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Kip McGrath Education Centres | Franchise Information

Business Type: Franchise
Investment Requirements:
Minimum Investment Required:
Liquid Capital:R200,000 or less;
Capital Investment Required: R200,000 or less;
Total Capital Investment Required:;

Financing Assistance: Yes
Training and Support: Yes

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Kip McGrath Education Centres Franchise Information:

Build a Brighter Future

Every child, teenager and adult has the right to reach their full learning potential.

Give your child the confidence to do their best at school by enrolling them in our private tutoring programs.

Study courses are motivating, fun and engaging!

PROFILE

KMEC is an established international franchise with an expansion rate of one new centre opening every thirteen days, on average. The International Head Office is based in Australia. It is a listed public company.

The franchise has been in operation for over 25 years and is represented by 680 centres in over 7 countries. There are 67 operational franchises in South Africa. The Head Office owns five of these centres.

We provide specialised tutoring in Reading (Literacy), Phonics, Comprehension, Spelling, English and Mathematics for school-going children between grades 1 to 10.

We also help higher learning students in:

- Mathematics - from Grade 1 to Grade 12, including the highest levels of mathematics.
- Study Skills - suitable for secondary students and above.
- Essay Writing - suitable for senior secondary students and above.
- Get Ready For School - suitable for 4 year olds.
- Little Learners Program - suitable for 5 and 6 year olds.
- Intelligence Development - thinking skills for students from the ages of 10 to 60 years.

In the classroom situation, we use a multi-media, rotational approach and make extensive use of audio and visual materials. The franchisor supplies audio-visual software, audiocassette tapes (converting to DVD), worksheets and 'in-house' textbooks.

We have on average, 120 learners enrolled in our centres at the peak period of the year, with our larger centres growing to over 350 students.

AVAILABLE LOCATIONS

- Johannesburg: Brakpan; Randfontein; 6 franchise areas in Soweto; All other townships

- Durban: Newton Park; All Townships

- Pretoria: Pretoria North; All Townships

- Cape Town: All areas (except Wynberg, Helderberg and Athlone)

- Port Elizabeth: All Townships

- All cities and towns in Rural SA still available (excluding East London, Bloemfontein (North), Port Shepstone, Nelspruit, Queenstown and George)

- Swaziland: Mbabane; Manzini

- Botswana: All cities

- Namibia: All Cities and Towns

- Zimbabwe: On hold until political / economic stability is evident

- Lesotho: Maseru

FINANCIALS

R160,000

The Full Size (City) operation costs R160 000

This figure is for a total turnkey setup and includes all upfront costs. It includes a furniture pack, a promotional pack, educational material, administrative and educational software, additional office furniture, computers, advertising costs for two months and some stationery.

The franchisee would also need to budget for travelling to and accommodation in Durban for the training period and would also need working capital for the first month or two of operation.

The investment for small towns and disadvantaged areas is R110 000 and R140 000 according to the potential.

Most franchises reach financial break-even by the third month.

Royalties: The royalties are a fixed monthly fee which grows on a sliding scale over the first two years of operation. Thereafter it remains constant.

In percentage terms, the AVERAGE franchisee pays in the region of 8% to 12% of turnover for royalties.

OTHER INFORMATION

FRANCHISEE PROFILE

- The franchisee must be a person who loves working and playing with children. A positive attitude and a buoyant, enthusiastic personality are more important to us than qualifications.
- A franchisee does not have to be a qualified teacher, but such a qualification will improve one's chances of success and of higher profitability.
- A mathematics qualification is not a prerequisite.
- We maintain a high level of professionalism. The tutors we select are experienced teachers with a nationally recognised teaching qualification.
- The tutors, like the franchisee, must have a genuine love and empathy for children.

TRAINING & SUPPORT
We offer our franchisees:

- A full training course (nine days), which includes all the educational and business aspects of the KMEC Centre
- Continuous supply of educational material at no cost
- All lessons are supplied in a numbered, graded system of tutoring
- We support franchisees by direct contact, newsletters, visits, conferences and workshops
- An opportunity to become an entrepreneur under the mentorship of an experienced, successful company
- A greater likelihood of success in business (80%)

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