What was the total number of Engineering For Kids franchised outlets transferred in 2023?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |
|---|---|---|---|
| Florida | 2022 2023 2024 | 1 0 0 | |
| Total | 2022 2023 2024 | 1 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 were zero franchise transfers in 2023. The provided table in Item 20 outlines franchise transfers by state and year. Specifically, for Florida, the table indicates '0' transfers during 2023. The 'Total' row also shows '0' for 2023, confirming that there were no transfers of Engineering For Kids franchises during that year.
This information is relevant for prospective franchisees as it provides insight into the stability and desirability of existing Engineering For Kids franchise locations. A high number of transfers could indicate dissatisfaction among franchisees or difficulty in operating the business, while a low number, as in this case, might suggest the opposite.
It's important to note that this data only reflects transfers reported to Engineering For Kids and captured in the FDD. Potential franchisees should still conduct their own due diligence, including speaking with current and former franchisees, to gain a comprehensive understanding of franchise transfers and the reasons behind them.