What was the median total expenses for Creative World School company-owned schools in 2022?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
The figures presented below represent the 2022 average and median actual income and expenses of 18 Schools with 12,000 square feet or larger that operated for a full 12 months as of December 31, 2022. This includes 5 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)
Based on Creative World School's 2025 Franchise Disclosure Document, specific figures for median total expenses of company-owned schools in 2022 are not provided. However, the FDD does include average income and expenses for certain company-owned and franchised schools for the year ended December 31, 2022. These figures represent data from 18 schools with 12,000 square feet or larger that operated for a full 12 months as of that date, including 5 company-owned schools and 13 franchised schools.
The expenses included in these figures are 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. The document specifies that there are other expenses a franchisee will incur that are not included in this financial performance representation.
Prospective franchisees should note that factors such as tuition charged, employee benefits chosen by the owner, and extras provided by the owner can affect these amounts and percentages. The FDD also states that some schools' data was excluded if it did not conform to generally accepted accounting principles. To get a clearer understanding of potential expenses, a prospective franchisee should ask Creative World School for the median total expenses for company-owned schools and request detailed substantiation for all financial performance representations.