When is the monthly technology fee of $600 due to Engineering For Kids?
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 Review (3) | $0 - $500 | Lump sum | As incurred | Us |
| Leasehold Improvements | $10,000 - $50,000 | As Agreed | As Agreed | Outside |
| (4) | Suppliers | |||
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment Is To Be Made |
| ----------------------------------------------------------------------------------- | --------------------- | -------------------------------- | ----------------------------- | ----------------------------------------- |
| Furniture, Fixtures, and | $5,000 - $7,500 | As Agreed | As Agreed | Outside |
| Equipment (5) | Suppliers | |||
| Office Equipment and | $1,150 - $3,700 | As Agreed | As Agreed | Outside |
| Supplies (6) | Suppliers | |||
| Opening Inventory and Supplies (7) | $5,000 - $9,000 | As Agreed | As Incurred | Designated and Approved Suppliers |
| Classroom Laptop | $3,000 -$6,000 - | As Agreed | As Incurred | Outside |
| Computers (8) | Suppliers | |||
| Initial Marketing Campaign | $2,500 Minimum | As Agreed | As Agreed | Advertising |
| (9) | Sources | |||
| Training Expenses (10) | $900 - $1,500 | As Incurred | As Incurred | Third Parties |
| Insurance – 3 months (11) | $500 - $750 | As Agreed | As Agreed | Insurance Company |
| Business Licenses (12) | $50 - $200 | As Incurred | As Incurred | Government agencies |
| Professional Fees (13) | $1,000 - $2,000 | As Incurred | As Incurred | Third Parties |
| Utility Deposits | $0 - $500 | As Incurred | As Incurred | Third Parties |
| Technology Fee – 3 months | $600 | Electronic Fund Transfer | By 5th day of each month | Us |
| Additional Funds – 3 | $4,000 - $10,000 | As Incurred | As Incurred | Employees, |
| months (14) | Third Parties | |||
| TOTAL ESTIMATED | $71,200 -$139,750 | |||
| INITIAL INVESTMENT | ||||
| (excluding real est |
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, franchisees must pay a $600 technology fee to Engineering For Kids via electronic fund transfer by the 5th day of each month. This fee covers the first three months of operation.
This means that a new Engineering For Kids franchisee will need to ensure that the $600 technology fee is electronically transferred to Engineering For Kids before the 5th of each month. This is a recurring monthly expense that the franchisee must factor into their operating budget. Failing to pay on time could result in penalties or a breach of the franchise agreement.
It is important to note that this technology fee covers the initial three months. Franchisees should confirm with Engineering For Kids whether this fee continues beyond the initial period, and if so, whether the amount or payment terms change. Understanding the ongoing technology costs is crucial for accurate financial planning.