STEAM City Kids
Mobile STEAM enrichment programs
- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$74K - $81K
- Units as of 2019
-
1 0.0% over 3 years
Company Overview
About STEAM City Kids
| Industry | Children's Businesses |
|---|---|
| Related Categories | Children's Enrichment Programs: Miscellaneous, Tutoring |
| Founded | 2006 |
| Corporate Address |
4613 N. University Dr., #619 Coral Springs, FL 33067 |
Business Overview
| Franchising Since | 2019 (4 years) |
|---|---|
| # of Units | 1 (as of 2019) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a STEAM City Kids 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
|
$26,500 |
|---|---|
|
Initial Investment
|
$73,778 - $81,098 |
|
Net Worth Requirement
|
$26,500 |
|
Cash Requirement
|
$26,500 |
|
Royalty Fee
|
6% |
|
Term of Agreement
|
5 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 | STEAM City Kids has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
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 | 32 hours |
|---|---|
| Classroom Training | 8 hours |
| Ongoing Support |
Grand Opening
Site Selection
|
| Marketing Support |
Social Media
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 5-10 |
|
Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like STEAM City Kids? Request a free consultation with a Franchise Advisor now.
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