|
Why is it called "Ho Math and Chess?
"Ho Math and Chess," a registered trademark of Ho Math and Chess Learning centre. Ho Math and Chess was founded by a Canadian certified math teacher, Frank Ho, who was inspired by the intriguing relationship between math and chess when he started to teach his son Andrew chess at the age of 5. His son later became a FIDE chess master and the youngest Canadian Junior Chess Champion at age 12. After doing research and finding out that no math and chess integrated workbooks were available on the market, Frank decided to take the initiative to publish his own math and chess integrated workbooks and integrate them into the math curriculum at his learning centre.
Ho Math and Chess is trademarked with Frank's last name to acknowledge the heritage of Ho Math and Chess and also its founder's vision and teaching philosophy initiated by Frank Ho. "Ho" itself reveals the story of how and why Ho Math and Chess was started, much like the story of how Kumon (A Japanese surname) Math and Reading was created.
"Ho" can be traced to the root of being a Chinese surname but its original pronunciation in Chinese should be more sound like "her" instead of "ho". There are also many variations of English spelling on this one of the most popular Chinese surnames. Only ignorance toward other people's culture and disrespectful attitude will play a role in mocking the surname "Ho" as being part of Ho Math and Chess Learning centre's trademark.
Today, Frank Ho continues to teach students and update the demand-driven workbooks himself, from first-hand feedback. The name "Ho Math and Chess" represents the history, philosophy and vision of the learning centre founded by Frank Ho over 10 years ago..
Today, Ho Math and Chess is a global business. With more and more franchisees from around the world adopting the Ho Math and Chess vision, increased recognition of the trademarked name, the reputation of Ho Math and Chess is growing into a world-renowned and established education learning centre.
Ho Math and Chess invented Ho Math and Chess Teaching Set and it is being sold worldwide carrying the brand name "Ho Math and Chess".
Ho Math and Chess represents an unique teaching method and brings an innovative teaching pedagogy to the fundamental mathematics teaching.
After using Ho Math and Chess workbooks, children start to realize that math is not only about computation, but also more to do with information processing.
Why buy a franchise in child education?
The Wall Street Journal recently ranked Child Learning and Computer Centers as the #1 type of franchise, as forecasted by annual growth. If one were to buy a business, it is a good idea to buy a recession proof business with no inventory to carry and no expensive equipment to buy. Education franchise is one of them - it does not matter how bleak the economic outlook, parents would still spend disposable income on children's education, it is an investment for their future.
Facing the ever increasing high standard of universities' and private schools' entrance requirements, lots of parents no longer consider tutoring as a luxury but often a necessary expense in lending a helping hand to their children. Parents start to think getting more help in tutoring is much like taking extra soccer lessons : one is more for brain exercise and the other is more for physical exercise.
The learning centre is a growth building business and it is born out of children's needs. It fills the gap where the regular education system is unable to achieve. The learning centre helps children explore their potential and challenge their abilities and makes them understand that extra hard work is paying off for them when their marks are increased - no sweat, no pain, no gain.
How can I tell if a learning centre is a good one?
Many of our students enrolled in Ho Math and Chess Learning Centre, stayed long enough to see their tutors grow grey hair and we saw them grow taller than us. The main reason is we have the best teaching method and materials in town. The student turn over rate is a good indicator to tell how well the learning centre is being run. Very high percent of our students pre-register our fall courses before they go on vacation in the summer. How do we get our students? We get lots of students by word of mouth.
Most founders of franchised learning centres do not teach themselves at all. I taught math and created materials myself and I know the tutoring market first hand. I take pride in saying that I could tell how our mathematics materials are different from other learning centres' materials by analyzing in depth. For example, I could discuss in details how our "fractions chapter" is written in a way differently from others and the reasons behind it. I do not just state that we have an unique teaching material, I could go over with you chapter to chapter and let you see the difference.
How to decide if a learning centre is a good one? Study the indicators as I mentioned above like student's turn over rate, ways of getting students, teaching materials, founder's philosophy in teaching, teacher's qualifications, and the qualities of students, classroom environment etc.
