When is the technology fee due for an Engineering For Kids franchise?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee (note 1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Technology Fee | Currently $200 per month | At same time as Royalty | We charge this fee for certain technology that we provide and/or may develop. We may increase this fee periodically, but any increases will not exceed $25 per month during any 12 month period. |
Source: Item 6 — OTHER FEES (FDD pages 10–15)
What This Means (2025 FDD)
According to Engineering For Kids's 2025 Franchise Disclosure Document, the technology fee is currently $200 per month and is due at the same time as the royalty fees. The FDD specifies that royalty fees are typically due by the 5th day of each period, or the next business day if the 5th day is a federal holiday. Engineering For Kids may require franchisees to make these payments via electronic fund transfer.
Engineering For Kids may increase the technology fee periodically, but these increases will not exceed $25 per month during any 12-month period. The technology fee covers certain technology that Engineering For Kids provides and/or may develop.
Prospective franchisees should note that all fees are non-refundable and are uniformly applied to new system franchisees, although Engineering For Kids may waive or modify fees in certain instances. It is important for potential franchisees to understand the timing and amount of all fees, including the technology fee, to accurately forecast their potential earnings and manage their cash flow.