The standard Education franchise in the U.S. costs $123,000 for a single franchise. The Education industry is one of the fastest growing sectors in the U.S. The industry itself is valued at over $2 trillion with over 1.4 million businesses. A standard education franchise should expect between $120,000 and $180,000 in sales the first year alone. By year three sales should be between $180,000 and $302,000. Be sure to check out all of these metrics on the Vetted Biz Education Profile.
The Goddard School charges both premium royalty and marketing fees. The royalty fee is 7% of gross sales and the marketing fee is 4%. A Standard royalty fee is 5% and marketing is 3%. While the Goddard School has above average fees the brand and success the company has makes it a desirable franchise.
A similar education brand is Childrens Lighthouse Schools. Childrens Lighthouse is a competitor of the Goddard School with 49 franchised and 0 corporate owned locations. The royalty fee is on par with the Goddard School at 7% of gross sales and has a slightly less expensive marketing fee of 2%. However, the initial fee for a Childrens Lighthouse is quite expensive coming in at $70,000.