Young Rembrandts obtained its commence in 1988 when Bette Fetter, a mom of three, commenced instructing drawing expertise to preschool aged youngsters. Fetter created observe that pals ended up looking for art classes for their younger kids and finding that the classes did not exist in their region. Currently being a watercolor artist herself with a diploma in studio art, Fetter felt that she was a lot more than certified to commence an art method for youngsters. Soon after a number of many years, she was able to advance the courses from preschool to age groups 3-5 a long time and then to six-twelve yr olds. Her plan was eventually taken into parks, day care centers, and after-school applications. Youthful Rembrandts commenced franchising is 1997 and by 2009 had 72 US primarily based franchise units. They are presently searching for franchisees throughout the world and unique territories are accessible. The standard territory consists of approximately 50 elementary universities and/or a population assortment of 400,000 to 600,000.
The franchise price for a new Youthful Rembrandts franchise ranges from $28,500 to $31,five hundred based on area. There is also an ongoing royalty charge of 8-ten%. The complete start off up expense for a new franchisee is $39,900 to $49,600. The Young Rembrandts franchise does not allow for funding of the startup expenses and they require a minimum amount income liquidity necessity of $75,000. It is not needed for a franchisee to have an artistic track record or schooling, but it is vital for an owner to have enterprise capabilities like, but not constrained to, marketing and advertising, income, presentation, and administration experience. In purchase to obtain results with Younger Rembrandts or any other home primarily based franchise, an operator ought to posses persistence and insight into interpersonal relations.
Youthful Rembrandts is a home based franchise and absentee ownership is not permitted. It is estimated that 2-twenty personnel are essential to operate every single unit. The parent firm supplies a five day introductory training course at its headquarters in Elgin, Illinois. They also offer advertising assistance and co-op advertising.
Cautious consideration need to be taken prior to embarking on a franchise possibility. Becoming “plugged in” to a very good method does not guarantee outcomes and for most new franchisees, the start up costs symbolize a substantial portion of price savings, even however it may possibly be regarded a “lower expense” franchise chance. The new franchisee is generally seeking flexibility of hrs and some level of time freedom, but achievement in a new company this sort of as this will need a tremendous volume of time and vitality, specially in excess of the very first few a long time. I would inspire any prospective franchisee to look into all company opportunities, such as individuals on the web, prior to committing to a new franchise.