Rainbow Academy
At a Glance
Products & Services: Childcare/early learning center
Number of Locations: 11
Total Investment: $457.3K - 640.37K
Founded: 1997
Began Franchising: 2011
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2012 | 10 | 0 | 0 | 1 |
| 2011 | 7 | 0 | 0 | 1 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Connecticut, Delaware, Maryland, Northeast, New Jersey, New York, Pennsylvania, Virginia.
Connecticut, Delaware, Maryland, Northeast, New Jersey, New York, Pennsylvania, Virginia.
Startup Costs, Ongoing Fees and Financing
Total Investment: $457,300 - $640,374
Franchise Fee: $50,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 15 years, renewable
Franchise Fee: $50,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $600,000
Liquid Cash Available: $150,000
Operations
27% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 35. Absentee ownership of franchise is allowed. (19% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 70 hours. At franchisee's location: 20 hours. Webinar : 4 hours.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
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