What was the total revenue for Engineering For Kids in 2024?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
ILITIES AND MEMBER'S EQUITY | $ | 138,356 | $ | 218,424 | $ | 119,691 |
ENGINEERING FOR KIDS INTERNATIONAL, LLC STATEMENTS OF OPERATIONS YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| REVENUE | ||||||
| Royalty fees | $ 235,010 | $ | 264,890 | $ | 233,947 | |
| Brand fees | 44,888 | 52,752 | 49,183 | |||
| Technology fees | 38,300 | 37,500 | 42,200 | |||
| Franchise fees | 90,250 | 34,000 | 51,500 | |||
| Late fees | 10,114 | 2,875 | 1,925 | |||
| TOTAL REVENUE | 418,562 | 392,017 | 378,755 | |||
| OPERATING EXPENSES | ||||||
| Royalty and overhead | 83,700 | 78,400 | 36,000 | |||
| Salaries and wages | 87,156 | 69,961 | 64,974 | |||
| Marketing and advertising | 15,397 | 53,981 | 72,488 | |||
| Franchisor marketing expense | 51,070 | 46,511 | 33,266 | |||
| Office | 44,342 | 32,211 | 21,614 | |||
| Consulting fees | 21,426 | 29,607 | 29,870 | |||
| Professional and legal fees | 51,589 | 20,265 | 40,483 | |||
| Travel | 9,801 | 12,349 | 6,622 | |||
| Credit loss expense | 1,740 | 6,953 | 10,739 | |||
| Bank charges | 4,685 | 2,405 | 2,037 | |||
| Amortization | 10,437 | - | 2,235 | |||
| TOTAL OPERATING EXPENSES | 381,343 | 352,643 | 320,328 | |||
| Income from oper |
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Engineering For Kids's 2025 Franchise Disclosure Document, the total revenue for 2024 was $418,562. The revenue is broken down into several categories. Royalty fees accounted for $235,010 of the total revenue. Brand fees contributed $44,888, while technology fees amounted to $38,300. Franchise fees added $90,250 to the revenue, and late fees accounted for $10,114.
When evaluating a franchise, it is essential to look at revenue trends over multiple years. In this case, Engineering For Kids's total revenue for 2023 was $392,017 and $378,755 in 2022. This shows a positive trend in revenue generation for the company. A prospective franchisee should investigate the reasons behind the increase in revenue and whether this trend is sustainable.
It is also important to consider the expenses associated with generating this revenue. Engineering For Kids had total operating expenses of $381,343 in 2024, resulting in an income from operations of $37,219. Understanding the relationship between revenue and expenses is crucial for assessing the profitability and financial health of the franchise. A potential franchisee should analyze these figures to determine the potential return on investment and the overall financial viability of the franchise opportunity.