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Updated RecentlyYoung Chefs Academy vs MakerKids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Young Chefs Academy vs MakerKids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $120,300 - $196,900 | $152,750 - $399,000 |
| Franchise Fee | $39,900 | $30,000 |
| Royalty Fee | $395/month | 8% |
| Advertising Fee | - | 3% |
| Year Founded | 2004 | 2013 |
| Year Franchised | 2005 | 2018 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | *Franchisees must live in the market they wish to operate. *You must have a minimum of $72,000.00. *We carefully consider your personal experience and people skills. *You must understand the unique attributes of operating a business within a franchise system. *You need to be able to execute a franchise agreement within 3 months from the initial request for consideration to begin the qualification process. | - 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 |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | Hands on initial training supports our operations manual so that each new franchisee represents our brand to the standard of quality associated with Young Chefs Academy. All new Young Chef Academy Franchise Owners receive on-site training followed by continual training throughout the franchise relationship. Our initial training program is designed to prepare you to furnish you with the right tools to make your dream a reality and allow you to begin your business immediately after you successfully complete your 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 | Through our wide-range of expertise, there is always someone to turn to for answers. | - 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 |
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| US Expansion | - | Yes |
| Canada Expansion | No | Yes |
| International Expansion | No | Yes |
Company Overviews
About Young Chefs Academy
Picture a joyful kitchen, full of inspired children creating culinary masterpieces and filling the air with laughter and learning... Welcome to Young Chefs Academy, the only franchise that will enable your children to transfer their learning and transform the most popular room in everyone's home into something quite extraordinary!
Why is Young Chefs Academy the right choice for today?
Cooking is one of the hottest past times today with new cooking programs coming online and on television every week.
Cooking has always interested every age group but now more than ever, cooking has become one of the most popular extra-curricular activities for children.
Parents recognize the value of teaching their children to cook and are actively seeking out programs that enrich their children's life now and for their future.
Children, parents, schools, teachers and health care providers are recognizing what the Young Chefs Academy's brand is doing to improve the lives of children and their communities across the country. Not only does Young Chefs Academy promote cooperation and camaraderie among its fellow students, it helps build solid relationships within the family unit.
In addition, Young Chefs Academy has....
Experienced management, culinary arts and curriculum teams.
A successful franchise system.
A proven business model.
Strong food industry partnerships.
Strong trademarks and brand recognition.
Freedom from major supply contracts.
A centralized, skilled and knowledgeable support team.
Exclusive territories.
Excellent initial training and continual education and ongoing programs.
Marketing support and advertising materials.
Ongoing business and franchise support.
Many of our best retail franchise opportunities are now available and we are seeking qualified individuals to become part of our growing, dynamic cooking team. If you’re prepared to revolutionize your personal life and create financial freedom, Young Chefs Academy is ready for you.
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