- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$36K - $150K
- Units as of 2023
-
313 0.3% over 3 years
Company Overview
About Nutty Scientists
| Industry | Children's Businesses |
|---|---|
| Related Categories | Children's Enrichment Programs: STEM, Children's Enrichment Programs: Miscellaneous, Tutoring, Miscellaneous Children's Businesses, Children's Education/Enrichment |
| Founded | 1996 |
| Parent Company | Interactive Children Education and Entertainment Corp. |
| Leadership | Santiago Martin, President |
| Corporate Address |
10773 N.W. 58th St., #132 Doral, FL 33178 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 1997 (27 years) |
|---|---|
| # of employees at HQ | 15 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 313 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Nutty Scientists 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
|
$28,000 |
|---|---|
|
Initial Investment
|
$35,500 - $149,800 |
|
Net Worth Requirement
|
$40,000 |
|
Cash Requirement
|
$35,000 |
|
Veteran Incentives
|
15% off franchise fee |
|
Royalty Fee
|
8% |
|
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.
| In-House Financing | Nutty Scientists offers in-house financing to cover the following: franchise fee, equipment |
|---|---|
| Third Party Financing | Nutty Scientists has relationships with third-party sources which offer financing to cover the following: franchise fee |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 40 hours |
|---|---|
| Classroom Training | 20 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
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
Yes |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Nutty Scientists landed on this year's Franchise 500 Ranking versus previous years.
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