What was the number of Engineering For Kids franchised outlets in operation during 2022?
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, there were 26 franchised outlets in operation during 2022. This number remained at 23 in both 2023 and 2024.
For a prospective franchisee, this information indicates the size and stability of the Engineering For Kids franchise system. The number of operational franchises can be an indicator of brand recognition and market penetration. A decrease in the number of operational franchises, as seen from 2022 to 2023, could signal challenges within the system that potential franchisees should investigate.
It is important to note that while the number of operational franchises provides a snapshot of the system's size, it does not reveal the entire picture. Factors such as the financial performance of these outlets, their geographic distribution, and the rate of new franchise openings versus closures all contribute to the overall health and attractiveness of the franchise opportunity. Therefore, prospective franchisees should conduct thorough due diligence, including speaking with existing franchisees and reviewing the complete FDD, to gain a comprehensive understanding of the Engineering For Kids franchise system.