- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$48K - $204K
- Units as of 2015
-
265
Company Overview
About FasTracKids Int'l. Ltd.
| Industry | Children's Businesses |
|---|---|
| Related Categories | Children's Enrichment Programs: Miscellaneous, Miscellaneous Children's Businesses, Tutoring |
| Founded | 1998 |
| Leadership | Nancy Faunce, CEO |
| Corporate Address |
6950 E. Belleview Ave., #320 Greenwood Village, CO 80111 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 1998 (26 years) |
|---|---|
| # of employees at HQ | 14 |
| # of Units | 265 (as of 2015) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a FasTracKids Int'l. Ltd. franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$24,000 - $30,000 |
|---|---|
|
Initial Investment
|
$48,117 - $203,517 |
|
Net Worth Requirement
|
$150,000 |
|
Cash Requirement
|
$50,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
12.5% |
|
Ad Royalty Fee
|
0.05% |
|
Term of Agreement
|
5 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | FasTracKids Int'l. Ltd. has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 10 days |
|---|---|
| Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Field Operations
|
| Marketing Support |
Ad Templates
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 2-3 |
|
Are exclusive territories available?
|
Yes |
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