How much is a Kiddie Academy Franchise Cost ?
Kiddie Academy Franchise
“Are you a single or couple, and want to help your community as a nurturer as well as work as an entrepreneur? If your answer is ‘Yes’, then, opening a childcare school is the best option for you. Kiddie Academy Franchise is helping working-class couples who find it so hard to establish a balance between family and professional life. Kiddie Academy takes care of the children of working couples.”
Kiddie Academy is a child care cum educational institution where working-class couples entrust their children during working hours. The children feel comfort as well as care as if in their own homes. Kiddy Academy teachers and staff take care of them like parents and family. Single mothers, fathers, or couples feel free and secure to enrol their children under the care of Kiddy Academy.
About Kiddie Academy Franchise
The Kiddie Academy franchise was founded in 1981 by George and Pauline Miller. Pauline Miller was a mother and educator along with George Miller they opened the first Kiddie academy in Abingdon, Maryland.
The founders of Kiddy Academy LLC in late 1980 recognized the importance of Child care and decided to open such institutions to help the local community as well as entrepreneurship.
The company offered its first franchise in 1993 and expanded beyond Maryland. Since then, it has been rapidly growing and currently, Kiddie Academy has more than 300 franchisees in more than 30 states of the USA. And another 30 are going to be added by the end of 2022.
Several Academies of Kiddie Academy have been nationally accredited by the National Association for the Education of Young Children (NAEYC). The Kiddie Academy LLC has been ranking among the top 500 entrepreneurs for the last 20 years in a row.
Revenue of Kiddie Franchise
Kiddie Academy reported average gross revenue of $1.7 million in 2019 from 179 mature locations. An average gross profit was $454,668.
Below is the data of revenue collection for 3 years in a row and profit made by a franchisee-
| Average Gross Revenue | Average Gross Profit | Year |
| $1,709,196 | $454,668 | 2019 |
| $1,320,440 | $288,855 | 2020 |
| $1,632,080 | $384,090 | 2021 |
| $1,553,905 | $375,871 | Average of 3 years |
Kiddie Academy Franchise Cost
Kiddies Academy franchisor LLC franchises to the eligible people individually or with a group of friends, family or colleagues.
The interest candidates should have at least Liquid Capital: $250,000 (if leasing); $600,000- $750,000 (if purchasing). The net investment for a franchise is approximately $750,000 in case of leasing and $1 million in case of purchase.
Kiddie Franchise Initial Investment Details
Initial investment details of a lease property are as below-
| Name of Fee | Range of Amount |
| Total Initial Fee | $65,000-$145,000 |
| Lease Deposit | $20,000-$70,000 |
| Tenant Contributions for Improvements and Construction Soft Costs | Varies |
| Professional Fees and Loan Fees | $20,000-$215,000 |
| Kitchen Equipment and Supplies | $25,000-$30,000 |
| Supplies/Equipment for Inside of Academy, Playground and Online Training Component | $80,000-$130,000 |
| Outdoor Fixed Playground Equipment | $70,000-$185,000 |
| Computer Hardware and Software and Classroom Technology | $25,000-$50,000 |
| Office and Lobby Furniture, Office Equipment and Supplies, and Telephone System | $20,000-$25,000 |
| Indoor and Outdoor Signage | $25,000-$30,000 |
| Travel and Living Expenses While Training and Plan Review | $2,000-$5,000 |
| Transportation Vehicles and Equipment | $0-$10,000 |
| Insurance and Utility Deposits | $3,000-$5,000 |
| Business Licences | $2,000-$4,000 |
| Start-Up Marketing and Advertising Expenses | $35,000 |
| Additional Funds/Working Capital – 3 months after opening | $25,000-100,000 |
| ESTIMATED TOTAL | $417,000-$1,039,000 |
Estimated Detail of Purchase property as below.
