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FasTracKids Int'l. Ltd.

Enrichment education for young children

Background

Founded: 1998 Franchising since: 1998
Founded in 1998, FasTracKids International offers an enrichment education system for children ages 3 to 6. The program is a 2-year curriculum covering 12 academic subjects, including astronomy, biology, economics, literature and mathematics.
6900 E. Belleview Ave., 1st Fl.
Greenwood Village, Colorado 80111
Phone:
(303)224-0200


Franchisor is a privately-held company with 14 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 55 0 232 0
2008 74 0 173 0
2007 88 0 151 0
2006 88 2 103 0
2005 65 2 66 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Exclusive territories available.
Territory size: Master franchises available for some countries

Special Programs
FasTracKids recognizes top performing franchisees at its annual international and regional meetings.

Scholarships may be awarded to children based on financial need and available classroom space and resources.


Costs and Fees

Total investment: $81.97K-245.8K
Franchise fee: $22.5K
Ongoing royalty fee: 1.5%
Term of agreement: 5 years, renewable


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

Qualifications
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills

Operations
  • 16% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2 - 3
  • Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 10 days

Ongoing Support
  • Newsletter
  • Meetings
  • Internet

Marketing Support
  • Ad slicks

Rankings

Franchise 500® rank:
#331 (2008); #274 (2007); #383 (2006); #220 (2005);

Ranked #1 in category in:
2005;

Low-Cost Franchises:
#57 (2005);

America's Top Global Franchises:
#109 (2008); #154 (2007); #111 (2005);


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