What was the total number of Engineering For Kids franchise transfers in 2022?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Florida | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| Total | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–52)
What This Means (2025 FDD)
According to Engineering For Kids's 2025 Franchise Disclosure Document, there was a total of one franchise transfer in 2022. The data provided also shows that there were no franchise transfers in 2023 or 2024. The single transfer that occurred in 2022 took place in Florida.
For a prospective franchisee, this information indicates the historical rate of franchise resales within the Engineering For Kids system. A low number of transfers could suggest franchisee satisfaction and stability within the brand. However, it could also mean there's limited opportunity to acquire an existing Engineering For Kids franchise instead of starting a new one.
It's important to note that this data only reflects transfers that were formally recorded with Engineering For Kids. A prospective franchisee may want to inquire about the reasons for any past transfers and the process for transferring a franchise if they consider selling their business in the future. Understanding the conditions under which transfers are approved and any associated fees is crucial for long-term planning.