What was the total number of Engineering For Kids outlet transfers 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' 2025 Franchise Disclosure Document, there were no outlet transfers reported in Florida during 2024. The table also indicates a total of zero transfers for all locations in 2024.
This information is relevant to potential franchisees as it provides insight into the stability and satisfaction of current franchisees. A high number of transfers could indicate issues within the franchise system, such as low profitability or disputes between franchisees and the franchisor. Conversely, a low number of transfers, as seen here, may suggest a stable and well-managed franchise system.
It is important to note that this data only reflects transfers that were formally recorded. It does not account for any informal sales or closures that may have occurred without being classified as a transfer. Prospective franchisees should consider this information in conjunction with other factors, such as the number of terminations and non-renewals, to get a comprehensive understanding of franchisee turnover within the Engineering For Kids system.