Seller Financing Available
Gross Revenue: $262,000
Successful S.T.E.M. Education Franchise with Territory
Established Franchise! Top Ten New Franchises by Entrepreneur Magazine
Engineering For Kids brings Science, Technology, Engineering, and Math (STEM), to kids ages 4 to 14 in a FUN and challenging way through classes, camps, clubs, and parties. We are proud to inspire children to build on their natural curiosity by teaching engineering concepts through hands-on learning.
This established location is very well recognized by local public and private schools, community centers as well as families. With an already established list of customers, school contacts as well as partners in the community, you can step right into this business with very little risk! Currently there are 15 part-time employees. This location is currently in the top 5 performers out of 150+ franchises. An Engineering For Kids (EFK) franchise is a fun, in depth, hands-on Engineering based program. There is very little local direct competition offering similar curriculum. All curriculum is provided by the corporate office, as well as support at any time. EFK franchisees (over 140) are a very close-knit group of entrepreneurs, educators and business owners that are constantly communicating to help improve each others' business with ideas, advice, suggestions, contacts and advancements. Not only do you get corporate support and training, you also get experiences from over 150 other business owners. All support, training and curriculum is provided via an EFK specific online community. All instructors at this location are responsible for learning curriculum they teach as well as transport all supplies to and from class. Currently owners are working part-time on this business and have built a profitable and system-based business. Anyone that is able to commit more than 25-30 hours a week will grow the business much larger than it currently is. Owners would love to discuss the untapped opportunity and potential to easily double current income given more availability of time to build upon it. There are many untapped resources that owners do not have time to fully utilize! This business has an 1100 sq/ft commercial office/storage facility where employees pack and store all supplies and materials as well as have classes. A home office is also used to answer phone calls and accept payment. Assets include an exclusive territory of very affluent customers, very well established and recognized name and relationships, all school facility contacts for after-school classes. Currently this company is an S corporation.
Inventory: Included in asking price
Facilities: This business has an 1100 sq/ft commercial office/storage facility where employees pack and store all supplies and materials. A home office is also used to answer phone calls and accept payment. 18 LEGO EV3 robotics kits, 65+ Dell laptop computers, office equipment such as printers, computers and furniture, Snap Circuit kits, K'nex kits, 2 Rocket Launchers, 2 Balloon launchers, Air Dragster Launcher, Marble run kits, supply bins, tables, chairs, desks, 7 projectors,10 carts, electrical cords and power strips, student tools & much more (Home Based)
Competition: S.T.E.M. education is taking off, and schools can not commit more paid teachers to cover these needs. Researching the upcoming potential of STEM fields, especially the Engineering field will demonstrate the incredible growth potential for this field and company. Owners have established Engineering For Kids in this area as a very high-end, advanced company, and created it to be the top tier of extra education for children. There are a few other competing businesses locally, most are very small and taught by their owners.
Growth & Expansion: STEM is the future, and schools can't keep up. Federal funds are drying up, but parents want their kids to be ahead. Our country's leaders are constantly talking of the enormous need for Engineers and S.T.E.M. professionals. It starts with an early education in these fields.
There is huge untouched potential at this location that owners do not have time to commit to. Income will be very easily increased with more available time. This company can easily create a 40-50% profit margin.
Financing: Partial Seller Financing Possible
Support & Training: Owners will provide 90 days of training and assistance personally. More than that can be negotiated. Franchiser provides training for new owners at their corporate office as well as ongoing support at no extra expense.
Reason for Selling: Owners are selling due to distant family needs and time restraints.
Home-Based: This business
Franchise: This business is an established franchise
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