Content area
Full Text
W. Berry Fowler, the Spokane entrepreneur who founded such franchising powerhouses as Sylvan Learning Centers and Little Gym International Inc., has sold his most recent franchising venture, national tutoring provider KnowledgePoints.
Earlier this month, Eden Prairie, Minn.-based Capistar Franchise Holdings Inc. announced that it had acquired KnowledgePoints, the corporate name of which is A Thousand Points of Knowledge Inc., in a stock transaction. Fowler has been named a director of Capistar, which also operates two other franchising-industry subsidiaries.
"I'm really excited for all of our franchise holders," says Fowler. "So far, this has all been financed by me. We were out looking for money, and we hit pay dirt (with Capistar)."
Fowler began developing KnowledgePoints here in 1998 and sold the company's first franchise in late 2000. KnowledgePoints' franchisees develop and oversee tutoring centers that typically are operated by nonprofit organizations, which keep about half the revenues the centers generate. The centers provide after-school instruction at...