What was the average grant income for Creative World School company-owned schools in 2024?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
ther an owner chooses benefits for employees, extras provided by owners specific to their school, etc., may affect these amounts and percentages.
AVERAGE INCOME AND EXPENSES OF CERTAIN COMPANY-OWNED AND FRANCHISED SCHOOLS IN CALENDAR YEAR 2023 COMPANY OWNED
| • The high and low annual Gross Revenues for this category were $2,741,291 and $1,336,074, | |
|---|---|
| respectively. There were 2, or 40%, of the 5 Company-Owned Schools attained or surpassed the average Gross Revenues in 2024. • The high and low EBITDAR for these Schools in 2024 was $641,765 and $(18,859) respectively. Two, or 40%, of the 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 2024. | |
| 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 on the number of employees | |
| working for a specified time period as well as Retention grants to pay eligible employees based on time of service. |
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 counties, including ARPA funds. These funds were designated for eligible playground and classroom equipment, technology replacement, or to supplement payroll, rent, and additional supplies, depending on the state and county guidelines. Missouri schools also received grants based on the number of employees and retention grants to pay eligible employees based on time of service.
The high and low annual grant income for the company-owned schools was $207,794 and $89,869, respectively, in 2024. Four out of the five company-owned schools, or 80%, attained or surpassed the average grant income during this period.
It is important to note that these figures pertain to company-owned schools and may not be directly indicative of the grant income a franchisee might receive. Grant availability and amounts can vary significantly depending on the location of the franchise and the specific state and county guidelines in place. Prospective franchisees should investigate the grant opportunities available in their specific area and consult with Creative World School to understand how to maximize potential grant income.