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Young Rembrandts Franchise Costs, Fees & Profits

Young Rembrandts Franchise Costs, Fees & Profits (2024)

Here’s what you need to know if you’re interested in opening a Young Rembrandts franchise.

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KEY FRANCHISEE INFORMATION

Here are the most important stats to know for franchisees.

NUMBER OF LOCATIONS

45

INITIAL INVESTMENT

$46,000 – $54,000 

ROYALTY FEE

up to 10%
revenue

REVENUE PER YEAR

$150,000

Young Rembrandts is an art education franchise that originated from a simple yet noble goal: to teach children how to draw. The founder, Bette Fetter, started the program many years ago as a gift to a friend’s children, recognizing the lack of art instruction options compared to sports offerings. This humble beginning, with just eight children around her kitchen table, evolved significantly over time.

After 13 years of operating in the Chicagoland area, Young Rembrandts transitioned into a franchise organization in 2001. This move allowed the program to expand its reach and impact, working with tens of thousands of preschool and elementary students and employing thousands of instructors committed to fostering young children’s drawing and learning skills.

Headquartered in Elgin, Illinois, Young Rembrandts has grown into a well-respected name in children’s art education, with a presence in multiple countries and a mission to enhance the educational experiences of children through art.

Number of locations

TOTAL UNITS
45
FRANCHISED UNITS
44

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Initial investment

INITIAL INVESTMENT
$46,000 $54,000 

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Franchise fees & Royalties

ROYALTY FEE
up to 10%

Initial Franchise Fee

The Initial Franchise Fee for a standard Gold Franchise is $39,500, due at the time of signing the Franchise Agreement. For a Silver Franchise, available in limited areas, the Initial Franchise Fee is set at $35,500.

Royalty Fee

Royalty Fees are calculated at 10% on the first $75,000 of Gross Revenues annually, from September 1 through August 31, and 8% on any Gross Revenue exceeding this amount. Gold Franchisees are subject to a minimum monthly royalty of $250 for the first and second year, $400 for the third and fourth year, and $500 for the fifth to tenth year and all subsequent renewal terms. Silver Franchisees have a slightly lower minimum monthly royalty structure.

National Marketing Fee

Franchisees are required to contribute up to 2% of Gross Revenues towards the National Marketing Fee, which is currently set at 1%, with a minimum monthly contribution of $35.

Technology Fee

An annual Technology Fee of $250 is charged to cover the costs associated with technology development and access to specific technology tools.

Transfer Fee

A Transfer Fee of $10,000, in addition to any applicable broker fees, is required before the transfer of the franchise can be finalized.

Renewal Fee

Upon the renewal of the franchise agreement, a Renewal Fee of $2,000 is payable.

Additional Training Fees

Should additional training be required, a fee of $3,000 is charged per trainee beyond the first two trainees within the initial two years of the franchise agreement.

Profits

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How to apply

1. Understand the Young Rembrandts Franchise

  • Learn about Young Rembrandts’ mission, teaching methods, and the impact on children’s development.
  • Familiarize yourself with the franchise’s history, proven business model, and success stories to ensure alignment with your personal and business goals.

2. Evaluate the Investment and Benefits

  • Consider the startup costs, which are designed to be low to ensure accessibility for potential franchisees.
  • Review the benefits such as a flexible schedule, work-life balance, the opportunity to work from home, and the support provided by a team of professionals.

3. Contact for More Information

  • Reach out to Young Rembrandts to express your interest and gather more information. This can be done through their website or by contacting the Director of Franchise Development directly.

4. Receive Comprehensive Training and Support

  • Once part of the Young Rembrandts franchise, you will receive detailed training and ongoing support in areas such as marketing, sales, curriculum development, and teacher training.
  • This support is aimed at helping you build and grow a successful business that makes a positive impact on children’s lives.

Disclaimer

Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

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