Challenge Island
Educational enrichment programs- 2023 Franchise 500 Rank
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#324 Ranked #409 last year
- Initial investment
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$53K - $69K
- Units as of 2023
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223 72.9% over 3 years
Challenge Island is an international educational enrichment program for children. Challenge Island's Science, Technology, Engineering, Arts, and Math (STEAM) program equips students with skills including creativity, critical thinking, problem solving, and social emotional skills.
Award-winning author, educator, and parenting expert Sharon Duke Estroff M.A.T. founded Challenge Island in 2003. The company started franchising in 2012 and currently has over 175 franchise units globally.
Why You May Want to Start a Challenge Island Franchise
For a visionary and passionate person who loves working with children, Challenge Island is an excellent opportunity to start a fulfilling career. Challenge Island will train you in their top-rated curriculum that is trusted by educators and parents. As a Challenge Island franchisee, you will receive all the tools you need to maximize your business success potential using the company's tested and popular home-based franchise model.
As a franchisee, you will make a difference in children's lives through fun and educational activities. You will be part of a renowned educational program that offers a proven curriculum and introduces students to a new academic world through STEAM and STEM enrichment classes, field trips, camps, family events, birthday parties, scout workshops, and more.
What Might Make a Challenge Island Franchise a Good Choice?
The Challenge Island franchise network is a top program in the STEAM sector. Franchisees have various business streams and multiple profit centers. These include:
Afterschool enrichment classes
In-school field trips
Educational summer camps
Birthday parties
Kids nights out
Virtual learning programs
Corporate team building
Preschool programs
To franchise a Challenge Island location, be prepared to invest financially. Franchisees will need to meet a company set liquid capital and net worth. You will need to pay a franchise fee along with an investment range depending upon site location, employee wages, etc. Teachers and veterans are offered a discount on the company franchise fee.
Challenge Island offers full support, including on-the-job and classroom training. They will help you market your franchise through regional advertising, website development, email marketing, and social media.
How to Start a Challenge Island Franchise
The initial inquiry may garner a franchise representative contacting you to discuss the franchise opportunity further. As you move through the franchise process, you may have the chance to talk with other Challenge Island franchisees. Current franchisees may give you advice and insight into operating a Challenge Island franchise.
As you make your decision regarding whether to open a Challenge Island franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
If you are chosen to franchise with Challenge Island, you will be expected to attend a three-day training in Atlanta, Georgia to prepare you to launch and grow your own local Challenge Island franchise. You may receive on the job training at a franchised Challenge Island to familiarize yourself with how you should operate the business. As you near the opening of your location, Challenge Island will continue to support you as you prepare to teach and inspire the next generation of children.
Company Overview
About Challenge Island
| Industry | Children's Businesses |
|---|---|
| Related Categories | Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Education/Enrichment |
| Founded | 2003 |
| Parent Company | Challenge Island Global |
| Leadership | Sharon Estroff, Founder/CEO |
| Corporate Address |
4590 Lasalle Ct. Marietta, GA 30062 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
More from Challenge Island
With over 150 franchises, 19 Entrepreneur Franchise 500 rankings, a bestselling STEAM book series, and 5 million children served in 15,000 schools, Challenge Island is the World’s #1 STEAM Franchise.
Created and led by an award-winning educator and author, Challenge Island offers a proprietary, cutting-edge, standard-aligned STEM/STEAM curriculum that is embraced by local school districts and federal funding coordinators as much as it is by parents and children. Challenge Island franchisees receive unprecedented support, bottomless curriculum, and a plethora of marketing materials as they make a monumental difference in their communities through one-of-a-kind enrichment classes, field trips, camps, family events, birthday parties, scout workshops and so much more.
Challenge Island is a caring, creative, cohesive Ohana of franchise owners who are changing the world one child at a time while building successful home-based businesses. Passionate, purpose-driven and unafraid of pushing boundaries and breaking barriers, the Challenge Island franchise opportunity is as groundbreaking as it is outside the box.
Whether you are an educator looking for your next step, a corporate parent trying to find balance, or a seasoned professional seeking a completely new career path that will fulfill you personally as well as financially, Challenge Island is worth a visit. And if the fit is right, it will be our pleasure to welcome you home.
Watch the Magic of Challenge Island in Action!
Business Overview
| Franchising Since | 2012 (11 years) |
|---|---|
| # of employees at HQ | 8 |
| Where seeking |
This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
| # of Units | 223 (as of 2023) |
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Information for Franchisees
Here's what you need to know if you're interested in opening a Challenge Island franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
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$44,900 |
|---|---|
|
Initial Investment
|
$53,425 - $68,925 |
|
Net Worth Requirement
|
$100,000 |
|
Cash Requirement
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$50,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
7% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Challenge Island has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 24 hours |
|---|---|
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
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Can this franchise be run from home/mobile unit?
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Yes |
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Can this franchise be run part time?
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Yes |
|
Are exclusive territories available?
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Yes |
Franchise 500 Ranking History
Compare where Challenge Island landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Challenge Island ranked on other franchise lists? Find out below.
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