Child Education & Development Franchise Review
Child Education & Development Franchise Opportunity - Child Education & Development Franchise Business for Sale
FasTrac Kids
FasTracKids® is a revolutionary and highly effective school- and life-readiness program for children, ages 3 to 6. Established in 1998, FasTracKids appoints franchisees who operate stand-alone Academies in retail locations as well as from a FasTracKids classroom within existing pre-k or childcare facilities. Using the proprietary FasTracK Learning Station® - a unique merger of computer technology, LCD projection and interactive white board technology in each Academy classroom, licensees provide instruction, curriculum and teaching methods that are structured to challenge children to develop critical thinking skills, to stretch and expand their knowledge as well their capabilities and individual performance. Each classroom is equipped with a video camera where students are encouraged to give stand-up presentations that are recorded and played back. At FasTracKids, students are taught to apply what they have learned to their own lives and circumstances.
BACKGROUND
Established: 1998
First Franchised: 1998
Franchised Units: Over 180; in 27 countries; 9 languages (English, Spanish, Mandarin Chinese, Russian, Portuguese and others)
Company Owned Units: 0
Projected New Units (12 Months): 45 in U.S. and international
Registered: All States
FINANCIAL/TERMS
Cash Investment: $35,500 initial fees (includes Franchise Fee, Educational Access Fee and Real Estate Service Fee); paid mid-way through business training.
Total Investment: $79-189K (includes initial fees, equipment, furnishings, signage, retail space build out, lease and utility deposits, etc.)
Minimum Net Worth: $250K
Franchise Fee: $22,500
Educational Access Fee: $7,500
Real Estate Services Fee: $6,000
Royalty: 12.5% of the gross cash receipt
Area Development Minimum Investment: $90K for population of 1 million; $140K for 2 million population; $180K for 3 million population
Average Number of Employees: 2-3 hourly contract and part-time
Passive Ownership: No
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