STEAM City Kids
Mobile STEAM enrichment programs- 2023 Franchise 500 Rank
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N/R Not ranked last year
- Initial investment
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$74K - $81K
- Units as of 2019
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1 0.0% over 3 years
Company Overview
About STEAM City Kids
Industry | Children's Businesses |
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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) |
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# of Units | 1 (as of 2019) |
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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 |
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Initial Investment
|
$73,778 - $81,098 |
Net Worth Requirement
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$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 |
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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 |
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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 |
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Can this franchise be run from home/mobile unit?
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Yes |
Can this franchise be run part time?
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No |
# of employees required to run | 5-10 |
Are exclusive territories available?
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Yes |
Interested in ownership opportunities like STEAM City Kids? Request a free consultation with a Franchise Advisor now.
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