What was the total amount spent on salaries and wages by Engineering For Kids in 2023?
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 | |
| Brand fees | 44,888 | 52,752 | 4 9,183 | |
| Technology fees | 38,300 | 37,500 | 42,200 | |
| Franchise fees | 90,250 | 34,000 | 51,500 | |
| Late fees | 10,114 | 2,875 | 1,925 | |
| TOTAL REVENUE | 418,562 | 392,017 | 378,755 | |
| OPERATING EXPENSES | ||||
| Royalty and overhead | 83,700 | 78,400 | 3 6,000 | |
| Salaries and wages | 87,156 | 69,961 | 6 4,974 | |
| Marketing and advertising | 15,397 | 53,981 | 7 2,488 | |
| Franchisor marketing expense | 51,070 | 46,511 | 3 3,266 | |
| Office | 44,342 | 32,211 | 2 1,614 | |
| Consulting fees | 21,426 | 29,607 | 2 9,870 | |
| Professional and legal fees | 51,589 | 20,265 | 4 0,483 | |
| Travel | 9,801 | 12,349 | 6 ,622 | |
| Credit loss expense | 1,740 | 6,953 | 1 0,739 | |
| Bank charges | 4,685 | 2,405 | 2 ,037 | |
| Amortization | 10,437 | - | 2 ,235 | |
| TOTAL OPERATING EXPENSES | 381,343 | 352,643 | 320,328 | |
| Income from operations | 3 7,219 | 3 9,374 | 5 8,427 | |
| OTHER INCOME | ||||
| Foreign exchange gain (loss) | - | ( 4,441) | ( 2,167) | |
| NET INCOME | $ 3 7,219 | $ 3 4,933 | $ 5 6,260 |
Source: Item 23 — RECEIPTS (FDD pages 53–138)
What This Means (2025 FDD)
According to Engineering For Kids' 2025 Franchise Disclosure Document, the total expenditure on salaries and wages in 2023 was $69,961. This figure reflects the franchisor's expenses related to compensating its employees during that year.
For a prospective franchisee, this number provides insight into the operational costs incurred by Engineering For Kids at the corporate level. While franchisees are responsible for their own staffing and payroll expenses, understanding the franchisor's overhead can offer a broader view of the financial health and resource allocation within the organization.
It's important to note that this figure represents only the franchisor's expenses and does not reflect the potential salary and wage expenses a franchisee might incur when operating their own Engineering For Kids franchise. Franchisees should conduct their own due diligence to estimate staffing costs based on their specific business plan and local market conditions.