Start a Young Rembrandts Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $45K - $53K

Units as of 2022: 55 43% over 3 years

Young Rembrandts is a company that teaches children between the ages of 3 and 12 how to draw. Teachers teach students how to draw different things each lesson. Students will build upon their learned skills as they progress with Young Rembrandts.

The Young Rembrandts company began in 1988 and started franchising in 1997. They have more than 75 franchise locations around the U.S., with a corporate office in Elgin, Illinois. In addition Young Rembrandts has a handful of locations in Canada and throughout the world.

Why You May Want to Start a Young Rembrandts Franchise

Franchisees operate their Young Rembrandts franchise from their home and host courses at various venues around the community, such as at a school or community center. Franchisees will employ part-time teachers to lead the Young Rembrandts courses. Here, teachers will teach the principles of drawing using a specific curriculum and a step-by-step teaching process. Students have the option to learn in-person, live online, or with on-demand classes catering to the varying needs of all students and their busy schedules.

A Young Rembrandts franchise gives franchisees a turn-key home-based business. Once purchased, franchisees will complete a comprehensive and thorough introductory training, which allows you to start working directly upon completion. You will have access to the Young Rembrandts intranet library, complete with training, marketing, and business tools. Franchisees also have access to teacher preparation materials that will help to educate their part-time teachers.

The company provides you with easy-to-use web monitoring and personal target management tools to run your business. The Young Rembrandts franchise will train you to use its patented job management and scheduling tools to develop your company. If you are an entrepreneur who wants to impact the lives of children through art, then this is the franchise business for you.

What Might Make Young Rembrandts a Good Choice?

To open a Young Rembrandts franchise, you should make sure you're financially ready for an initial investment that will include a franchise fee and other potential startup fees. If you need financing, you can get help with the franchise fee through a third-party finance company. Still, you'll want to make sure you have enough capital available to cover potential fees. These might include predetermined royalty fees, advertising fees, and potential renewal fees.

With your investment, you will receive training from the Young Rembrandts franchise support system. Young Rembrandts delivers a devoted trainer and personal business advisor to each new franchisee, helping them meet personal and financial goals. The Young Rembrandts company will also help with a website, local mini-site, social marketing, advanced and personalized marketing materials, and various other marketing resources.

How to Open a Young Rembrandts Franchise

As you decide whether you wish to open a Young Rembrandts franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. If there are multiple other art studios geared towards children in your area, then opening a Young Rembrandts franchise in that location may not be the best option.

To open a Young Rembrandts franchise, fill out the request form. A representative may contact you to get to know you better and tell you more about the opportunity. If both parties are interested after initial contact, a Young Rembrandts franchise representative will take entrepreneurs through the franchising process, including a discovery day with Young Rembrandts executives. Finally, you may sign a franchise agreement before beginning to mold young minds through art classes.

Company Overview

About Young Rembrandts

Industry	Children's Businesses
Related Categories	Children's Enrichment Programs: Miscellaneous, Miscellaneous Children's Businesses, Tutoring, Children's Enrichment Programs: Art, Children's Education/Enrichment
Founded	1988
Leadership	Bette Fetter, President/CEO
Corporate Address	23 N. Union St. Elgin, IL 60123
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest, TikTok

Business Overview

Franchising Since	1997 (27 years)
# of employees at HQ	16
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	55 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Young Rembrandts 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.	$39,500
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.	$45,455 - $53,235
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.	$100,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$40,000
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.	10%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%
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.	10 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.

Third Party Financing	Young Rembrandts has relationships with third-party sources which offer 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.

On-The-Job Training	11 hours
Classroom Training	35 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing

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	2-20
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