What was the royalty fees revenue for Engineering For Kids in 2022?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| REVENUE | ||||
| Royalty fees | $ 2 35,010 | $ 2 64,890 | $ 2 33,947 |
Source: Item 23 — RECEIPTS (FDD pages 53–138)
What This Means (2025 FDD)
According to Engineering For Kids' 2025 Franchise Disclosure Document, the royalty fees revenue for the company in 2022 was $264,890. This figure represents the total amount of royalty fees collected from all franchisees during that year.
For a prospective franchisee, this number provides insight into the revenue stream that Engineering For Kids generates from its franchisees. Royalty fees are a primary source of income for franchisors, and understanding the historical trends can help potential franchisees assess the financial stability and growth of the franchise system.
It's important to note that this is just one component of Engineering For Kids' overall revenue. The document also lists revenue from brand fees, technology fees, franchise fees, and late fees. A potential franchisee should consider all these revenue streams, along with the company's operating expenses, to get a comprehensive understanding of the franchisor's financial performance. Reviewing these figures over multiple years, as presented in the table, can reveal important trends about the franchise's financial health.