- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$172K - $285K
- Units as of 2021
2 100.0% over 3 years
Techie Factory is a technology education franchise that focuses on children and their role in evolving technology for the next generation. It is a place for kids to learn and establish technological skills through a combination of classroom instruction and laboratory activities for coding, robotics, social video creation, computer animation, and more.
Purchased by the private equity firm TF Ventures in 2019, Techie Factory opened for franchising a year later, with a preference towards partners who share the company’s passion for teaching as many kids as possible within their respective territories. Through its non-profit arm, Techie Factory aims to bring its unique brand of technology education to students from economically underprivileged families.
Why You May Want To Start a Techie Factory Franchise
While Techie Factory is essentially a school that teaches technology, franchisees are not required to have prior experience in education or technology. The company’s franchise development program has been designed to make the opportunity available to everyone, provided they can match the required level of commitment. With years of experience as a business and tech education provider, Techie Factory provides all the necessary training to open and operate a Techie Factory franchise with potential growth.
The U.S. tech sector is valued at over one trillion dollars, and the space may be growing each year. Opening a Techie Factory franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
What Might Make a Techie Factory Franchise a Good Choice?
Aside from after-school onsite classes and offsite local school classes, Techie Factory may offer multiple revenue streams, such as seasonal camps, kid parties, parent night-outs, and so on. The franchise also gives students a chance to join e-sport club teams, another big industry in the United States.
To be part of the Techie Factory franchise team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
Techie Factory has partnered with third-party financial sources that will help cover the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll if you meet their requirements.
How To Open a Techie Factory Franchise
As you decide if opening a Techie Factory franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Techie Factory franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement with the Techie Factory franchise, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Techie Factory franchising team questions.
About Techie Factory
- Children's Businesses
- Related Categories
- Children's Enrichment Programs: Miscellaneous, Children's Education/Enrichment
- Parent Company
- Techie Factory Franchise USA LLC
- Freddie Halstead, CEO & Founder
- Corporate Address
5600 W. Lovers Ln., #207
Dallas, TX 75209
- Franchising Since
- 2020 (2023-2020 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees worldwide.
This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
- # of Units
- 2 (as of 2021)
Information for Franchisees
Here's what you need to know if you're interested in opening a Techie Factory 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $172,325 - $284,920
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 15% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 5 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Techie Factory 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
- 20 hours
- Classroom Training
- 36 hours
- Ongoing Support
NewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Techie Factory? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Techie Factory landed on this year's Franchise 500 Ranking versus previous years.
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