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Computer Technology Franchise Review

Computer Technology Franchise Opportunity - Computer Technology Franchise Business for Sale

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Computer Technologys

Children’s Technology Workshop

children's technology workshop franchise Children’s Technology Workshop is a curriculum that empowers children to lifelong learning by having them embrace technology skills such as robotics, engineering, graphic design, video game design, animation and video production through facilitated play. Children gain knowledge and understanding of these 21st century skill sets by participating in seasonal camps, after-school workshop clubs, in-school projects, and through special events and birthday parties. The methodology is constructivist learning, pioneered and described by Dr. Seymour Papert, co-founder of the Artificial Intelligence Lab at MIT. A franchisee in North America purchases an exclusive territory with up to 600,000 in population. An international franchisee purchases an exclusive territory with, on average, 1.5 million people. Single & Multiple Unit Sales

BACKGROUND

Year Established: 1997
Year First Franchised: 2004
Franchised Units: 38
Company Owned Units: 1
Projected New Units (12 months): 24
States/Countries Registered In: U.S. states where CTWorkshop is registered include California, Florida, Michigan, Illinois, Maryland, Minnesota, New York, Virginia, Washington, and Wisconsin. We are not yet registered in Hawaii, Indiana, North & South Dakota, and Rhode Island. We will register in any state we are currently not registered in should we receive an appropriate qualified lead. Internationally, we are in China, Hong Kong, Malaysia and Singapore and are prepared to look at any country locale where it makes economic sense to establish a franchisee.

FINANCIAL/TERMS

Cash Investment for Single Territory in North America: $81,000
Cash Investment for Single Territory Internationally: $131,000
Total Investment in North America: $110,000
Total Investment Internationally: $140,000 to $200,000 with the higher number reflecting establishment of permanent fixed facilities
Minimum Net Worth: $500,000
Franchise Fee: $25K + $25K Software License Fee = $50K
Discounts: None offered at this moment
Royalty: 6%
Software/Curriculum/Product License/R&D: 8%
Market Fund: 3%
Average # of Employees: Over life of franchise could end up with 30-40 part-time staff.
Passive Ownership Allowed: Not in the first year of the franchise. After that an owner can step back from daily activity.
Earnings Claim: Not yet.

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