Why buying a specialized math learning centre is a good choice?
If buying children-education franchise is a good choice when buying a franchise then buying a math tutoring business is like getting a niche market in children-education franchise business.
I have been in tutoring business for over 10 years and have also personally taught from grade 1 to grade 12 math for over 10 years. I have lots of insights to offer.
The math subject is a required subject from grade 1 to grade 12, there are no other subjects having this kind of requirement, not physics, not chemistry, not English.
Why students transferred to Ho Math and Chess from other centres?
Ho Math and Chess is the only organization in the world started offering math and chess program at the same site and has the teaching material which combines math and mathematical chess puzzles all in one. Chess is a brain exercise game and with it in the classroom, it enhances student's interest in learning math.
I have analyzed other learning centres' business models and studied their teaching materials for years and watched carefully how they operated and also asked their students' and parents' responses when they transferred to our learning centres. Very often I heard students transferred from other learning centres to us making comments like the following:
- The materials are mostly just drill and drill. There are very little problem-solving contents.
- The tutor did not really teach other than just marked materials and my mom had to teach me.
- I could not even get help on my homework since the tutor taught in lecture style.
- They charged much higher price per hour and we could not afford to go there for too long.
- The materials are boring.
How is Ho Math and Chess different from others?
To open a learning centre is not as easy as to just buy math workbooks from bookstore and rent a place and hang a learning centre sign - the is the fast way of wasting money, time and energy. To run a successful learning centre, the followings are very important ingredients for success:
1. Identifiable brand with visionary philosophy
We have a very clearly Identifiable and well-known "Ho Math and Chess" brand name (search keyword "math and chess" to find out) that is to use chess as a teaching tool in learning math. This philosophy has been thoroughly researched in the past with very encouraging results and also have been well documented by researchers and teachers. Children learn best while having fun.
There will be no arm twisting to convince parents on the philosophy why choose Ho Math and Chess learning centre other than gently remind them to browse through www.mathandchess.com for more details.
2. Unique sellable product
We have a very unique product - Chess and Mathematical Chess Puzzles. This product is copyright protected by law and it is so unique that anyone copied it without my authorization would be very visible due to its contents - no one has ever created it other than Ho Math and Chess founder Frank Ho.
It is very possible one could start a Ho Math and Chess learning centre and it gradually becomes the best place to learn math in its territory due to the unique concept of learning math and also is backed up by a wonderful workbook.
3. Consistent and systematic teaching method.
We have Ho Math and Chess Method© so that at each centre the teaching method is consistent and systematic from centre to centre worldwide. The methodology has self-built in checks on every page so that parents know exactly what has been taught in the class every time student goes to the learning centre. This teaching methodology is just wonderful and powerful.
Do not buy a learning centre franchise which does not have the above very distinguishable characteristics.
Why should I buy Ho Math and Chess, not others?
A very good question asked. There are already some established franchised learning centres on the market now. So why would it still be a good idea to buy a franchise from us?
I have analyzed and classified learning centres into 2 major categories: the general one and the specialized one. The general one offers courses from math, physics, SAT, English, TOEFL, GRE to martial arts. We all know the consequence is none of these generalized learning centre will survive too long and the reason is simplly because they spead their resources too thin. The survival rate for the specialized one is higher like math learning center.
The biggest problem is their materials are basically just drill, drill, and drill. They only give out loose sheets every time (some parents could just buy material and teach at home if the entire workbook is given out.). The truth is they do not rely on teacher's teaching at all but totally rely on children's self-learning by using repetitive worksheets with a small incremental knowledge of each problem on each worksheet. Some students get bored when working on tons of repetitive worksheets. They need to be challenged and their brains need to be stimulated by a variety of problems and this is where we come in to fulfill students' wishes.
I would actually say that the technique by designing the repetitive computation worksheets has one merit that is some children can increase their computation ability by repetitively doing it But the biggest drawback is since the tutor does not teach other than mark worksheets so the important part of math contents like problem-solving and geometry are almost non-existing in their material. For this reason, the important skills like logic thinking, analytical ability, visualization skills and pattern recognition are not learned by the drill method. I know these shortcomings of drill method and that was how I got my business started by offering problem-solving contents to students.
