|
Below is an in-depth analysis and side-by-side comparison of KLA Schools vs MakerKids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $1,121,000 - $5,954,750 | $152,750 - $399,000 |
Franchise Fee | $78,500 | $30,000 |
Royalty Fee | 6% | 8% |
Advertising Fee | 1.5% | 3% |
Year Founded | - | 2013 |
Year Franchised | - | 2018 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | KLA provides more than four weeks of in-depth, hands-on classroom and onsite training prior to your school opening that will give you insight into the day-to-day experiences and requirements entailed in running your KLA franchise. A few topics covered during your initial training will be: * KLA Education Philosophy and Programs * Establishing and Operating the Business * School Setup * School Operations Overview * Daily Journals and Documentation * Recommended Equipment, Supplies and Furnishings | - 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 | The support services from KLA Schools� have been designed to assist each franchisee to quickly establish and assume operations of their school location and to provide the necessary tools to succeed as a KLA franchisee. Expand Contract Personnel Support Recruiting secure and knowledgeable personnel for your KLA childcare franchise is critical. We will educate you and ensure you are ready to hire the right individuals to support the success of your school. Employment Support includes: * Recruitment and Candidate Selection Process Overview * Orientation and Training of Personnel * Suggested Team Building Activities * Establishment of Personnel Policies * Evaluation of Employees * Ongoing Professional Development Expand Contract Real Estate and Design Support KLA Schools will identify the best preschool franchise site for you and will provide you with a Site Location Analysis to review. You also have the option of being delivered a turnkey educational center to start of your new venture. Real Estate and Design support includes: * Demographic Analysis * Site Selection * Lease Negotiations * School Design * Site Development * Sample Building Plans * Turnkey Solution/Center Development Agreement Expand Contract Marketing and Advertising Support As a KLA Schools franchisee, you benefit from marketing expertise that includes proven marketing plans and materials for use in your area. We will help you to locate appropriate public relations support to provide proper media exposure. We will also continue to explore and utilize new marketing technicques as ways to reach, educate and retain customers. Marketing and Advertising support includes: * Grand Opening Planning and Support * Planning for Pre-Opening Marketing Efforts * Website Solutions and Strategies (SEO, SEM, PPC) * Inquiry and Enrollment Process * Ongoing Local Advertising Support * Encouraging Community Involvement * Open House Planning | - 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 | * Grand Opening Planning and Support * Planning for Pre-Opening Marketing Efforts * Website Solutions and Strategies (SEO, SEM, PPC) * Inquiry and Enrollment Process * Ongoing Local Advertising Support * Encouraging Community Involvement * Open House Planning | - Use of MakerKids® Name, Logo and Trademarks - Presentation Material & Templates |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | - | Yes |
International Expansion | - | Yes |