2/10

Franchimp Summary Rating

2 /10
Higher than 88% of peers

Franchise Summary

Description
The Reading Readiness Center is a franchise focused on early childhood literacy, providing children aged 3 to 7 with essential reading and writing skills through engaging and interactive methods. It features a structured curriculum, qualified instructors, small class sizes, and encourages parental involvement, all aimed at fostering a love for reading and preparing children for academic success.
Corporate Structure
We are a California limited liability company, organized on September 3rd, 2020, for the purpose of offering Reading Readiness Program franchises. We do not operate a business of the type being franchised, but our affiliate does. or engage in any other business. Our principle business address is 4790 Irvine Blvd. Suite #105 576, Irvine, CA 92620. We have offered Reading Readiness Program franchises since October 19th, 2020. We do not offer franchises in any other line of business. Our agent for service of process in California is Nabila Rangoonwala whom can be reached at 4790 Irvine Blvd. Suite #105 576, Irvine, CA 92620. Our agents for service of process in other states are disclosed in Exhibit B
Investment and Franchisee Fees
The total investment necessary to begin operation of a Reading Readiness Program is $73,800 to $142,500. This includes the $35,000 that must be paid to the franchisor.

FAQ

How much investment do I need to start my own Reading Readiness Center business?
Franchisees typically require at least $73 to $142 investment to get their Reading Readiness Center business started
What are the initial franchise fees for Reading Readiness Center?
Franchisees typically need to pay at least $35 in fees directly to Reading Readiness Center in order to earn the right to launch their business
How much money can I make with a Reading Readiness Center franchise? What are the average revenues for a typical Reading Readiness Center business?
We haven’t done the math on how much revenue a typical Reading Readiness Center brings in each year. We estimate that other franchisees in the Education & Arts industry generate $805,794 revenue, so we would expect Reading Readiness Center to generate a similar amount
How long do I need to commit to running a Reading Readiness Center unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

2 /10
The Franchisor's investment costs ranges from $656,400 to $1,729,500 which is Much Higher than the $0 to $0 average in the Education industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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