DIGIKIDS
DIGIKIDS is an affordable, low-overhead, home-based business helping parents protect their children. The DIGIKIDS Child ID Program is the most advanced and effective child ID program available today, and is offered at business-sponsored safety events, schools and preschools. It only takes about two minutes to set up for each child, and the completed IDs are available immediately. DIGIKIDS patent-pending software cannot create a database, and nothing is ever taken offsite to process.
DIGIKIDS franchisees have the opportunity to launch their new business with proven marketing systems, the benefits of a nationally recognized trademark, proprietary patent-pending software, group purchasing power, thorough training and exceptional ongoing support. DIGIKIDS is the ideal franchise opportunity for franchisees looking for a unique home-based business with the potential to earn a great income while a positive difference in your community, DIGIKIDS is the ideal franchise opportunity.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
30 |
28 |
13 |
| | % Change | -- |
-6.7% |
-53.6% |
| | Company-Owned | 0 | 0 | 0 |
| | % Change | -- |
-- |
-- |
| | Total |
30 |
28 |
13 |
| | % Change | -- |
-6.7% |
-53.6% |
| | Franchised as % of Total |
100.0% |
100.0% |
100.0% |
Investment Required
The franchise fee for a DIGIKIDS franchise is $29,900. DIGIKIDS also offers an area development agreement with a $50,000 fee for a five-unit area, $85,000 for a 10-unit area, and $120,000 for a 14-unit area. The numbers below reflect the expenses for a regular DIGIKIDS franchise.
DIGIKIDS provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| |
Initial Franchise Fee |
$29,900 |
$29,900 |
| |
Travel and Living Expenses during CPE |
$500 |
$1,200 |
| |
Furniture or Fixtures |
$0 |
$500 |
| |
Utility Deposits, Phone, Internet Access |
$0 |
$300 |
| |
Equipment, Opening Inventory |
$200 |
$800 |
| |
Insurance Deposits |
$0 |
$500 |
| |
Professional Services, Background Investigation, Merchant Account |
$200 |
$1,500 |
| |
Technology Fee |
$510 |
$510 |
| |
Additional Funds (3 Months) |
$1,000 |
$5,000 |
| |
Total Initial Investment |
$32,310 |
$40,210 |
Ongoing Expenses
DIGIKIDS franchisees pay monthly royalty fees of $125 to $525 and a local advertising fee of the greater of 2% of monthly gross revenue or $100 per month. Additional fees payable by the franchisee include a technology fee of $85 a month and a brand building fund fee.
What You Get—Training and Support
Initial DIGIKIDS training includes two days of classroom instruction and actual hands on experience at a Child Safety Event, if there is one taking place in the training area. On request DIGIKIDS can also be on hand to assist in the opening and operation of a new franchise, including assistance with the first child safety event. DIGIKIDS franchisees are provided with a complete computer, equipment and start up package including a large inventory of DIGIKIDS ID Kits, an initial customer list, and an automated advertising campaign setup.
On-going support from DIGIKIDS includes providing updates and support for the DIGIKIDS Data Collection Software program. DIGIKIDS also provides proprietary award-winning marketing and promotional material, and supplies complete, pre-packaged ID and promotional kits, with the ability to restock from the DIGIKIDS online store at the franchisee’s convenience.
Territory
DIGIKIDS grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Hottest New Franchises publication.
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