Computertots Franchise
Sunday, January 31, 2010 at 02:12PM Computer-based learning for child-care centers, preschools and public and private schools
In 1984, personal computers were still considered a luxury, and schools were figuring out how to best use the new technology as a learning tool. Moms Karen Marshall and Mary Rogers saw the teaching potential of computers and began Computertots/Computer Explorers with $1,500, one computer and 10 young students. Franchise business owners can operate the business using either a manager model or an owner-operated model. A manager employs a staff to assist in the teaching and operation of the business; the owner of an owner-operated model not only teaches classes, but also operates the business.
In 2003, Computertots/Computer Explorers was acquired by The International Center for Entrepreneurial Development Inc., which also owns Kwik Kopy Printing, Kwik Kopy Business Centers, Franklin's Printing, American Wholesale Thermographers, Copy Club, Women's Health Boutique and Parcel Plus.
Start-up Costs & Franchises Fees
What is the total cost to open a Computertots Franchises?
Total Cost: $47,700-$66,300
Total Franchise Fees: $30,000 USD
Ongoing Royalty Fees: 8%
Ongoing Advertising Fees:
Term of Agreement: 15 years
Franchise Agreement Renewal Fee: 5% of franchise fee
Contact Information for Computertots
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Computertots/Computer Explorers |
Phone Number: (281)256-4100 |
Computertots In the Press
No results at this time.Historical Expansion
In what year did Computertots begin operations? 1983
When did Computertots begin selling franchises? 1988
Year United States Canada International Corporate 2005 100 0 3 0 2004 89 0 5 0 2003 77 0 5 0 2002 90 0 8 2 2001 88 0 6 2
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Internet referrals, Safety and Security procedures
Marketing
National media, Regional advertising support
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.International franchise business owners required to buy multiple units/master licenses; 10% of all franchise business owners own more than one franchise location.
Number of employees needed to run franchised unit: 6
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes