High Touch High Tech provides science enrichment programs aimed at making science education accessible to children regardless of background or ability. The franchise promotes interactive learning.
Key Insights
- High Touch High Tech began with a vision to make science education accessible and engaging for children, evolving into a well-established franchise with a dedicated following and a proven operational model. The business centers on delivering hands-on science programs that spark curiosity and foster a love for learning.
- The franchise operates by providing engaging, educational science programs designed for children in various age groups. These programs are delivered through mobile operations, bringing science directly to schools, community centers, and other locations, ensuring broad accessibility and convenience for families and institutions.
- The science education industry experiences consistent demand, driven by a growing recognition of the importance of STEM learning from an early age. The business is positioned within this sector, offering a unique approach that blends fun, interactive activities with educational content, meeting the needs of parents and educators alike.
Franchise Fee and Costs to Open
Exploring the financial picture of High Touch High Tech gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $62,750 - $69,000, along with a franchise fee of $52,500 - $52,500.
Financial Performance and Revenue
Yearly gross sales of $222,476 and estimated earnings of $31,147 - $40,046 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 2.4-4.4 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
High Touch High Tech provides comprehensive training and resources. Initial training lasts two weeks and takes place at our headquarters. We offer a robust operational manual and ongoing support. High Touch High Tech provides marketing materials and suggests best practices for business development. Resources include access to our proprietary curriculum and a network of experienced franchisees.
Legal Considerations
Legal considerations for a High Touch High Tech franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Franchisees may encounter challenges related to understanding and adapting to local educational trends and the competitive landscape of children's enrichment programs. Managing the operational intricacies of curriculum delivery, staff recruitment, and scheduling requires consistent attention. Furthermore, maintaining a reliable supply of program materials and equipment can be a consideration in ensuring smooth operations.
Franchise Datasheet
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