What is the minimum charge for an on-site evaluation by Engineering For Kids?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
d the type of ownership interest you are buying.
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- On-Site Location Evaluation. As further described in Items 5 and 11, you must identify the physical site for your EFK Center Location. We will review your proposals for your EFK Center Location. We are not required to conduct an on-site evaluation of the proposed EFK Center Location, but we may do so if we deem it advisable. If we conduct an on-site evaluation, we have the right to charge you for that on-site evaluation, which amount will be our actual costs (but not less than $500). If applicable, this amount will be payable upon our invoice and will be non-refundable. See Item 11 under "Site Selecti
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 minimum charge for an on-site evaluation is $500. Engineering For Kids is not required to conduct an on-site evaluation of the proposed EFK Center Location, but they may do so if they deem it advisable. If they do conduct an on-site evaluation, they have the right to charge you for that on-site evaluation, which amount will be their actual costs (but not less than $500).
This means that if Engineering For Kids decides to evaluate your proposed location, you should be prepared to pay at least $500. The actual cost could be higher depending on Engineering For Kids's expenses for the evaluation. This fee is payable upon invoice and is non-refundable, regardless of whether the site is ultimately approved.
Prospective franchisees should consider this potential cost when budgeting their initial investment. It's important to discuss the site evaluation process and potential costs with Engineering For Kids during the due diligence phase to fully understand the circumstances under which an on-site evaluation would be conducted and how the associated costs are determined.