What is the initial franchise fee for an Engineering For Kids franchise?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
STMENT**
YOUR ESTIMATED INITIAL INVESTMENT
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Initial Franchise Fee (1) | $30,000 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Engineering For Kids's 2025 Franchise Disclosure Document, the initial franchise fee is $30,000. This fee is payable as a lump sum when signing the Franchise Agreement. However, the FDD notes that this fee may be subject to a 10% discount under certain circumstances, as detailed in Item 5 of the FDD. It is important to note that this fee is non-refundable. Engineering For Kids does not offer direct or indirect financing for the initial franchise fee.
Beyond the initial franchise fee, prospective franchisees should also consider other initial investment costs. These include expenses such as rent, on-site location review fees (if applicable), leasehold improvements, furniture, fixtures, equipment, office supplies, opening inventory, marketing, training, insurance, and business licenses. These costs can vary significantly based on location, the size of the facility, and other factors.
The total estimated initial investment for an Engineering For Kids franchise, excluding real estate costs, ranges from $71,200 to $139,750. This range underscores the importance of carefully evaluating all potential costs and securing sufficient capital before committing to the franchise. The FDD recommends obtaining independent estimates from third-party vendors and consulting with an accountant to assess the financial requirements for establishing and operating the franchise.
Prospective franchisees should also be aware that the estimates provided in the FDD are based on Engineering For Kids's prior experience and represent initial startup expenses through the first three months of operation. These estimates do not include provisions for capital or reserve funds needed to reach break-even or cover finance charges, royalties, marketing fees, interest, debt service obligations, taxes, or salaries. Therefore, franchisees should ensure they have sufficient personal savings or income to cover living expenses during the initial startup phase.