What was the median gross revenue for Creative World School franchised locations in 2023?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
The figures presented below represent the 2023 average and median actual income and expenses of 17 Schools with 12,000 square feet or larger that operated for a full 12 months as of December 31, 2023. This includes 4 Company-Owned Schools (owned and operated by our affiliates) and 13 Franchised Schools*.* There are no material financial and operational characteristics of the Company-Owned Schools that are reasonably anticipated to differ materially from future operational franchise Schools. Some Schools provided information that did not conform to generally accepted accounting principles, so the information was not included in the income and expense figures presented below. We have only included those Schools that meet this criteria and provided expense information to us. The expense figures presented include royalties, payroll salaries, payroll taxes and other, benefits, food and kitchen supplies, educational expenses, building expenses, automobile expenses, advertising, insurance, utilities, and general and administrative expenses. There are other expenses you will incur in operating a Creative World School® Business, but we do not present them in this Financial Performance Representation. A combination of factors, including, but not limited to, tuition charged, whether an owner chooses benefits for employees, extras provided by owners specific to their school, etc., may affect these amounts and percentages.
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, Item 19 includes historical average income and expenses for certain company-owned and franchised schools. The data presented represents the 2023 average and median actual income and expenses of 17 schools with 12,000 square feet or larger that operated for a full 12 months as of December 31, 2023. This includes 13 franchised schools. However, the document does not specifically state the median gross revenue for franchised locations.
While the document provides high and low annual gross revenues for franchised schools in 2023, it does not disclose the median gross revenue. The high annual gross revenue was $3,075,238, and the low was $1,427,271. Six of the 13 franchised schools, or 46%, attained or surpassed the average gross revenues in 2023.
A prospective franchisee should inquire directly with Creative World School's franchising team to obtain the median gross revenue for franchised locations in 2023. This information is crucial for a comprehensive understanding of potential financial performance. Additionally, it would be beneficial to understand how the average gross revenue is calculated and what factors contribute to the variation in gross revenues among different franchise locations.