Q. What are the startup costs, and what do they include?
A. Currently, the range of investment is from $605,700 to $819,900, which includes the $50,000 in initial franchise fee and $25,000 in training assistance fee. Please see our Franchise Disclosure Document (FDD) for a complete breakdown of the total investment and details. Franchisees will need a minimum of $250,000 in liquid assets and minimum of $1,000,000 in net worth. Learn about our investment requirements.
Q. How big is the ideal school?
A. Typically, we want you to have between 7,000 and 9,000 square feet with adequate parking and drive-by traffic. We have specific site criteria to help you evaluate real estate that would be a good fit for your Education Station location. Inquire today.
Q. How long does it take to open?
A. You should be able to open in 6 to 18 months, depending on how quickly you find real estate, whether it is a pre-built space or not, plus pre-opening training and launch marketing for pre-enrollment. Inquire today.
Q. Do I have to be early education certified as an owner?
A. No, but we do want our owners to be actively involved. Almost every franchise owner will hire a certified educational director, along with a team of teachers and aides. As owners, we want you to focus on developing the community within the school, creating a strong working culture, trust with parents, and managing your team. Learn More.
Q. Can I own more than one school?
A. Yes. We believe some owners will operate multiple schools. We offer discounts on initial franchise fees for owners who commit upfront to additional schools. Inquire today.
Q. How many employees are needed to operate the business?
A. That would depend on the number of children enrolled in your school. Typically, between 15 and 30 employees, depending on enrollment, the number of classes for each age group, and enrichment programs offered. Learn More.
Q. How much will the school make each year?
A. Terrific question! We’re glad you want to know and understand your Return on Investment! We will share our Financial Performance Representation, called Item 19, in our Franchise Disclosure Document. That highlights affiliate performance and history and can be a helpful tool to help you evaluate the revenue and earnings potential for your Marigold Academy center. Inquire today.
Q. What kind of training can I expect as a franchise owner?
A. We are 100% committed to your success. Training is an integral part of Marigold Academy. The hands-on training program will be held in one of our corporate locations in North Jersey as well as your center over three weeks. We will train up to two (2) people, and at least one owner and the managing director must attend. Once the center is open, the franchisee will receive ongoing support.