
Snapology
STEAM education programs- 2022 Franchise 500 Rank
-
#309 Ranked #114 last year
- Initial investment
-
$60K - $277K
- Units as of 2022
-
172 72.0% over 3 years
Here’s what you need to know if you’re interested in opening a Snapology franchise.
Snapology is a mobile company that teaches STEM concepts through workshops, camps, and parties. The company aims to empower children through learning with its innovative project-based program and activities. Snapology is one of the top education franchises and has even been ranked several times by Entrepreneur as one of the Fastest-Growing Franchises.
In 2010, sisters Laura and Lisa Cole founded the Snapology company as a play program for children between the ages of one and fourteen using Lego, K'Nex, and iPads. Snapology aims to teach science, technology, engineering, art, and math in a playful, no-pressure environment.
Snapology currently has more than 100 franchise locations in North America, as well as dozens throughout the rest of the world. As a top emerging franchise, the brand is looking to expand with willing STEM-minded entrepreneurs.
Why You Should Think About Starting a Snapology Franchise
Snapology is a learning-based franchise that is fun to own. With low startup costs, a personalized website, and a comprehensive curriculum, you'll have a blast while providing valuable experiences to customers.
Snapology helps its franchisees make the business fit their personal and business objectives. You are given the opportunity to choose your courses and programs. Snapology has 80 programs available with over 1,000 hours of curriculum. It also offers over 40 birthday party themes to add to your business.
The variety of programs allows you to cater to your market and your customers’ needs. Franchisees also get ongoing support and the production of new innovative services to add to their Snapology curriculum.
What Could Make Snapology A Good Choice?
If you are organized, passionate, optimistic, self-motivated, have a good business sense, and are ready to invest, then you might be an ideal candidate for a Snapology franchise. The franchise fee for a Snapology franchise changes for different locations in the U.S., Canada, and other countries. You will also have other startup costs, so make sure you have enough liquid capital to meet the requirements.
Snapology makes it easy to start up your enterprise. You will be able to set up children's camps, parties, and enrichment courses from your own house, reducing the overhead costs associated with a physical store. A typical territory consists of 100 school and 50 preschool programs.
How to Open Your Own Snapology Franchise
There are a few simple steps to starting your franchise with Snapology. First, research Snapology and learn more about the typical specifications for opening one of their locations. You will also need to figure out if there is a market for Snapology in your area and look up any competitors.
Second, you may need to fill out some paperwork to see if you qualify to open a Snapology franchise. If you do qualify, you might need to attend a discovery day with Snapology to learn more about the opportunity.
Once you have determined that Snapology is the franchise for you, you can begin the ownership process. A Snapology franchise team member will usually guide you through the initial training. At the end of the training, you will have the skills and education you need to sell and teach your first Snapology lessons.
Company Overview
About Snapology
- Industry
- Children's Businesses
- Related Categories
- Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Education/Enrichment
- Founded
- 2010
- Parent Company
- Unleashed (UA Holdings)
- Leadership
- Laura Coe, CEO
Franchising Overview
- Franchising Since
- 2015 (7 years)
- # of employees at HQ
- 35
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 172 (as of 2022)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Snapology 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
- $39,900 - $99,900
- Initial Investment
- $60,000 - $276,500
- Net Worth Requirement
- $100,000
- Cash Requirement
- $50,000
- Veteran Incentives
- 10% off franchise fee
- Royalty Fee
- 6%
- 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.
- Third Party Financing
- Snapology 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
- 10.5 hours
- Classroom Training
- 25 hours
- Additional Training
- As needed
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
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?
- Yes
- # of employees required to run
- 2-25
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Snapology landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Snapology ranked on other franchise lists? Find out below.
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