This special FDD Talk series will highlight the financial performance representations of over 20 Children’s franchises, with a cross-analysis of the featured franchises to be published at the end of the series.
Highlights of FasTracKids’ Item 19 Financial Performance Representations (2012 FDD) – Part 2
Tuition Based on Franchisee Receiving $20/hr
FasTrack Signing
- Tuition Based Upon $20/hr: $200 for 10 week program
- Recommended Registration Fee: $50
- Tuition and Registration Fees: $250
- Total of Royalty and Participation Fees Paid to Franchisor as a % of Tuition and Registration Fees: 12.5%
- Adjusted Gross Margin as a % of Tuition and Registration Fees: 87.5% ($218.75)
FasTrack Music
Tuition Based Upon $20/hr: $960 for 12 month program- Recommended Registration Fee: $200
- Tuition and Registration Fees: $1,160
- Total of Royalty and Participation Fees Paid to Franchisor as a % of Tuition and Registration Fees: 12.5%
- Adjusted Gross Margin as a % of Tuition and Registration Fees: 87.5% ($1,015)
FasTrack Tots
- Tuition Based Upon $20/hr: $960 for 12 month program
- Recommended Registration Fee: $100
- Tuition and Registration Fees: $1,060
- Total of Royalty and Participation Fees Paid to Franchisor as a % of Tuition and Registration Fees: 12.5%
- Adjusted Gross Margin as a % of Tuition and Registration Fees: 87.5% ($927.50)
FasTracKids
- Tuition Based Upon $20/hr: $3,840 for 24 month program
- Recommended Registration Fee: $200
- Tuition and Registration Fees: $4,040
- Total of Royalty and Participation Fees Paid to Franchisor as a % of Tuition and Registration Fees: 12.5%
- Adjusted Gross Margin as a % of Tuition and Registration Fees: 87.5% ($3,535)
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