Do you want to start a cyber security business by buying Guard a Kid franchise? If YES, here is how much it cost to open Guard a Kid franchise successfully. Inspired by his own children and his background in software engineering, Hossein Kasmai established Guard-A-Kid to offer technology-driven child safety products and education services.
Franchisees host safety education events at daycares, schools, and local businesses, offering parents the opportunity to buy Guard-A-Kid’s safety products, such as a child ID kit that includes both printed and digital child identification products.
Guard-A-Kid is generally a company providing children’s identification and safety products. It was established in 2003 and started franchising in 2005. Its main office is in Florida. It is a privately held company with six employees and two employees for the franchise department. It has more than 150 Guard-A-Kid franchises across the United States. The company innovated a state of art digital child ID system in 2004.
The best thing about having your own Guard-A-Kid Franchise is that you can operate it at the comfort of your home. You only require an investment capital of $19,900 for the franchise fee and other hardware that will help you deal with the people concerned.
The franchising fee, which is more or less lower than other businesses, will already include other software, equipment, and hardware to start your own business at home. Plus, you will no longer need to pay yearly royalty fees that usually cost more than your operating expenses.
Also note that for the initial package, the company will help you acquire at least 300 children on your watch. Other logistical needs will be offered to you once you qualified as a franchisee. With its state-of-the-art Digital Child Identification system, the Guard-a-Kid Franchising Corp. will help you offer a complete ID and safety package to all parents that want to ensure the safety of their kids.
Note that this includes a complete set of medical bracelets, child global positioning system, locators, and SmartID sticks that can identify missing children. By downloading all the IDs of the children in your database, parents will now have adequate assurance that their children can be recovered easily if ever they will go missing.
The database will offer you an idea about the complete profile of the child that can be submitted to authorities and help them trace the whereabouts of the kid. Note that Parents will be charged about $20 per child for the processing of the ID tags, a relatively small amount to pay for the safety of their kids.
Have it in mind that this business model has made Guard-A-Kid franchise a hit to people who people want to make easy money. In addition, once you qualify as a franchisee, the company will handle all the advertising and other logistic fees involved in putting up a franchise. The franchisor also offers different advertising models that you can use in your own territory.
Referrals and other connections will also be used by the franchisor to ensure that your business remains more profitable than you ever imagine. Guard-A-kid has also been ranked by the Entrepreneur and Fortune magazines as one of the top franchises that offer Child Safety programs in the United States.
Financial Requirements of Opening a Guard a Kid Franchise
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: $19,900
- Initial Investment: $21,400 – $38,700
- Net Worth Requirement: $25,000
- Cash Requirement: $10,000 – $15,000
- Veteran Incentives: 10% off franchise fee
- Term of Agreement: 5 years
Steps to Open a Guard a Kid Franchise in the United States
Becoming Guard-A-Kid franchise is very easy with its home based business nature and low investments. To join this franchise, here are steps to consider;
Table of Content
Read the FDD
Carefully read the FDD from cover-to-cover to understand what the brand is all about, its focus, build-out and running cost estimates, profit potential, your responsibilities to the franchise, and any liabilities such as outstanding or past lawsuits and trademarks.
Speak With Franchisees
It is advisable you talk with other franchisees to hear their firsthand experiences with owning the franchise. Ask about what a typical day is like and did they feel they made a good choice. Try to get a feeling for the experience of the franchise’s ownership team and ask if they feel the FDD paints an accurate picture of what to expect. See if they will share information about profit margins.
Visit a Location
At this point, ask the franchise to arrange for you to visit an existing location and ideally for the ownership team to tour it with you. You’ll learn a lot from touring the location and speaking with its owner or manager. If you can arrange to see more than one location, do so.
Go to Discovery Day
This is the time to meet in person with the leadership team of the franchise to understand their expertise and to get a better feeling of the future direction of the franchise.
Hire a Franchise Coach
Consider working with a coach to help you understand your skills and interests, and also help you channel them into growing your business. Be open to reviewing opportunities from sectors you hadn’t considered, but are a good match for you.
Guard-A-Kid is an award winning company that offers child identification and safety package in the industry. Its more than 150 franchises are serving these products across the United States. Note that this business is home based with very low investments and provides work-time flexibility. This business does not need additional man power/ labour. This saves other overheads in the business and increases profits. All training and ongoing support are provided by Guard-A-Kid.