So I knew there is room for another type of specialized math learning centre to grow. However If I only have the competitive edge of offering problem solving teaching then there would be no point for me to franchise since there would be many copycats all over.
Nowadays, To offer learning center franchising, it means there must be an indentifiable, marketable, brand name, proprietary product with effective and interesting contents. We have got this kind product. This is the main reson that we are to franchise now. It takes over 10 years of devotion to fine tune my mathematical chess puzzles to the stage that I am ready to offer it to the world, The teaching material is copyright protected and all the ideas of how to create math and chess worksheets orginated from me. We have got an identifiable, unique, and sellable math product that no others have done.
Many specialized math learning centres out there use loose math worksheets produced by some teachers who have been teaching in that learning centre. The owner collects all of them together and proclaims they have the most effective teaching material. Caveat emptor, do not buy any franchise like that. We put some of our worksheets on web and you could download or see them right in front of you.
We have created a product that is different from others and our material is superior in quality and unique and truly effective. This is the most important differential factor that we are different from others. I personally believe we will succceed because of our teaching material and teaching method.
We do not charge thousands of franchise fee or take away more than half of student's fee monthly. We cut out all personnel's expenses and seek expert's help only on contract basis. This has enabled us to offer you probably the lowest franchise fee you would ever pay.
We want to grow with you by increasing the number of franchises. We are not interested in charging big lump sum of franchise fee others would charge.
Why is the mathematical chess puzzle material so unique?
We have lots of elementary students and also high school students. These special materials do attract more elementary students coming to our centre than going to others. With the same dollar amount paid, parents now-a-days, are looking for extra competitive edge and quality teaching for their children when searching for a learning centre and we offer these extra advantages like:
We teach, not just mark materials.
We teach problem-solving skills, not just drills.
We have unique teaching material using chess as a learning tool and it is more interesting from children's prospective. Some contents of out math materials are at the math contest level.
Further, with all the above extra advantages, our fee is not higher but very competitive given the quality offered.
The most important is once we get these elementary students enrolled, we would like to build long term relationship with them and they stay with us until they graduate from high schools. We build a steady pool of elementary school students who would like to stay with us for long term.
We are not in a business to get some students by giving them the first good impression but then they are gone in a month or 2. What interests us the most is how we go about doing a good teaching so that they are willing to stay with us for long term. The good teaching means we have the right, high quality and unique workbooks, excellent teachers, consistent teaching method with built-in checking system, and very reasonable fee.
What can Ho Math and Chess do for me that I can't do for myself?
Excellent question, why buy a Ho Math and Chess franchise and what unique is about Ho Math and Chess? How about go to the bookstore and buy some math workbooks and then set up a learning centre myself? Why buy Ho Math and Chess franchise, not other franchised learning centre?
My honest answer is Ho Math and Chess has a product that others do not have. Our chess material incorporated mathematical chess puzzles are copyright protected and originated and created by Frank Ho. There are no other places where this kind of teaching is offered. Vancouver Ho Math and Chess learning Centre is the first in the world where integrated math and mathematical chess puzzles are offered.
Be very caution when buying other franchised learning centres, do they have a very unique math product to offer?
Your attention should be first to discriminate the contents of the material. This is very important. Our material has evolved over the past ten years and is the world leader in developing the mathematical chess puzzles. Our material is uniformally formatted and professionally created with years of real teaching experience and fine-tuned to match students' diversified backgrounds. If some one is paid with Canadian $50,000 a year for 10 years to develop the entire set of workbooks and field-tested, the salary cost alone would be $500,000.
Is your workbook a niche product and can we sell it?
Mr. Frank Ho invented the copyrighted Symbolic Chess Language (SCL - patent pending) and he also created the world's first math and chess integrated workbook using SCL. There are many unique computation formats and ideas in the workbook, which are originally designed and created by him. This is a proprietary product and is copyright protected. No one else has ever created such a product for students from kindergarten 1 to grade 7 for the purpose of learning math and chess together. Form the product's view it is a niche marketing product - unique and in demand with specific targeted customers. These workbooks have been proven statistically significant in raising students' math marks and improving their problem-solving and critical thinking ability.
