What It Takes To Own A KLA
The upfront capital investment needed to own a KLA School begins with $90,000. This amount consists of the funds to meet our Franchise Fee which is $70,000 and our Site Selection fee which is $20,000. The Site Selection fee is broken down into two payments, where $10,000 is paid at the signing of the Franchise Agreement and the other $10,000 is paid at the time of the signing of the lease or purchase agreement. The document below shows a breakdown of the total investment needed to franchise and establish your school. Please note that the provided price range does not include the purchasing of your site location and that price range may vary based on the market.
In need of support in financing? Don’t worry! As part of the Franchise Support we provide, we help you to obtain your financing through a financial
institution. While KLA Schools does not directly provide financing, we have extensive experience and a good working relationship with banks that will be
able to help you. KLA Schools Franchise is part of the SBA program which will also help with the financing process.
To answer the question that is on everyone’s mind…What do the earnings look like for a KLA School?
Your earnings will depend on the size of your school...
– In 2014, for a “smaller” KLA school (one with capacity for 101 to 140 children), average gross revenue was $1,125,205 and average EBITAR was $301,011. 25% of our franchisees with smaller schools attained or surpassed this result.
– In 2014, for a “larger” KLA school (one with capacity for 141 and up children), average gross revenue was $1,834,704 and average EBITAR was $493,728. 66.67% of our franchisees with larger KLA schools attained this result.
– We estimate break even to occur 2 -3 years into the operation of your KLA.
When you come for your discovery day visit you will be provided with a printed copy of our FDD, which contains our Item 19 with further financial information for your review.
Please note that in preparing these figures, we did not include KLA Schools open for less than 18 months at January 1, 2014, KLA Schools that were not open for all of 2014 and KLA Schools that did not provide reliable data to us. Your financial results may differ from the result stated in this financial performance representation.
As a KLA Franchisee you can choose to be as involved in the schools daily operations as you choose. If you have experience and a background in the field of education and meet the needed qualifications, you may elect to hold a role such as a School Director or an Assistant Director. If you want a less involved role, you may chose be the on-site owner or operations manager that is involved with the schools daily operations and needs. Franchise owners can also chose to be an offsite owner where you oversee the operation of the school and your staff for a smaller scaled role. We will help you to find qualified personnel with the proper educational experience to staff your school, so whichever role you chose to hold, you can rest assure that your school will be operating with highly trained personnel in the field of Early Childhood Education.
Finding and Building Your School
When it comes to finding a location for your KLA School, there are several important factors to keep in mind in order to find the perfect site. The below info graphic will show you the site options and criteria for a KLA School. Our real estate team members are experts on not only site requirements but also finding the right market for a KLA School. Our team will travel out to the area/s that you are interested in opening your school and do a full market analysis to get to know and understand the area, demographics and competition. Once potential locations are found for your school you will be presented with different options for making your site selection. Once your site has been selected, we will work with you to secure your location and begin the construction process.
The construction process and timing will vary based on whether you will be retrofitting your site or constructing it from the ground up. If your site will be developed from the ground up, it can take 1 to 2 years to develop, and if you are retrofitting your site, it can take 6 months to 1 year. Weather and other factors can play a huge part in your schools construction, so these time frames are estimates. A project timeline will be established for your school at the beginning of the process with estimated dates of completions. The timeline will be modified and updated throughout the process to keep all parties on the same page and working on schedule.
Not familiar with construction? Not to worry, we will help you find a qualified contractor, assist you with permitting, building design and all other steps that are part of the process.