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Entrepreneur: Start & Grow Your Business

Rainbow Station Inc.

Preschool, afterschool recreation, care for mildly-ill children

Background

Founded: 1988 Franchising since: 1999
4551 Cox Rd., #310
Glen Allen, Virginia 23060
Phone:
(888)716-1717


Franchisor is a privately-held company with 200 employee(s); 8 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 5 0 0 4
2006 1 0 0 3
2005 1 0 0 3

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Louisiana, Massachusetts, Missouri, Mississippi, Montana, North carolina, New hampshire, New jersey, New mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South carolina, Tennessee, Texas, Virginia, Vermont, West virginia, Wyoming

Exclusive territories available.
Territory size: 5-mile radius

Costs and Fees

Total investment: $750K-6M
Franchise fee: $50K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $750K
Cash liquidity requirement: $350K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills

Operations
  • Number of employees needed to run franchised unit: 75
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks
  • At franchisee's location: 1 week

Ongoing Support
  • Newsletter
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Co-op advertising