Young Rembrandts
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Young Rembrandts is an art education methodology focused on fostering children’s overall brain development. Through more than 75 franchise locations worldwide, Young Rembrandts students are not only learning to draw and mastering artistic concepts; studies show that by participating in a right-brain activity using a left-brain methodology—as they do in the Young Rembrandts program, children develop their “whole” brain, and build on the classroom skills critical to academic and life-long success.
Named ‘Best in Category’ by Entrepreneur magazine and #2 overall for children’s enrichment programs, Young Rembrandts is the original, most recognized, and most respected art enrichment program in the United States. Young Rembrandts is a home-based business, offering franchisees a flexible, family-friendly lifestyle as well as substantially reduced initial investment costs.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
69 |
77 |
76 |
| | % Change | -- |
11.6% |
-1.3% |
| | Company-Owned |
1 |
0 |
0 |
| | % Change | -- |
-100.0% |
-- |
| | Total |
70 |
77 |
76 |
| | % Change | -- |
10.0% |
-1.3% |
| | Franchised as % of Total |
98.6% |
100.0% |
100.0% |
Investment Required
The fee for a Young Rembrandts franchise is $31,500. In some circumstances, a “Silver Franchise” is available for an initial fee of $28,500. Additionally, there is a reduced fee for previous franchisees and veterans.
Young Rembrandts provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| |
Initial Franchise Fee |
$31,500 |
$31,500 |
| |
Office Equipment and Computer System |
$3,300 |
$4,000 |
| |
Expenses While Training |
$700 |
$1,700 |
| |
Miscellaneous Opening Costs |
$1,000 |
$2,000 |
| |
Initial Inventory of Art Supplies |
$500 |
$1,000 |
| |
Initial Inventory of Marketing and Promotional Materials |
$450 |
$800 |
| |
Liability Insurance |
$300 |
$1,100 |
| |
Additional Funds (3 Months) |
$2,500 |
$6,500 |
| |
Total Initial Investment |
$40,250 |
$48,600 |
Ongoing Expenses
Young Rembrandts franchisees pay a monthly royalty fee of 10% on first $75,000 in gross revenue and 8% of gross revenue in excess of $75,000 and a National Marketing Fee of up to 2% gross revenues, minimum $35 per month. Additional fees include a Proprietary Software Maintenance Fee.
What You Get—Training and Support
Young Rembrandts provides a thorough one-week initial training, including topics such as hiring staff, training staff, proprietary software use, sales and marketing strategies, attaining accounts, and how to teach the Young Rembrandts Method and Curriculum.
Franchisees are provided with all the materials needed, including copyrighted curriculum that exceeds US National Arts Education Standards and teacher-training materials. An online site is provided with online enrollment functions, a student gallery, and class locator. Professional and customizable marketing materials are available for all touch-point and sales needs, and Young Rembrandts runs a thorough national advertising campaign.
Territory
Young Rembrandts grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Top 100 Franchises publication.
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