- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$36K - $59K
- Units as of 2016
-
88
Company Overview
About Young Engineers
| Industry | Children's Businesses |
|---|---|
| Related Categories | Children's Enrichment Programs: Miscellaneous, Tutoring |
| Founded | 2008 |
| Leadership | Amir Asor, Founder and CEO |
| Corporate Address |
6022 W. Maple Rd., #403 West Bloomfield, MI 48322 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 2008 (17 years) |
|---|---|
| # of employees at HQ | 25 |
| Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions: |
| # of Units | 88 (as of 2016) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Young Engineers 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
|
$25,000 |
|---|---|
|
Initial Investment
|
$36,400 - $59,183 |
|
Net Worth Requirement
|
$35,000 |
|
Cash Requirement
|
$33,500 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
7%+ |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
6 years |
| Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Ongoing Support |
Purchasing Co-ops
Newsletter
Online Support
Security & Safety Procedures
Field Operations
|
|---|---|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
No |
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