Start a Bricks Bots & Beakers Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $30K - $38K

Units as of 2021: 24 26.3% over 3 years

Bricks Bots & Beakers is a preschool franchise that uses a curriculum background in early childhood education. Founded by Lindsey and Matt Barron, Bricks Bots & Beakers was founded on the idea of introducing technology and engineering to kids before kindergarten. The institution aims to develop children who can think and solve problems as they grow. Bricks Bots & Beakers also believes in combining the best elements of education with entertainment.

The programs developed by Bricks Bots & Beakers create and implement enrichment programs available in the market. From STEAM (Science, Technology, Engineering, Aesthetics, and Math) classes to camps and field trips, they want kids to go as far as they can go.

Bricks Bots & Beakers began franchising in 2014 and has opened over one dozen franchises in the United States. It is actively seeking to expand its reach in both the United States and, potentially, worldwide.

Why You May Want to Start a Bricks Bots & Beakers Franchise

Bricks Bots & Beakers typically appeals to franchisees who consider themselves optimists and people of integrity, who are hardworking and have a good reputation in their community. Franchisees usually have experience in early childhood education or working with children and can create a safe, educational space while adhering to codes and regulations.

Franchisees should also be comfortable with problem-solving and working with parents. Bricks Bots & Beakers has fairly high visibility, which typically calls for high standards in all areas of business.

What Might Make a Bricks Bots & Beakers Franchise a Good Choice?

Bricks Bots & Beakers believe in developing fun ways for 21st century kids to learn and grow. Its classes focus on the 4Cs: communication, critical thinking, collaboration, and creativity & innovation. With that in mind, becoming a Bricks Bots & Beakers franchisee may give you a chance to explore an opportunity to incorporate an interesting and effective curriculum into the education of young children.

To be part of the Bricks Bots & Beakers 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.

How To Open a Bricks Bots & Beakers Franchise

As you decide if opening a Bricks Bots & Beakers 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 Bricks Bots & Beakers franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

As part of your due diligence, you may want to speak to existing franchisees and ask the Bricks Bots & Beakers franchising team questions.

If awarded a franchise, franchisees receive a great deal of support from the Bricks Bots & Beakers brand throughout the franchising process. In addition to pre-opening training, franchisees may receive support through brand awareness, marketing, research, and construction. Bricks Bots & Beakers franchisees also receive hands-on training and continued support after opening their franchise location.

Company Overview

About Bricks Bots & Beakers

Industry	Children's Businesses
Related Categories	Children's Enrichment Programs: STEM, Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Education/Enrichment
Founded	2012
Leadership	Matt Barron, Director of Development
Corporate Address	700 N. Main St., #B-3 Blacksburg, VA 29060
Social	Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since	2014 (10 years)
# of employees at HQ	4
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	24 (as of 2021)

Information for Franchisees

Here's what you need to know if you're interested in opening a Bricks Bots & Beakers 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.	$23,500
Initial Investment 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.	$29,600 - $37,500
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.	$50,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$25,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	15% off franchise fee
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.	7%
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.	1%
Term of Agreement 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.	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.

In-House Financing	Bricks Bots & Beakers offers in-house financing to cover the following: franchise fee
Third Party Financing	Bricks Bots & Beakers 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	10 hours
Classroom Training	40 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
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.	Yes
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.	Yes
# of employees required to run	2-3
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.	Yes