What was the average grant income for Creative World School company-owned schools in 2022?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
ITDAR for these Schools in 2022 was $469,509 and $-30,873, respectively. Two, or 40%, of 5 Company-Owned Schools, 12,000 SF or larger attained or surpassed the average EBITDAR (Net Income Before Interest, Taxes, Depreciation, Amortization, and Rent) in calendar year 2022.
The Company-Owned Schools received significant grant income from their respective states and/or counties, including ARPA funds distributed based on capacity. Depending on the State and County guidelines, the funds were to be used for either eligible playground and classroom equipment, technology replacement or to supplement payroll, rent, and additional supplies. Missouri schools also received Grants based
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 58–75)
What This Means (2025 FDD)
According to Creative World School's 2025 Franchise Disclosure Document, the company-owned schools received significant grant income from their respective states and/or counties, including ARPA funds distributed based on capacity. These funds were designated for eligible playground and classroom equipment, technology replacement, or to supplement payroll, rent, and additional supplies, depending on the specific state and county guidelines. Missouri schools also received grants based on the number of employees working for a specified time period.
For the company-owned Creative World School locations, the high and low annual grant income ranged from $223,235 to $207,297 in 2022. The FDD indicates that 80% (4 out of 5) of the company-owned schools equaled or surpassed the average grant income during this period.
This information is relevant for prospective franchisees as it provides insight into the potential for securing grant funding and how these funds can be utilized to support various aspects of the school's operations. Understanding the availability and utilization of grant income can help franchisees better manage their finances and potentially improve their school's facilities and resources.