We offer the reprint and resale rights to franchisees in their protected territories, it means none could sell the product other than the franchisees in the protected territories.
The franchisee can purchase one master copy of our materials and then the franchisee has the reprint and resale right to sell this workbook and keep the profit 100%. What a deal.
You set the market strategy, the product price and you sell the workbook in an exclusive and protected territory with no one competing with you. You can apply your own knowledge and instinct and generate as much as sales as you want and keep 100% of the profits yourself by selling our workbooks and also keep the tuition revenue 100% coming from your own business.
Unique product + reprint right + resale right + teaching revenue + protected territory + international exposure = high growth potential.
What is Ho Math and Chess' s privacy policy?
Ho Math and Chess will not sell, lend, or share your personal information without your agreement.
Why Ho Math and Chess decides to franchise now?
Quite frankly, I see our Ho Math and Chess system is far superior than any other learning centre's on the market today. We do not have many of our students going to other learning centres but we have lots of students transferred from others to us by word of mouth.
I have a dream of integrating the mathematical chess puzzles with mathematics, I later developed the first generation of mathematical chess puzzles in 1997 and this was world first since I could not find any other similar materials at all after I did extensive research attempting to find one. There is one entitled MATHEMATICS and CHESS authored by Miodrag Petkovic but I do not think it is suitable for elementary students.
At the end of 2003, I started to create the second generation of math and chess material. In 2004 summer, I was teaching chess, puzzles and science camp at St. Georges Summer Camp in Vancouver, Canada. When I witnessed children told their camp leader they did not want to leave the classroom when the class was over since they had not finished the chess and math puzzles problems, I was very much surprised. I realized that my second generation of mathematical chess puzzles have gotten student's undivided attention and I have created some very unique materials that no others have done.
I started to teach my son chess when he was 5 years old and at that time I asked a simple question. The question was why there are no materials kids could work on if there is such a close relationship between chess and math? Searched with fruitless result, I was intrigued and had a dream to create one.
Now, my dream has finally been fulfilled. This is such an emotional and exciting period in my life that I have accomplished it and I am very proud to share it with you. My thinking of selling franchise is to say that I enjoy sharing my result with you and also hope you would like my idea.
How do you feel the successful rate?
You will succeed if you do not think of just making money. This is a true story of myself when I first started the Vancouver Ho Math and Chess learning centre. I did not start with the idea of making money, I treated it as something I have passion to do and only hoped to make it profitable so that I could continue to run it. I was very honest with parents and with tutors and they could actually "see" it, the word of mouth got my business going. I worked very hard to create the Math Contest Preparation when our MathCounts team was not allowed to compete.
You will succeed if you are a hard working and honest person with good communication skill, charge a reasonable fee and hire excellent tutors and finally use my material and Ho Math and Chess teaching system.
The reason of using my material is very simple but the difficulty is most people do not understand it. Check many learning centres, you will find lots of them do not teach math below grade 3 and many tutors also do not teach elementary students. Why? The reason is it is difficult to find a very good teaching material.
What math do you teach to a grade 1 kid in 2 hours of tutoring every week? This is why chess is good teaching tool in this case, it is an excellent teaching aid and it adds lots of interest in solving math problems. I target international chess, not Chinese chess, not go. The reason is international chess could be taught at any countries and there are many well run international chess competitions too.
How much is the total investment needed?
Currently, there is no initial franchise fee, no monthly royalty/per student, no monthly franchise fee charged. We only charge a flat nominal annual nominal fee for each location and the franchise is territory protected.
If you are interested in securing a major city location then you must act fast. Once the major city territory is allocated, then the opportunity is gone.
How much do I charge each student?
We suggest you go along with your local market condition. Normally the fee in Vancouver could range from $15 to $45 per student per hour with 4 to 6 students per class.
