This Way to Opening a Primrose School
1
Say Hello
|
Chat with our Franchise Development team |
|
Schedule a Franchise Disclosure Document (FDD) meeting |
2
Study the Fdd
|
Review and then discuss our Franchise Disclosure Document with us |
|
Meet the development team |
3
Get to know us
|
Interview Primrose Franchise Owners about their experience |
|
Consult with outside financial sources and advisors |
4
Get to know you
|
Submit confidential evaluation and personal finance statements |
|
Background and credit checks |
5
Receive a gold star
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Final approval |
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Review franchise documents |
|
Sign franchise agreement |
6
Pick Your Location
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Start site selection with the real estate team |
7
Build, train,
ring the bell
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92 hours of interactive classroom training |
|
34 hours of online training |
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80 hours of onsite school training |
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6 months of pre-opening support |
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Ongoing support from our corporate Support Center |
Building Your Primrose School
Here is a breakdown of the total investment required to build and open a Primrose school. Franchise Owners who
plan to lease rather than build should see the lease option section below.
Lease Investment Option (Permanent Lease Program)
Category
|
Estimated Amount for a School - 2024
|
Initial Franchise Fee
|
$50,000 - $80,000
|
Real Estate Fee Deposit
|
$25,000
|
Balance of Real Estate Fee
|
$30,000 - $45,000
|
Security Deposit for Lease and Limited Rent Guarantee Fee
|
$15,000 - $125,000
|
Other Real Estate and Development Costs
|
$2,229,900 - $4,738,200
|
Utility Security Deposits
|
$10,000 - $30,000
|
School Equipment and Supplies
|
$222,000 - $340,000
|
Insurance
|
$5,000 - $10,000
|
Initial Training and Opening Support Fee
|
$35,000
|
Marketing, Advertising, and Grand Opening
|
$40,000 - $105,000
|
Transportation Vehicles
|
$900 - $42,000
|
Licenses
|
$4,000 - $7,000
|
Miscellaneous
|
$10,000 - $45,000
|
Financing Cost
|
$232,000 - $233,000
|
Additional Funds - 3 Months
|
$180,000 - $420,000
|
Total
|
$3,088,800 - $6,280,200*
|
Build-To-Suit Program
Category
|
Estimated Amount for a School - 2024
|
Initial Franchise Fee
|
$50,000 - $80,000
|
Real Estate Fee Deposit
|
$25,000
|
Security Deposit for Lease and Limited Rent Guarantee Fee
|
$15,000 - $250,000
|
Utility Security Deposits
|
$10,000 - $30,000
|
School Equipment and Supplies
|
$222,000 - $340,000
|
Insurance
|
$5,000 - $10,000
|
Initial Training and Opening Support Fee
|
$35,000
|
Marketing, Advertising, and Grand Opening
|
$40,000 - $105,000
|
Transportation Vehicles
|
$900 - $42,000
|
Licenses
|
$4,000 - $7,000
|
Miscellaneous
|
$10,000 - $45,000
|
Financing Cost
|
$55,000 - $75,000
|
Additional Funds - 3 Months
|
$180,000 - $420,000
|
Total
|
$651,900 - $1,464,000*
|
Investment Purchase Option (Real Estate Affiliate Development Program)
Category
|
Estimated Amount for a School - 2024
|
Initial Franchise Fee
|
$50,000 - $80,000
|
Real Estate Fee Deposit
|
$25,000
|
Balance of Real Estate Fee
|
$30,000 - $45,000
|
Other Real Estate and Development Costs
|
$4,760,600 - $6,959,500
|
Utility Security Deposits
|
$10,000 - $30,000
|
School Equipment and Supplies
|
$222,000 - $340,000
|
Insurance
|
$5,000 - $10,000
|
Initial Training and Opening Support Fee
|
$35,000
|
Marketing, Advertising, and Grand Opening
|
$40,000 - $105,000
|
Transportation Vehicles
|
$900 - $42,000
|
Licenses
|
$4,000 - $7,000
|
Miscellaneous
|
$10,000 - $45,000
|
Financing Cost
|
$258,000 - $310,000
|
Additional Funds - 3 Months
|
$180,000 - $420,000
|
Total
|
$5,630,500 - $8,453,500*
|
Site First Option
Category
|
Estimated Amount for a School - 2024
|
Initial Franchise Fee
|
$50,000 - $80,000
|
Real Estate Fee Deposit
|
$25,000
|
Security Deposit for Lease and Limited Rent Guarantee Fee
|
$125,000 - $150,000
|
Other Real Estate and Development Costs
|
$10,000 - $25,000
|
Utility Security Deposits
|
$10,000 - $30,000
|
School Equipment and Supplies
|
$222,000 - $340,000
|
Insurance
|
$5,000 - $10,000
|
Initial Training and Opening Support Fee
|
$35,000
|
Marketing, Advertising, and Grand Opening
|
$40,000 - $105,000
|
Transportation Vehicles
|
$900 - $42,000
|
Licenses
|
$4,000 - $7,000
|
Miscellaneous
|
$10,000 - $45,000
|
Financing Cost
|
$19,000 - $30,000
|
Additional Funds - 3 Months
|
$180,000 - $420,000
|
Total
|
$735,900 - $1,344,000*
|
*Up to a 15% cash injection is required. These figures are based on the Estimated Initial
Investment that is disclosed in Item 7 of our 2023 Franchise Disclosure Document. Your actual investment and
expenditures may vary considerably from these estimates based on many factors. Please see our Franchise Disclosure
Document for a complete understanding of what is included in these categories and the basis of our estimates.
We'll guide you toward financing.
To guide Franchise Owners through their financing process, Primrose’s Franchise
Finance Team maintains a group of National Preferred Lenders. Each of these Lenders provides market
leading financing alternatives to assist Franchise Owners with their current and future growth
strategies. Whether you have your own Lender or choose to work with one of our preferred Lenders,
Primrose’s Franchise Finance Team will strive to make the financing process seamless.
"They do provide you with the path, even to get your building financed."
Jana & Rick Radtke
Primrose Franchise owners since 2000