What was the average grant income for Creative World School franchises?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| | Median ($) | Average ($) | % of Avg. Gross Revenues | |---|---|---|---| | Gross Revenues | $1,716,547 | $1,843,779 | 100% | | | | | | | Royalties[1] | $121,656 | $129,151 | 7.0% | | Payroll - Salaries | $921,186 | $912,529 | 49.5% | | Payroll Taxes and Other[2] | $97,738 | $97,839 | 5.3% | | Benefits | $27,735 | $34,796 | 1.9% | | Food & Kitchen Supplies[3] | $93,392 | $105,964 | 5.7% | | Educational Expenses[4] | $75,054 | $79,148 | 4.3% | | Building Expenses[5] | $43,958 | $39,056 | 2.1% | | Automobile Expenses | $13,157 | $14,946 | 0.8% | | Advertising | $32,644 | $31,902 | 1.7% | | Insurance | $50,746 | $53,203 | 2.9% | | Telephone & Utilities | $47,899 | $52,605 | 2.9% | | General & Administrative[6] | $43,281 | $43,270 | 2.3% | | Total Expenses | $1,579,193 | $1,594,409 | 86.5% | | Net Income Before Interest, Taxes, | $141,557 | $249,370 | 13.5% | | Depreciation, Amortization, and Rent | | | | | (EBITDAR) | | | | | Grant Income | $199,174 | $179,336 | | | | | | | The high and low annual Gross Revenues for this category were $3,486,051 and $1,267,343, respectively. Six, or 46%, of the 13 Franchised Schools attained or surpassed the average Gross Revenues in 2024.
The high and low EBITDAR for these Schools in 2024 was $1,250,870 and $165,332, respectively. Five, or 38%, of the 13 Franchised 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 franchise owned Schools received significant grant income from their respective states and/or counties, including ARFA funds distributed based on capacity. Depending on the State and County guidelines, the funds were to be used to supplement payroll, rent, and additional supplies. Some counties also received an additional grant in 2023 for classroom equipment and supplies replacements. In addition, some schools received Employee Retention Tax Credits (ERTC) payments from the Federal Government for prior years' qualifying periods.
The high and low annual Grants and ERTC Income for this category were $281,421 and $0, respectively. There were 3, or 23%, of the
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, franchise-owned schools received grant income from their respective states and counties, including ARPA funds distributed based on capacity. These funds were intended to supplement payroll, rent, and additional supplies, according to state and county guidelines. Some counties also provided additional grants for classroom equipment and supplies replacements. Additionally, some schools received Employee Retention Tax Credits (ERTC) from the federal government for prior years' qualifying periods.
In 2024, the high and low annual Grants and ERTC Income for Creative World School franchises were $281,421 and $0, respectively. Only 23% (3 out of 13) of the franchised schools attained or surpassed the average grant income and ERTC.
In 2023, the high and low annual Grants and ERTC Income for Creative World School franchises were $582,969 and $189,505, respectively. 46% (6 out of 13) of the franchised schools attained or surpassed the average grant income and ERTC.
In 2022, the high and low annual Grants and ERTC Income for Creative World School franchises were $628,954 and $132,644, respectively. 43% (6 out of 14) of the franchised schools attained or surpassed the average grant income and ERTC.