Drama Kids Franchise
Saturday, April 24, 2010 at 01:00PM Drama classes for children
In 1979, teacher Helen O'Grady began offering after-school drama classes to children in Perth, Australia. The positive response from both parents and students convinced O'Grady to open more studios. By 1987, she had opened 24 locations around Perth, operating under the Helen O'Grady Children's Drama Academy.
The company began franchising in Australia in 1989 and first offered international master licenses in 1993. In 2000, the company began operations in the United States as Drama Kids International.
Drama Kids franchise business owners offer children age 5 to 17 drama classes at schools, community centers and churches. The program runs on a 40-week school year basis, made up of a single hour-long session per week. Each year ends with a performance for family and friends.
Start-up Costs & Franchises Fees
What is the total cost to open a Drama Kids Franchises?
Total Cost: $36,200-$43,200
Total Franchise Fees: $27,500
Ongoing Royalty Fees: 10%
Ongoing Advertising Fees:
Term of Agreement: 5 years
Franchise Agreement Renewal Fee: $2K
Contact Information for Drama Kids
|
Drama Kids International Inc. |
Phone Number: (410)480-2015 |
Drama Kids In the Press
No results at this time.Historical Expansion
In what year did Drama Kids begin operations? 1979
When did Drama Kids begin selling franchises? 1989
Year United States Canada International Corporate 2005 28 0 114 1 2004 26 0 101 2 2003 24 0 93 2 2002 18 0 95 4 2001 12 0 86 6
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No 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
Training
1 day of regional training plus annual conference
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.0% of all franchise business owners own more than one franchise location.
Number of employees needed to run franchised unit: 2
Absentee ownership of this franchise business is not available to new franchisees.
Qualifications & Business Experience
Business Experience:
General business experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
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