What qualifications are you looking for?
We particularly are interesting in candidate(s) processing the following qualifications:
- High integrity. We value this very highly.
- Owner of a learning centre but does not currently offer any mathematics courses.
- Love working with children and is interested in teaching mathematics and chess.
- A good communicator with logic mind.
- Has a degree in science.
- Interested in growing the learning centre to be a full-time career.
- Be able to communicate in English fluently.
Exceptions to the above qualifications deficiency can be made when a candidate possesses extraordinary experiences and other special abilities.
What kind of support and training does Ho Math and Chess provide?
We want you to succeed. We will endeavour to help whatever we can. We will provide you with the following support:
1. Training is provided at Ho Math and Chess headquarter free of charge if the franchisee pays transporation and room and board. Alternatively, we would help you through e-mails, fax, or web conference with no charge at our best effort condition.
2. You would be provided with our unique workbooks at wholesale prices.
3. You would be provided with Math and Chess teacher's guide using Ho Math and Chess Method©. The teaching system is very well structured and consistent from teacher to teacher.
4. Your location will be advertised at the Ho Math and Chess headquarter web site www.mathandchess.com. All locations must be approved by Ho Math and Chess to protect territories.
5. You get to use the consistent trademark name "Ho Math and Chess" Learning Centre in your business to attract more students.
6. We help you in marketing plan and will mention your location whenever we advertise.
7. Assistance in setting up all necessary operations and business forms required to run a successful learning centre. Assistance in getting chess and puzzles teaching business at schools.
8. Continued updates and revisions to our proprietary materials.
How many students do I need to make a profit?
If you already own a learning centre then the breakeven point annually is more or less the annual franchise fee paid to the franchisor. If you have 3 students and each is charged with US $33 per week then for a month (4 weeks), you would get roughly US $500.
Is the Ho Math and Chess franchise a locked-in business?
If you are not committed the learning centre business for long term, the we would suggest you not get into this business. The learning centre business is built on word of mouth in the long run so the long term commitment with the franchisor and the long lasting harmony relationship building with local community are essential.
The initial franchise license is one year but you are not locked in. If you could not really make the business viable, then we do not really want you to stay with us. We want someone who is genuinely interested in children education and is willing to work hard to make it a successful career.
What is the requirement to buy suppplies through the franchisor?
The Ho Math and Chess franchisee only requires to use Math and Chess workbooks as the core teaching material for teaching math from kindergarten, grade 1 to grade 7. These workbooks could be sold to students.
I own a language learning/computer centre, can I buy the franchise?
We like to be in partnership with existing learning centres where no math courses are offered (or any learning centres who are not doing well in math.).
Many people got the wrong impression in thinking to open a learning centre is the easiest way to get into self-employed business - no inventory to buy, low start-up costs (only need to buy chairs and tables.), not a 9 to 5 job etc., how wrong it is. In the past 10 years, I have seen many newly opened learning centres gone bankrupt in a year or 2 in Vancouver.
I am a math teacher with no capital to set up a storefront place, what can I do?
If you do not already own a non-math learning centre yourself then we would suggest you the following model which might work to a win-win situation for you and the other party.
You approach all non-math learning centres (or any learning centres who are not doing well in math.) in your city to negotiate a deal. The possible deal could be you use the facility of the language learning centre for free and you teach math. The net income is then split 50% between you and the learning centre. All expenses are also shared based on 50% split.
In any case, you need to purchase Ho Math and Chess franchise and then incorporate it using Ho Math and Chess name to build a reputation in your community. The agreement would be signed between your Ho Math and Chess franchise and your local learning centre. The franchise deal would be signed with you after you close the deal with your local learning Centre. Your local learning centre may allow you to hang a visible Ho Math and Chess sign at the location.
Is Ho Math and Chess franchise territory protected?
Yes, each Ho Math and Chess franchisee's territory is designated based on the city geographical boundary. For example, the capital city of Ecuador is Quito, you could obtain a franchise for Quito city and we will not franchise to another franchisee in Quito.
