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Below is an in-depth analysis and side-by-side comparison of Tutu School vs ICode including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $73,700 - $135,200 | $293,000 - $347,000 |
Franchise Fee | $36,000 | $35,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | 1% | 2% |
Year Founded | 2008 | 2016 |
Year Franchised | 2012 | 2016 |
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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | On-The-Job Training: 74 hours Classroom Training: 17 hours | - |
Support | Newsletter Meetings Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | - |
Marketing | Ad Templates Regional Advertising Social media Website development Email marketing | - |
Operations | Number of Employees Required to Run: 2 | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
Proprietary STEAM-based educational courses for children and
engaging courses for families, and other programs that ICode may develop periodically.