2. The Goddard School is an early childhood education provider with more than 500 franchised Schools in 37 states and hundreds of markets, including the Atlanta, Boston, Chicago, Houston, New York City, Philadelphia, Portland, and St. Louis markets. Goddard Systems, Inc. (GSI) franchises The Goddard School from its headquarters in King of Prussia, Pennsylvania.
If you lease the school facility and the landlord constructs the improvements, the total investment necessary to begin the operation of The Goddard School franchise is from $818,300 to $1,090,100 for a school and from $390,650 to $670,950 for an associated satellite school. This includes $259,000 to $283,000 that must be paid to the franchisor or affiliate for a school and $61,250 to $67,750 for an associated satellite school. If you purchase the land and build the school facility, the total investment necessary to begin the operation of The Goddard School franchise is from $3,844,300 to $7,360,100 for a school and from $3,416,650 to $6,940,950 for an associated satellite school. This includes $259,000 to $283,000 that must be paid to the franchisor or affiliate for a school and $61,250 to $67,750 for an associated satellite school.
Royalty Fee for a Goddard School Franchise is 7% of Gross Receipts of the School. If you are an existing franchisee purchasing an additional (new) franchise for a reduced initial license fee, the royalty fee is reduced during the first year of operation of the new School to 2% of Gross Receipts for months 1-3, 4% for months 4-6, and 6% for months 7-12. The Marketing Fund Marketing Fee is 4% of Gross Receipts, including the Gross Receipts derived from any Satellite Location or Annex, per month.
The Median Revenue for a Goddard School Franchise in 2021 was $1,669,054 while the EBITDA was $321,938.
Over the last three years, the company has been expanding. While they have no company-operated units, franchising units have increased. Over the last three years, franchises have opened at a rate of 30 units a year.