The Goddard School franchise was founded in 1983 by Lois Goddard Haines in an effort to better the lives of children and their families who required childcare.
The Goddard School was founded in 1983 by Lois Haines, with an effort to lives of children of a better life and their families who required childcare. The Goddard School is an early childhood education provider in the nation, It has 400 franchise schools in 35 states and 100 of markets.
Each GIS is independently owned and operated by Franchise method, These franchises are received training at Goddard School’s corporate office in King Of Prussia, Pennsylvania before starting the school franchise.
Contents
#1. Goddard School Franchise Opportunities
Look for goddard school franchise opportunities; To Start Franchise of Goddard school, you will get much support for the franchise.
- Site Selection for good location
- Support for set up
- Our Team to help
- Real Estate & Construction
- Finance support
- Training support
- Operational help
- Education training support
- Quality Assurance
- Marketing, Advertising & PR support
- Information Technology support
- Educational Advisory Board
- Leadership Team provide
#2. Goddard School Franchise Cost
While starting franchise you should look for goddard school franchise cost The minimum requirements for opening a Goddard School franchise:
- Goddard School License Fee: $135,000
- Minimum Investment Required: $712,800- $786,100 total
- Minimum Cash: $150,000
| Estimated Investment Cost | ||
| Name of fee required for | Low | High |
| Initial Franchise Fee | $135,000 | $135,000 |
| Initial Training and Opening Assistance Fee | $35,000 | $35,000 |
| Initial Advertising Contribution | $50,000 | $55,000 |
| goddard school franchise Site Development Assistance Fee | $30,000 | $30,000 |
| Background Check (up to four individuals) | $3,000 | $5,500 |
| Convention Deposit | $1,000 | $1,000 |
| Land Acquisition Cost – Optional | Varies | |
| Building Construction and Site Work – Optional | Varies | |
| Furniture, Fixtures, and Equipment | $157,000 | $197,000 |
| Marketing Materials, Stationery, Forms, and Curricular Resources | $18,700 | $24,500 |
| Signs | $10,500 | $10,500 |
| Computer Hardware, Telephone, Interactive White Board and Digital Signage Package | $21,000 | $21,000 |
| goddard school franchise Security System | $11,000 | $11,000 |
| Miscellaneous Opening Costs | $73,000 | $113,000 |
| Three Months’ Rent | $49,800 | $74,900 |
| Advertising Contribution – 3 months | $10,500 | $10,500 |
| Additional Funds (3 months) | $48,300 | $90,600 |
| ESTIMATED TOTAL | $653,800 | $814,500 |
Other Fee/Cost
| Other Fee | |
| Type of Fee | Amount |
| Royalty | 7% of Gross Receipts of the School; The royalty fee is reduced during the 1st year to 2% of Gross Receipts for months 1-3, 4% for months 4-6, and 6% for months 7-12, if the franchisee is an existing franchisee purchasing an additional (new) franchise for a reduced initial license fee |
| Advertising Contribution | $3,500 (subject to inflation adjustments), or 4% of Gross Receipts, including the Gross Receipts derived from any Satellite Location or Annex, whichever is greater, per month. |
| Telephone Charges | Telephone services Cost |
| Local Advertising, Marketing, and Promotion | The franchisee’s cost. |
| goddard school franchise Financial Statement Audit | The franchisee’s accountant’s fees for audited financial statements. |
| Audit Expenses | Cost of audit including the charges of any independent accountant and the travel expenses, including food, transportation and lodging, and compensation of the franchisor’s employees. |
| Late Reporting Fee | $250 for each and every failure and/or refusal to comply plus $100 per day beginning on the third day. |
| Transfer Initial Training and Assistance Fee (on-site field and technical) | $10,000, subject to an annual increase of 10%. |
| Transfer Initial Advertising Contribution | The initial advertising contribution then required of buyers of existing Goddard Schools, currently $15,000, or a different amount if so stated in the transferring franchisee’s agreement or the franchisor’s assessment of the School’s needs. |
| Transfer Fee and Sales Commission | $5,000 transfer assignment fee; 7% sales commission. |
| Transfer Security Deposit | $5,000 |
| Background Check Fee | The franchisor’s cost, which it currently estimates is $3,000 to $5,500 for up to four people, plus $1,500 for each additional person’s background check run at the same time; the cost may be less for existing franchisees or more due to international background investigations or other reasons. |
| goddard school franchise Director’s Training Fee | $1,000 – $5,000 |
| Conventions | Reasonable registration fee. |
| Interest on Late Payments | 1.5% per month or the maximum rate permitted by law. |
| Insufficient Funds Fees and Other Financial Institution Charges | The greatest of $30 or the amount imposed by the financial institution. |
| Insurance; Insurance Reimbursement | Policy cost plus a reasonable fee for the franchisor’s expenses if the franchisor obtains insurance. |
| Rent for Premises of School | Will vary under circumstances. |
| Maintenance/ Refurbishing/ Replacement | As specified. |
| Site Development Assistance Fee – Annex, Satellite Location, Relocation, Expansion | Up to the franchisor’s then-current site development assistance fee offered for new franchises for any relocation, expansion, Annex and material alterations of the School, and up to 25% of the then-current site development assistance fee for its services in connection with any Satellite Location, including the development, any relocation, expansion and material alterations of a Satellite Location; the current fee for new franchises is $30,000 (resulting currently in a maximum fee of $7,500 for a Satellite Location) |
| goddard school franchise Computer and Telephone System Modifications and Enhancements System-Wide Fee and Individual Information Technology Maintenance and Support Services Fee | As specified. |
| Appraisal Fees | The cost of the franchisee’s appraiser and one half of the cost of any third appraiser’s fees. |
| De-Identify Premises | Costs plus reasonable administrative fee. |
| Litigation Expenses | The franchisor’s attorneys’ fees, court costs, expert fees and litigation expenses. |
| Taxes | Amount of taxes. |
| Late Crisis Notification Fee | $2,500 for each and every failure to notify plus $500 per day beginning on the second day. |
| Indemnification | Amount of loss or damages plus costs. |
#2. Goddard School For Sale
Goddard school for sale; Once you contact Goddard school for more information, the support team will reach out to give a solution to your initial question. After that, you can go next process:
- You will receive an email that from your goddard school franchise online application, the team will ask for background information, history, and financial information.
- Then you will meet with a franchise development manager who will provide you with all information, discloser document.
- Once you complete all procedures, then you will be invited to attend to franchise team at corporate headquarters, it gives the opportunity to meet up to people who will guide you when you become a franchise.
- Once they agree then moving forward would be mutually beneficial, with awarded a license to open Goddard School franchise.
- Then they will provide you series of training courses online at corporate headquarters to preparation of operate Goddard School Franchise.
- Once you complete the training, a member of goddard school franchise openings team will help to guide open your Goddard School.
