FasTracKids
Eduards Filippovs
Total investment:
€ 48,117
Franchise fee:
€ 27,000
Royalty fee:
12,5%
Marketing fee:
0,05%
Number of franchises
Return (ROI)
Time period
MAIN INFORMATION
Year founded: 1998
Franchising since: 2014
Company units: 1
Franchise units: 265
Total number of units: 266
Number of employees per unit: 3
Contract period: 60 months
FasTracKids International offers an enrichment education system for children ages 6 months to 8 years, using a variety of multi-sensory programs.
FasTracKids Latvia has a Master Franchise licence in the territory of Latvia. Together with FasTracKids International they provide innovative, proprietary early learning programs to young children and has grown to a presence in 45+ countries through its international franchisee base. Independent research shows that FasTracKids International programs deliver excellent results in key learning areas and high satisfaction rating (95+%). Found in over 265 licensed locations, FasTracKids serves more than 120,000 children annually.
FasTracKids franchisees come from a diverse background; however, the selection process seeks candidates with:
good business acumen
strong financial skills
a passion for child hood education
the ability to build strong relationships
Individuals need the capital for the initial investment and a minimum of three months of operating expenses.
Operational training
Staff training
Newsletter
Meetings
Grand Opening
Internet
Field Operatio
Advertisement fee – 0,05%
Locations average 185 m2 (2000 sq ft) and typically found in a retail setting
Number of total units: 265 (0 company owned units + 265 franchise units)
Length of franchise agreement (in years): 5
Return on Investment (in months): 6-24
Number of employees in 1 unit: 2-3
Eduards Filippovs
Languages:
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