What were the total operating expenses for Engineering For Kids in 2023?

According to Engineering For Kids's 2025 Franchise Disclosure Document, the total operating expenses for the year ended December 31, 2023, were $352,643. This figure represents the sum of various expenses incurred by Engineering For Kids, including royalty and overhead, salaries and wages, marketing and advertising, franchisor marketing expense, office costs, consulting fees, professional and legal fees, travel, credit loss expense, bank charges, and amortization. These expenses are essential for the day-to-day operations and strategic initiatives of the company.

Breaking down the operating expenses, royalty and overhead amounted to $78,400, salaries and wages were $69,961, and marketing and advertising expenses totaled $53,981. The franchisor marketing expense was $46,511, while office expenses were $32,211. Consulting fees amounted to $29,607, professional and legal fees were $20,265, and travel expenses were $12,349. Credit loss expense was $6,953, bank charges were $2,405, and there was no amortization expense recorded for 2023.

Prospective franchisees should consider these operating expenses when evaluating the financial health and stability of Engineering For Kids. Understanding the nature and magnitude of these expenses can provide insights into the franchisor's cost structure and resource allocation. It is important to note that these expenses are specific to the franchisor's operations and may not directly translate to the operating expenses of an individual franchise unit. However, they can offer a benchmark for assessing the franchisor's financial management and investment in key areas such as marketing, training, and support.