The franchisee annual flat fee is charged on each designated location within protected territory allotted. So each Ho Math and Chess franchisee is territory protected and the license fee is charged on each location within the protected territory.
Our territory protected policy does offer the advantage to whomever comes first to join our company. For example, If the city Sao Paulo in Brazil looks like a good territory for Ho Math and Chess franchisee business then it is the advantage to someone who has the foresight to take the first step to secure our franchise for that city.
What is the business plan?
Why your franchise fee is so low?
Normally purchasing franchise is a major financial investment, not so with Math and Chess franchise. We are able to offer you such an incredible deal is because we do not hire a group of highly-paid executives so we could lower our overhand substantially. We also intend to handle franchise applications by means of internet and telephone communication, it means you'll money.
The way we franchise our business is a radical departure from the traditional offering. One of the most important reason of why we are different is is explained below.
Out franchise models, as described below, do not need any site inspections from us, this is both time and cost savings. We want to grow the number of franchisees so more students could benefit from our extensively researched and uniquely created mathematical chess puzzles products.
What is your business model?
The franchise business model we envision would work for you are three conditions: the first one (called Math Model) is to add the math and chess teaching onto your existing business so it incurs no additional costs. The other model (called Chess Model) is to offer chess and mathematical chess puzzles to schools within the protected territory, you pay no additional franchisee fee for this Chess Model if the territory protected franchise fee is paid.
The Math Model will emphasize mathematics teaching using Ho Math and Chess full set of teaching materials. The Chess Model offered to school will emphasize chess teaching using only the Ho Math and Chess mathematical chess puzzles workbook as the teaching material.
In Vancouver, Canada, both models are working very well. The Vancouver Ho Math and Chess Learning Centre is using the Math Model and only offers courses after school, namely starting from 4:30 p.m. and weekends. St. George's Summer program is a typical Chess Model, where only chess and mathematical chess puzzles are offered in their summer programs.
The third model is Chess Store. This opportunity is to open a chess store at the site of learning Cenre to bring more traffic to the learning centre and also to promote the education of chess.
A franchisee could offer both models (or possibly three) simultaneously as described above locally to build good relationship with the community. A separate not-for-profit organization may be set up to run school lunch programs at schools.
Which business model should I choose?
My experience shows with chess integrated into math, it gives parents an advantage of buying two products (chess and math) but paying one fee. With the additional idea of having a problem solving workbook then parents actually are paying one fee but kids are learning 3 subjects. This model works very well if parents and kids do not have high expectation on chess learning curve but treat it as a learning tool of supplementing math curriculum.
It works extremely well with young kids since with 2-hour of teaching, some kids could get bored by sitting there doing math for 2 hours. With chess workbook and problem solving workbook integrated, kids would have the chance of learning something else other than computations. This is how we strive and how we are able to point out the difference between "other learning center" and Ho Math and Chess.
Our model is unique in a sense we successfully produce the material which actually integrate chess with some math problems in a logic way. I have seen a math book which has chess problems in it but it is just that with pure chess problems. So this is how we are able to franchise our mathematics teaching idea. This is also the reason we are able to attract lots of young kids to our centre. We also have older kids as well, but we do not really integrate any chess into their material, the main purpose is to get their marks high if that is what they want.
Our concept and idea is good and parents embrace it. We also are able to point out how chess taught at local chess club is different from ours - we offer more knowledge product with higher quality since we integrate math into chess.
If you already have a learning centre, then my idea is you could use our Math Model to expand the business primarily from grade 1 to grade 7 and we have the set of material developed to market those grades.
If you are teaching chess then the Chess Model could be used as added value for your teaching, since you could continue to do whatever you are doing but using our approach and material to gear toward lower grades. My chess material also has puzzles in it, so the material really is an integration of chess, math, and puzzles. It also makes a very good quality learning attraction for summer program.
How to teach students who are solely interested in learning chess?
If the students are seriously in learning chess and perhaps going for competition then you could hire a chess coach and teach "pure" chess at your center too. Normally if the students are only interested in recreational chess then it is a good idea to place him in the math and chess mixed class.
