How many Engineering For Kids franchised outlets were in operation during 2022?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Number of franchisees sold and opened during the period: | 2 | 1 | 1 |
| Number of franchised outlets sold, | 1 | 0 | 0 |
| but not yet opened during the period: | |||
| Number of franchised outlets in operation during the period: | 23 | 23 | 26 |
| Number of franchised outlets closed during the period: | 2 | 4 | 5 |
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Engineering For Kids's 2025 Franchise Disclosure Document, there were 26 franchised outlets in operation during 2022. This number decreased to 23 in both 2023 and 2024. This information is valuable for potential franchisees as it provides a snapshot of the brand's growth and stability over the past few years.
The FDD also indicates the number of franchises sold and opened, as well as the number of outlets closed during the same period. In 2022, one franchise was sold and opened, and five franchised outlets closed. In 2023, one franchise was sold and opened, and four franchised outlets closed. In 2024, two franchises were sold and opened, and two franchised outlets closed.
These figures offer insights into the dynamics of the Engineering For Kids franchise system, including its rate of expansion and franchisee turnover. Prospective franchisees should consider these trends when evaluating the overall health and attractiveness of the franchise opportunity. Understanding the reasons behind outlet closures and the rate of new openings can inform their decision-making process and risk assessment.
It's important to note that while the number of operational outlets remained constant between 2023 and 2024, the number of franchises sold and opened increased, and the number of closures decreased. This could indicate improvements in franchisee support, training, or overall business performance within the Engineering For Kids system.