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Below is an in-depth analysis and side-by-side comparison of Core Education & Fine Arts 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 | $250,000 - $500,000 | $152,750 - $399,000 |
Franchise Fee | $50,000 | $30,000 |
Royalty Fee | 6% | 8% |
Advertising Fee | 2% | 3% |
Year Founded | 1998 | 2013 |
Year Franchised | 2003 | 2018 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Many of our franchise owners have corporate backgrounds and have previously enrolled their children into cefa schools. The owners have recognized the opportunity to enjoy a work/life balance, spend more quality time with their family, and to be rewarded personally and financially. | - 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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | You will be enrolled in our cefa certified training course to learn all about cefa and our curriculum. You will also receive one-on-one training in the areas of administration and operations. *Initial Training *On-going Professional Development *Curriculum *Program | - 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 | Real Estate & Site Development *Demographics *Zoning *Site Selection *Lease Negotiation *Building Design *Construction Management | - 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 | *Direct Mail *Email Marketing *Individual and corporate website *Internet and Print Advertising *Marketing Materials *Social Media *Trade shows *Strategic alliance with prominent schools and businesses | - Use of MakerKids® Name, Logo and Trademarks - Presentation Material & Templates |
Operations | *Licensing Assistance and Opening Assistance *Hiring of Initial Principal/Faculty *Budget Control | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | Yes | Yes |
International Expansion | Yes | Yes |