What is the minimum cost Engineering For Kids will charge for an on-site evaluation?
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 | Lump Sum | On signing Franchise Agreement | Us |
| Rent (2) | $7,500 - $15,000 | As agreed | As incurred | Landlord |
| On-site Location Revie |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Engineering For Kids' 2025 Franchise Disclosure Document, the cost for an on-site location review can range from $0 to $500. Engineering For Kids is not required to conduct an on-site evaluation of the proposed location but may do so if deemed advisable. If Engineering For Kids conducts an on-site evaluation, they have the right to charge their actual costs, but not less than $500.
This means that a prospective Engineering For Kids franchisee may not incur any costs for an on-site evaluation if the franchisor chooses not to conduct one. However, if Engineering For Kids decides an evaluation is necessary, the franchisee will be responsible for covering the costs, with a minimum charge of $500. This fee is payable upon invoicing and is non-refundable.
This on-site evaluation fee is part of the initial investment a franchisee must consider. The actual cost will depend on the franchisor's expenses related to the evaluation. It is important for potential franchisees to discuss the likelihood and potential cost of this evaluation with Engineering For Kids during their due diligence to accurately estimate their initial investment.