What was the total amount of brand fees collected by Engineering For Kids in 2024?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
ILITIES AND MEMBER'S EQUITY | $ | 138,356 | $ | 218,424 | $ | 119,691 |
ENGINEERING FOR KIDS INTERNATIONAL, LLC STATEMENTS OF OPERATIONS YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| REVENUE | ||||||
| Royalty fees | $ 235,010 | $ | 264,890 | $ | 233,947 | |
| Brand fees | 44,888 | 52,752 | 49,183 | |||
| Technology fee |
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Engineering For Kids' 2025 Franchise Disclosure Document, the company collected $44,888 in brand fees during the year 2024. This is part of the total revenue which amounted to $418,562 for the same year. These figures are derived from the Engineering For Kids' statements of operations.
Brand fees represent a portion of the revenue that Engineering For Kids generates from its franchisees. These fees, along with other revenue streams such as royalty fees, technology fees, and franchise fees, contribute to the overall financial health of the company. The brand fees contribute to the resources Engineering For Kids uses to support its franchisees and grow the brand.
For a prospective franchisee, understanding the different types of fees and their amounts is crucial for assessing the potential profitability and financial obligations associated with the franchise. Reviewing the trend of brand fees and total revenues over the past three years (2022-2024) can provide insights into the stability and growth of the Engineering For Kids franchise system. This information helps potential franchisees make informed decisions about investing in an Engineering For Kids franchise.