4/10

Franchimp Summary Rating

7 /10
Lower than 35% of peers

Franchise Summary

Description
The franchise will offer educational activities, namely, providing seminars, classes, camps, workshops, conferences, and programs in the fields of math, science, technology, and engineering, using our business system and the "Engineering For Kids" trademarks.
Company Background
Engineering for Kids educates and inspires children to explore STEM fields. We provide seminars, classes, camps, workshops, conferences, and programs in the fields of math, science technology engineering. By teaching kids about STEM subjects at an early age we hope to inspire a love for these subjects that will last a lifetime. Along with this focus on education Engineering For Kids also works to help develop tomorrow's leaders in the field by giving young people the opportunity to participate in hands-on activities led by industry professionals.
Franchise Opportunity
Engineering is a great career choice, but it is not something that most students are exposed to at an early age. Students who have engineering experiences in high school and college are more likely to pursue this field as their career. There are many programs out there for kids, but they cost money and time; which can be hard for parents with busy schedules. Engineering For Kids has made it easy by offering free educational programs for schools across the country! By providing teachers with fun hands-on activities, we're exposing thousands of young minds to engineering concepts every year. Our program has been featured on NPR's All Things Considered and The Huffington Post. We've also received grants from Google & Intel Corporation because of our innovative approach to teaching STEM (Science Technology Engineering Math) concepts through real world problem solving situations!
Corporate Structure
EK Franchising Company is a corporation formed in The Commonwealth of Virginia on July 27, 2010. Their principal business address is 1320 Central Park Boulevard, Suite 201, Fredericksburg, Virginia 22401. They began to offer franchises for Engineering for Kids Businesses in September 2011.

Earnings Transparency

1 /10
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Engineering for Kids Franchisees

Engineering for Kids Franchise System Development in 2022

FAQ

How much investment do I need to start my own Engineering for Kids business?
Franchisees typically require at least $71 to $139 investment to get their Engineering for Kids business started
What are the initial franchise fees for Engineering for Kids?
Franchisees typically need to pay at least $30 in fees directly to Engineering for Kids in order to earn the right to launch their business
How much money can I make with a Engineering for Kids franchise? What are the average revenues for a typical Engineering for Kids business?
We haven’t done the math on how much revenue a typical Engineering for Kids brings in each year. We estimate that other franchisees in the Professional Services industry generate $932,459 revenue, so we would expect Engineering for Kids to generate a similar amount
How long do I need to commit to running a Engineering for Kids unit? What is my contractual commitment?
Engineering for Kids franchisees are typically required to sign up to a 7 year contract initially. The renewal length is 7 years. You can of course exit early but don’t expect to get any refund!

Accessibility

7 /10
The Franchisor's investment costs ranges from $71,200 to $139,750 which is Much Lower than the $0 to $0 average in the Child-Related industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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