Education Franchise Opportunity

UNDERSTANDING YOUR POTENTIAL EXPENSES

Your Investment

Once you decide to embark on any new franchise business venture it is important to develop a solid business plan to help you estimate your potential revenues and expenses. In the table below we outline the standard costs associated with owning a Whizkids Franchise. Once you review the information,please give us a call at 1-647-748-7770 or Email us at:hr@whizkids.ca and we will be glad to help.

COSTS DUE AT SIGNING OF TRAINING AGREEMENT

Type of Expenditure Amount Method of Payment Payment Made To
Training Agreement Deposit Fee $500 Lump sum Whizkids

COSTS DUE AT TIME OF INSTRUCTOR DEVELOPMENT PROGRAM

Type of Expenditure Amount Method of Payment Payment Made To
Expenses while Training Instructor Development Program $3,500-$5,500 As arranged Airlines, hotels, restaurants, etc.

COSTS DUE AT SIGNING OF FRANCHISE AGREEMENT

Type of Expenditure Amount Method of Payment Payment Made To
Initial Franchise Fee $5,000 less the $500 Deposit Fee if you are obtaining your first Whizkids Center Franchise. Lump Sum Whizkids
Initial Purchase of Materials like instruction answer books, student achievement tests,student placement tests and promotional posters $1,000 Lump Sum Whizkids

COSTS DUE BEFORE OPENING

Type of Expenditure Amount Method of Payment Payment Made To
Architect design $1000 As Arranged Architect
Leasehold Improvements $30,000 As Arranged Contractor
See Notes
Furniture, Equipment, Primary Sign , Supplies $10,000 As Arranged Whizkids and Vendors
See Notes
Notebook Computer at Whizkids Centre $600-$2,000 As Arranged Vendors
See Notes
Professional Fees $1,000 As Arranged Accountant, lawyer
Liability Insurance $200-$575 Insurance agent/Company
Business License, Name Registration $100-$200 As required by law Local municipality, province
Business Phone Line and Internet Access $350 Lump Sum Local Vendor
Recommended Reading List $3,000-$4,000 As arranged Vendors
See Notes
Fingerprinting, Criminal Background Check, Vulnerable Sector Search $50-$150 Certified check or money order Local police station, criminal background agencies, RCMP

COSTS DUE AS REQUIRED BY LANDLORD

Type of Expenditure Amount Method of Payment Payment Made To
See Notes
Security Deposit, if Required $0-$8,000 As required by landlord Landlord
Rent $2,000-$4,500 As required by landlord Landlord

COSTS DUE 90 DAYS AFTER OPENING

Type of Expenditure Amount Method of Payment Payment Made To
See Notes
New Centre Marketing $4,000 As arranged Vendors

COSTS DUE AS ARRANGED

Type of Expenditure Amount Method of Payment Payment Made To
Payroll Cost for Assistants (3 Months) $1,600-$2,600 Check or payroll service Assistants
See Notes
Additional Funds (3 months) $6,000-$10,000 As arranged Vendors, utilities
See Notes

Total:
$60,000-$100,000