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Entrepreneur: Start & Grow Your Business

Children's Technology Workshop

Children's enrichment programs in technology, engineering & science

Background

Founded: 1997 Franchising since: 2004
3220 Yonge St.
Toronto, Ontario M4N 2L2
Phone:
(866)704-2267/ (416)425-2289


Franchisor is a privately-held company with 10 employee(s); 10 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 30 9 4 1
2006 24 9 4 1
2005 9 9 2 1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Costs and Fees

Total investment: $50K-184K
Franchise fee: $17.5K-25K
Ongoing royalty fee: 6%
Term of agreement: 7 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $20K-80K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills
  • Enthusiasm for technology, engineering, science

Operations
  • Franchise can be run from home
  • 3% of all franchisees own more than one unit
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 5 days
  • Ongoing web & teleconference training

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

Rankings

Franchise 500® rank:
#459 (2008); #496 (2007);

Top New Ranking:
#44 (2008);