| Name of Fee | Range of Amount |
| Initial Franchise Fee | $65,000- $145,000 |
| Real Estate Acquisition and Construction Costs | $3,085,000-$3,380,000 |
| Professional Fees and Loan Fees and Soft Costs | $225,000-$385,000 |
| Kitchen Equipment and Supplies | $25,000-$30,000 |
| Supplies/Equipment for Inside of Academy, Playground and Online Training Component | $80,000-$130,000 |
| Outdoor Fixed Playground Equipment | $105,000-$185,000 |
| Computer Hardware and Software and Classroom Technology | $25,000-$50,000 |
| Office and Lobby Furniture, Office Equipment and Supplies, and Telephone System | $20,000-$25,000 |
| Indoor and Outdoor Signage | $25,000-$30,000 |
| Travel and Living Expenses While Training and Plan Review | $2,000-$5,000 |
| Transportation Vehicles and Equipment | $0-$10,000 |
| Insurance and Utility Deposits | $3,000-$5,000 |
| Business Licences | $2,000-$5,000 |
| Start-Up Marketing and Advertising Expenses | $35,000 |
| Additional Funds/Working Capital – 3 months after opening | $25,000-$110,000 |
| ESTIMATED TOTAL | $3,772,000-$4,530,000 |
Kiddie Academy franchise Ongoing fee
Apart from investment, there are other fees that are mostly recurring after a regular interval. Other Fee Details are as below-
| Type of Fee | Amount |
| Royalties | 7% of gross revenues. |
| Brand Building Fund | 2% of gross revenues. |
| Right to Audit for Revenue Compliance | In case of underpayments of audit report, the franchisee pays underpayments+interest 2% or above as per law enforced. |
| Failure to Comply with Reporting and Records Requirements | $500 for each failure to comply. |
| Relocation of Kiddie Academy Franchise | $30,000 |
| Transfer (sale of assets of the franchised business from one or more individuals to an entity owned by the same individuals) | No Fee |
| Administrative Fee from Transferee (sale of business) | $25,000 - $50,000 |
| Referral Fee (sale of business) | $10,000 - $75,000 |
| Interest on Late Payments | Maximum rate allowed by law (or in the absence of such a rate, 1.5% per month). |
| Franchisee Training (at franchisor’s corporate office) | Training for up to two individuals for each franchisee is included. |
| Director Training (at the franchisor’s corporate office) | One training per year is included. |
| Background Check Fee | No Fee |
| Site Selection Fee | No Fee |
| Franchise Renewal Fee | No Fee |
| Fees/ Interest for Failure to Repair Academy | Repair costs plus 15% of the franchisor’s total aggregate expenses if it incurs an administrative fee. |
| Late Charge on Late Payments | 10% of the amount of each late payment. |
| Annual Franchisee Conference – every other year | $1,500 fee if franchisees do not attend at least once every other year. |
| Replacement of Manuals | $500 per volume if replaced in hard copy by the franchisor. No charge by the franchisor if replaced by a franchisee utilizing online access to manuals. |
| Liquidated Damages | 156 weeks of royalty fees and brand building fund fees. |
| Enforcement Costs | Reasonable costs incurred by the franchisor in enforcing the franchisee’s agreements. |
| Network Equipment | The franchisor’s cost to purchase and install the required network equipment, plus a 25% administrative fee. |
Kiddie Academy Franchise Training and Support
Kiddie Academy Franchisor LLC, provides support of Subject-matter experts to the franchisee partners. Thorough support on every step of the way from site selection to Grand Opening and beyond.
Site Selection Support
The franchisor's real estate team uses demographic and psychographic data along with years of commercial real estate experience to select the ideal site. A new Academy site can be purchased or leased.
Financing
Kiddies franchisor’s finance team helps in getting a loan from third-party banks or from local leaders. It also explains how to develop a loan package and business plan to get finance.
Construction
Franchisor’s team supports the franchisee’s academy construction. The team has experience in the construction of almost 300 sites.
Initial Support
The company provides training to franchisees at its headquarters in Maryland. The Director of the franchisee will learn all about the proprietary Life, Essentials curriculum and educational philosophy, and best operating practices.
Marketing
Localized support with the power of a national brand. The company also helps in marketing strategy and tactics to drive enrollment throughout the first year of operation and later on.
Support After Opening
Ongoing advice from our experts. Franchisor’s dedicated business consultant visits the franchisee’s Academy regularly and provides additional training and shares best practices in education, operations, and marketing.
How to Apply for Kiddie Academy Franchise
Kiddie Academy LLC's franchising process is very simple. There are two ways to connect to the franchisor.
1- Call on the Franchise Team contact number: 800-554-3343.
2-By submitting the Franchisee questionnaire on its portal.
Or By filling out this no-obligation questionnaire.
Below are given steps-
- Visit its official website https://kiddieacademy.com
- On the top of the home page, there are two tabs.1-Start an application and 2- Request Information.
- Click on either tab and fill in the details correctly, then submit
- The franchisor will review the application. After finding you as a potential franchisee, a member of the franchise sales team will contact you
- The franchisor will hold a one-to-one meeting and ask for document submission.
- After the document review, the franchisor invites us to visit its headquarters in Abingdon, Maryland.
- Signing of contract
- Site searching, financing, and planning.
- Construction of Academy and training of staff
- Grand Opening of Kiddie Academy franchise! The Franchisor informs the press for coverage.
- The ribbon cutting and celebration.
Conclusion : Kiddie academy franchise reviews
A Kiddie Academy is a school cum child care centre. Single working parents or couples entrust their children to a Kiddie Academy during working hours. By doing so, parents without worrying dedicate themselves to achieve success in their professional life.
As per experts, Educational Child Care is currently a $57billion industry and expected to expand to $62.1 billion in the next five years. Currently, In the USA, there are 30 million potential young children for Educational Child care. Kiddie Academy has as of now 300 Franchisees and is rapidly growing. Kiddie Academy's average gross revenue was $1.7 million in 2019 and an average gross profit of a franchise was $454,668. Therefore, having a Kiddie Academy franchise is really profitable.