Goddard Systems Inc.

#93

At a Glance

Products & Services: Preschool/educational childcare

Number of Locations: 399

Total Investment: $701.4K - 721.4K

Founded: 1986

Began Franchising: 1988

About Goddard Systems Inc.

The Goddard School offers year-round programs for children from six weeks to six years old including after-school enrichment and summer programs.

Goddard Systems, Inc. (GSI) is the franchisor of The Goddard School. Headquartered in King of Prussia, Pennsylvania, GSI currently has franchises throughout the United States. Each school is a licensed childcare facility with an on-site owner, an Education Director and a faculty trained in Early Childhood Education or Childhood Development. GSI provides continuing education for all teachers as well as a corporate Quality Assurance program.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2013	399	0	0	0
2012	388	0	0	0
2011	386	0	0	0
2010	371	0	0	0
2009	357	0	0	0

Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $701,400 - $721,400
Franchise Fee: $135,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 15 years, renewable

Financial Requirements

Net Worth: $650,000
Liquid Cash Available: $150,000

Operations

20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 25. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

Financing Type	In-House	Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 days; 2 weeks. At franchisee's location: Ongoing. IACET training for teachers & directors

Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Lease Negotiation

Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Other marketing support: Full-service in-house ad agency