Start a Parker-Anderson Enrichment Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $46K - $141K

Units as of 2024: 16 20% over 3 years

Since its founding, Parker-Anderson Enrichment has sought to become a leader in after-school enrichment. Working under the motto "Fun Comes First," founders Jamie Anderson and Josh Parker built a company that offers a wide variety of enrichment classes under Parker-Anderson Enrichment's innovative program.

With its headquarters located in Van Nuys, California, Parker-Anderson Enrichment has expanded to include other states since beginning to franchise in 2014. If you enjoy encouraging children to explore the world around them, then a Parker-Anderson Enrichment franchise may be just for you.

Why You May Want to Start a Parker-Anderson Enrichment Franchise

Parker-Anderson Enrichment offers a complete after-school program to busy parents and schools. The focus is on giving children a rewarding, enjoyable program of classes. Amongst the subjects that children can study are science, cooking, technology, robotics, and many more.

As well as in-person classes, a Parker-Anderson Enrichment franchisee will oversee online courses, camps, and birthday parties. To operate a Parker-Anderson Enrichment franchise, you do not need a physical location, as you can utilize schools and other public venues to operate.

Parker-Anderson Enrichment hires the instructors and runs comprehensive background checks on them. Every day, a franchisee will be expected to meet specific maintenance objectives, achieve growth objectives, and participate in hands-on activities.

What Might Make a Parker-Anderson Franchise a Good Choice?

A good candidate for a Parker-Anderson Enrichment franchisee is someone who loves working with kids. They will wholeheartedly believe in the basic philosophy of the franchise, which states that learning is fun. Anyone who works for the Parker-Anderson Enrichment team needs good communication skills, is not afraid of hard work, and shows empathy.

Opening a Parker-Anderson Enrichment franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

Parker-Anderson Enrichment has been ranked in Entrepreneur's Franchise 500 multiple times in recent years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

How To Open A Parker-Anderson Enrichment Franchise

To be part of the Parker-Anderson Enrichment team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for the existence of ongoing fees that will include royalty fees and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

Parker-Anderson Enrichment gives its franchisees and group instructors full support and training. The company has developed a website that franchisees may find invaluable. A Parker-Anderson Enrichment franchisee can run almost all aspects of the business and receive all necessary training through the website. Franchisees will also receive training in sales, and instructors also have access to training videos.

When determining if Parker-Anderson Enrichment is a good fit for you, you should prepare a list of questions. Parker-Anderson Enrichment will be happy to answer them in your journey towards opening your own Parker-Anderson Enrichment franchise.

Company Overview

About Parker-Anderson Enrichment

Industry	Children's Businesses
Related Categories	Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Education/Enrichment
Founded	1986
Leadership	Josh Parker, CEO
Corporate Address	16526 Arminta St. Van Nuys, CA 91406
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	2014 (10 years)
# of employees at HQ	15
Where seeking	This company is offering new franchises throughout the US.
# of Units	16 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Parker-Anderson Enrichment franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$25,900 - $35,900
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$45,506 - $141,120
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$200,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$100,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	8%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	5 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Parker-Anderson Enrichment offers in-house financing to cover the following: franchise fee

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training	33-52 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	1-4
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes