What was the total number of Engineering For Kids franchised outlets transferred in 2024?
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 were zero franchise transfers in 2024. The provided table shows the number of franchise transfers in Florida for the years 2022, 2023 and 2024. In 2022 there was one transfer, and in both 2023 and 2024 there were zero transfers.
Franchise transfers occur when an existing franchisee sells their franchise to a new owner. A low number of transfers could indicate franchisee satisfaction or a lack of resale opportunities. Conversely, a high number could signal financial distress or other issues within the franchise system.
Prospective franchisees should inquire about the reasons for any franchise transfers, the financial performance of transferred units, and the franchisor's role in the transfer process. Understanding these details can provide valuable insights into the health and stability of the Engineering For Kids franchise system.