Young Rembrandts Franchise Inc.

#287

At a Glance

Products & Services: Art classes for children ages 3 to 12

Number of Locations: 88

Total Investment: $40.25K - 48.6K

Founded: 1988

Began Franchising: 1997

Private Owned

About Young Rembrandts Franchise Inc.

Bette Fetter, a mother of three young children, was working at a preschool when a friend mentioned the difficulty she was having in finding art classes for young children. A watercolor artist with a degree in studio art, Fetter knew she was an ideal candidate to start such a program.

Her program, Young Rembrandts, focused on drawing, and Fetter was soon teaching it to preschool children. After years of fine-tuning, the techniques and subject matter were adapted to two age groups (3- to 5-year-olds and 6- to 12-year-olds), and the program was taken into day-care centers, parks and after-school programs.

Young Rembrandts franchises teach weekly drawing and cartooning classes and offer three-week drawing camps.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2011	77	4	7	0
2010	75	2	5	0
2009	72	0	5	1
2008	70	0	4	2

Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $40,250 - $48,600
Franchise Fee: $28,500 - $31,500
Ongoing Royalty Fee: 10-8%
Term of Franchise Agreement: 10 years, renewable

Financial Requirements

Net Worth: $100,000
Liquid Cash Available: $40,000

Operations

Franchise can be run from home. 13% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 20. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).