How many Engineering For Kids franchises were sold and opened during 2024?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
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NOTE 2 - NATURE OF THE ORGANIZATION, RISKS, AND UNCERTAINTIES (continued)
Franchisee information at December 31 is as follows:
| 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 duri |
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Engineering For Kids' 2025 Franchise Disclosure Document, 2 franchises were sold and opened during 2024. This indicates the growth and expansion of the Engineering For Kids franchise system during that year.
For a prospective franchisee, this information is useful in understanding the recent growth trajectory of Engineering For Kids. A higher number of franchises sold and opened could suggest a strong interest in the brand and a successful business model. However, it is important to consider this number in the context of previous years and the overall size of the franchise system to get a comprehensive understanding of the growth rate.
The FDD also indicates that 1 franchised outlet was sold but not yet opened during 2024, and 23 franchised outlets were in operation. Additionally, 2 franchised outlets closed during the same period. These figures provide a more detailed picture of the franchise's dynamics, including both expansion and attrition.
A potential franchisee should investigate further to understand the reasons behind both the openings and closures to assess the overall health and stability of the Engineering For Kids franchise system. Understanding the factors that contribute to franchisee success and failure is crucial for making an informed investment decision.