- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$171K - $321K
- Units as of 2024
-
5
Company Overview
About Wise Wonder Enrichment
Industry | Children's Businesses |
---|---|
Related Categories | Children's Education/Enrichment |
Founded | 2012 |
Parent Company | Wise Wonder Enrichment Franchising |
Leadership | Andy Collins, President |
Corporate Address |
23 Warren St. New York, NY 10007 |
Social | Facebook, Instagram |
Business Overview
Franchising Since | 2023 (1 years) |
---|---|
# of employees at HQ | 7 |
Where seeking |
This company is offering new franchises in the following US states: Connecticut, New Jersey, New York, Texas |
# of Units | 5 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Wise Wonder Enrichment 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
|
$40,000 |
---|---|
Initial Investment
|
$170,873 - $320,516 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
7% |
Ad Royalty Fee
|
2% |
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 | Wise Wonder Enrichment has relationships with third-party sources which offer financing to cover the following: startup costs |
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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 | 25 hours |
---|---|
Classroom Training | 15 hours |
Ongoing Support |
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Lease Negotiation
Field Operations
Site Selection
|
Marketing Support |
Website Development
|
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?
|
Yes |
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