Does Math and Chess offer training course for franchisee?
Math and Chess will train tutor as many hours as the tutor requests at Canadian $30 per person per hour at Math and Chess headquarter located in Vancouver, British Columbia, Canada. The franchisee pays all costs of transportation, accomdation, food costs. The training session could be a few hours or a few days depending on the tutor's needs. Normally a minimum of 15 hours is recommended if the tutor has no knowledge of how to play chess.
Do you offer detailed cost and benefit analysis?
The franchise business model is straight forward and not complicated, it is easy to implement and the cost analysis is so simple that there is no need to give a detailed analysis.
Can I make a franchise offer now?
Yes, the most important is you have to take the first step to contact us so that at least we know you are interested. We will make this a win-win situation.
Ho Math and Chess franchise is a very unique opportunity for the right person(s) to conduct a highly respected and very valuable profession. The window of opportunity is now open worldwide but once the territory is assigned then the opportunity is lost. We are seeking well-qualified persons who love working with children to join our group.
Does Ho Math and Chess offer financing?
We do not currently offer financing to franchisee since our business model is to build on existing learning centres to add extra values.
If you do not own a learning centre then we encourage you to approach other learning centres in your area to "rent" classrooms form them or simply split the 50% of net income without paying rent. With our suggested business model, you do not need equipment, expensive lease, or real estate fee up front.
What is the term of the Franchise Agreement?
The initial term is for one year, after which the agreement may be renewed for additional one year or years. Renewal is subject to our approval.
Is it possible to secure more than one location?
Yes, you can have as many locations as you'd like in one city as long as you pay franchise fee for each location. Alternatively you can have as many cities protected territory as you would like as long as you pay the franchise fee for each city. Once you pay the franchise fee for that city then you secure the franchise for that city.
Is there any advantage to make a franchise offer early?
Yes. Since the territory protection is based on first-come-first-get basis. You want the location of a major city then it might be your advantage to apply for it at your earliest convenience to secure the franchise lincense for any major cities.
Can I sell my Ho Math and Chess franchise?
Yes. A successful Ho Math and Chess franchise business is like an asset, you can sell your franchise to a buyer approved by Ho the Math and Chess Headquarter.
What is your game plan (growth strategy)?
As you probably are very aware that we conduct our franchise plan in a very unconventional model. If you try to sell franchise through many franchise brokers with hundreds of thousands of franchising fee spent then think about for a moment, where does this money come from? Most are borne by the franchisees's upfront fee. This is not the franchising model we are aiming for.
Some of you may suspect because we are not as established as others that is why we are charging cheap. Okay, I agree it is human nature to think that way, but remember we all grow from small in the beginning. So check us out and think about it - do we have the potential to grow to be a heavyweight one day? Is it really true when charge a very small fee just because we are not as well established as others? Read more below to see why we charge a small fee.
I have contacted by some franchise brokers and they told me that we could and should charge more based on our potential business model. Check it out on the internet and you will find that there are also other learning centers trying to do the same but their fees are no comparison to us. The most important, quite frankly, is you should look the business potential and the product.
Our game strategy is try to build a global presence in a very short time by using our unique mathematical chess puzzles product to penetrate the learning center market. With nominal annual fee charged and the selling of material, the purpose is to make it much easier for you to build a sustainable and long lasting business. So this is the fundamental reason why we are charging a small fee for our franchise - we are trying to build the global presence in a very short time.
We have a very innovative product and with hundreds of already published research papers to conclude that chess is good for children, there is really no selling pressure for you to convince parents why chess is good for kids. The problem is there is no math and chess integrated product on the market for parents to buy so their children could work on chess and math together. We invented the product and created worksheets. We have found and created a niche market and we are trying to take the initiative to establish the market lead.
We are forging the specialized math learning center franchise business with a unique product and incredible franchise fee. Our strategy is to market our franchise globally with obiqutious product which has an uniqueness with richer contents.
If we succeeded in implementing our game plan then you might kick yourself on missing out this great opportunity. You could have bought one franchise with nominal annual fee from us in your home town.
|
