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FasTracKids International Ltd.
 

FASTRACKIDS INTERNATIONAL, a top-rated Enrichment Education franchise, has appointed over 190 licensees in 30 countries. Thousands of children have benefitted from the technologically advanced FASTRACKIDS curriculum. Developed for children ages 6 months to 6 years, FASTRACKIDS is designed to increase thinking and reasoning abilities while enhancing communication skills and self-esteem.

Franchisor Background

Year Established:

  1998

Franchising Since:

  1998

IFA Member



Operating Units:

Franchised Units:300 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:300 100%  
 

Geographic Distribution:

U.S.:162 60.2% In 23 States
Canada:17 6.3% In 1 Canadian Provinces
International:90 33.5% In 39 Foreign Countries
 ______ _____  
Total:269 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    

Registered in Following Registration States:

   California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:

Minimum Net Worth:$
Cash Investment:$21.5K
Total Investment:$78.4-210.2K
Average Total Investment:$144K
 

Fees:

Initial Franchise Fee:$30K
Average Franchise Fee:$30K
On-Going Royalty:Varies
Average Royalty:1%
Advertising Fee:0%

Average Number of Employees:

   1-5 Full-time, 0 Part-time

Space Needs (in square footage):

   1,600-1,800

Preferred Sites:

  

Other Sites:

  

Encourage Conversions?

   Not Applicable

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:12
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:Yes
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Not Applicable
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Included in Fees
 

Training:

1. Denver, CO5 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:4
General Business Experience:4
Specific Industry Experience:4
Formal Education:4
Psychological Profile:5
Personal Interview(s):5

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:We have advertised in 30 countries.

Terms of Contract

Term of Initial Contract:5 Year(s)
Term of Renewal Period:20 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?Yes, for 1 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   55
U.S.:Yes, All United States
Canada:Yes, All Canada
Overseas:Yes, All Countries
 
 
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