How many Engineering For Kids franchises were sold and opened in 2024?
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' 2025 Franchise Disclosure Document, 2 franchises were sold and opened during 2024. This indicates the number of new Engineering For Kids franchise locations that began operation within that year.
For a prospective franchisee, this information provides insight into the brand's growth rate and the pace at which new locations are being established. A higher number could suggest strong brand momentum and franchisee interest, while a lower number might indicate slower expansion or a more selective approval process.
It's also important to note that the FDD mentions one franchised outlet was sold but not yet opened during the same period. This means that while there is interest in the Engineering For Kids franchise, there can be a delay between the sale of a franchise and its actual opening. This delay could be due to various factors such as site selection, training, or construction.
In addition to the number of franchises sold and opened, the FDD also states that there were 23 Engineering For Kids franchised outlets in operation during 2024 and 2 franchised outlets closed during the same period. This information provides a more complete picture of the franchise system's overall health and stability.