When is the Engineering For Kids technology fee due each month?
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 | Electroni |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Engineering For Kids' 2025 Franchise Disclosure Document, a franchisee must pay a technology fee of $600 every three months. This fee is paid via electronic fund transfer and is due by the 5th day of each month. This means that each month, $200 of the $600 is due.
This technology fee is part of the initial investment a franchisee must make to start their Engineering For Kids franchise. It is important to note that this fee is paid to the franchisor, Engineering For Kids. The FDD specifies that payments to Engineering For Kids are non-refundable.
Prospective franchisees should budget accordingly to ensure timely payment of this fee to avoid any potential penalties or disruptions to their franchise operations. Understanding the due dates and payment methods for all fees is crucial for maintaining a good standing with Engineering For Kids and managing the franchise's finances effectively.