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2021 Franchise 500 Rank
#173 Ranked #280 last year
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Initial investment
$50K - $84K
Units as of 2020
122 916.7% over 3 years

Company Overview

About STEM For Kids

Founded
2011
Leadership
Moni Singh, President

Franchising Overview

Franchising Since
2014 (7 years)
# of employees at HQ
10
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
122 (as of 2020)

Franchisor Information

Corporate Address
112 Pheasant Wood Ct., #C
Morrisville, NC 27560

Information for Franchisees

Here’s what you need to know if you’re interested in opening a STEM For 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
$39,500
Initial Investment
$49,500 - $83,650
Net Worth Requirement
$400,000
Cash Requirement
$50,000
Royalty Fee
7%+
Ad Royalty Fee
2%
Term of Agreement
7 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
STEM For Kids has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment

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
21.5 hours
Classroom Training
10.5 hours
Additional Training
Virtual training
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

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
1
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where STEM For Kids landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where STEM For Kids ranked on other franchise lists? Find out below.

Ranked #173

Franchise 500 Ranking

Ranked #153

Top Global Franchises

Ranked #14

Top Franchises for Less Than $50,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021