What is the total number of Engineering For Kids outlets opened in 2024?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
0 | 0 | 23 | | | 2024 | 23 | 3 | 0 | 1 | 0 | 2 | 23 | Table 4: Status of Company-Owned Outlets for years 2022-2024
| State | Year | Outlets at Start of the Year | Outlets Opened | Outlets Re acquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total | 2023 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 |
Table 5: Projected Openings as of December 31, 2024
| State | Franchise Agreements Signed But Outlets Not Opened | Projected New Franchised Outlets in the Next Fiscal Year | Projected New Company Owned Outlets in the Next Fiscal Year |
|---|---|---|---|
| Florida | 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, the total number of company-owned outlets opened in 2024 was zero. The total number of franchise outlets opened in 2024 was zero. However, the number of outlets opened in Texas was two in 2024. Therefore, the total number of Engineering For Kids outlets opened in 2024 was three.
Specifically, for company-owned locations, states like New York, North Carolina, Ohio, Oregon, Pennsylvania, and Tennessee all reported zero outlets opened during 2024. Texas was the only state with company-owned outlets that opened new locations, with two openings. Other states showed no change in the number of company-owned outlets, indicating no openings or closures.
For franchise locations, the data shows that no outlets were opened in 2024. This information is crucial for potential franchisees to understand the growth and expansion trends of Engineering For Kids. The lack of new franchise openings in 2024 could indicate a period of consolidation or other strategic shifts within the company.
Prospective franchisees should inquire with Engineering For Kids about the reasons for the limited number of openings in 2024 and what strategies are in place to promote future growth. Understanding these factors will help franchisees make informed decisions about their investment and business plans.