and School Improvement (SACS CASI) and the North Central Association of Commission on Accreditation and School Improvement (NCA CASI), for meeting stringent principles on educational modules, well-being and instructor preparing. These prestigious affiliations have been perceived as the highest quality level in assessing nearby open and tuition based schools and colleges. Put resources into an adjusted vocation... what's more, life. On the off chance that you might want to take in more about how an arrival on your venture can be substantially more than recently money related, please investigate the quality of our business and the kid mind industry, survey our organization history and official administration group, and meet a portion of the establishment proprietors who have made Primrose School possession the vocation they had always wanted. A superb open door for achievement. In case you're intrigued, call 1-800-PRIMROSE to talk with our group.
The total investment necessary to begin ownership of a Primrose
franchise ranges from $4,497,500 to $6,771,000 assuming your real estate
affiliate purchases the premises for your Facility (under the Real
Estate Affiliate Development Program). This includes approximately
$140,000 to $235,500 that must be paid to the franchisor or an
affiliate.
If you engage a developer or independent third party
unaffiliated with you to develop the facility and lease both the real
estate and improvements back to you under the Build-to-Suit program, the
total investment necessary to begin ownership of a Primrose franchise
ranges from $636,900 to $1,279,000. This includes approximately $110,000
to $315,500 that must be paid to the franchisor or an affiliate.
If you choose to develop the Facility in a building or space leased from an
independent third party under our Permanent Lease Program, the total
initial investment necessary to begin ownership of a Primrose franchise
ranges from $3,131,900 to $4,560,700. This includes approximately
$140,000 to $360,500 that must be paid to the franchisor or an
affiliate.
If you have extensive real estate development and
construction experience and the franchisor permits you to develop the
Facility under our Independent Development Program, the total investment
necessary to begin ownership of a Primrose franchise ranges from
$4,527,400 to $6,726,000. This includes approximately $110,000 to
$190,500 that must be paid to the franchisor or an affiliate.
#9 in Gator's Top franchises.
#54 in Franchise 500 for 2020.
#67 in Franchise 500 for 2021.
About MakerKids
MakerKids runs award-winning STEM programs on Coding, Robotics and
Minecraft. We use technology as a medium to help build confidence,
social skills, change-making abilities and a positive relationship with
technology. Kids have started businesses, won prizes from NASA, been
published in magazines, and had positive mental health outcomes. MakerKids was named the #1 franchise concept in the NextGen in
Franchising Competition at the International Franchise Association
Conference from over 400 entrants.
To describe the franchise in one word: transformative
- Target Market: Ages 6-13, including Special Needs students
- Location-based + mobile business/satellite locations: owner to operate multiple satellite
locations e.g. at schools
- Camps, After-School Programs and Parties
- MakerKids® teaches STEM (Science, Technology, Engineering, Mathematics) topics:
Coding, Robotics and Minecraft
- Education/Curriculum: Proprietary Lesson Plans
- Advertising/Marketing: Presentation Material & Templates
- Online Parent Registration
We have been featured by Forbes,
Wired, and more. Your dream career awaits. Help empower the makers of
tomorrow. Inquire today.