Start a STEM For Kids Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $20K - $48K

Units as of 2024: 123

Founded in 2011 and franchising since 2014, STEM For Kids offers educational enrichment in science, technology, engineering, and math (STEM) for children aged four to fourteen. With the increasing demand for additional STEM resources, STEM For Kids fulfills the need by offering a wide breadth of programs. These include in-school workshops, field trips, afterschool programs, special holiday programs, camps, parties, and more.

Why You May Want to Start a STEM For Kids Franchise

The perfect candidate for a STEM For Kids franchise is interested in STEM, wants to impact young minds positively, and yearns to become an active member of their community. Running a STEM for Kids franchise means you'll likely offer STEM programs to young children throughout the year regardless of whether they are in or out of school.

Unlike its competitors, STEM For Kids seems to offer many different courses in entrepreneurship, computer programming, robotics, automation, engineering, and biomedicine. These courses add up to hundreds of hours of coaching. Moreover, the brand conducts its programs in a practical manner. The practicality of the programs may enable children to familiarize themselves with real-life applications.

STEM For Kids introduces the basic concepts of STEM through creative activities for children. The hope is to spike their interest in science and technology. STEM For Kids franchises install design models and tiny science centers to make learning hands-on, fun, and easy to understand.

What Might Make a STEM For Kids a Good Choice?

STEM For Kids has been ranked in Entrepreneur's Franchise 500 multiple times in recent years. This evaluation is based on more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

To be part of the STEM For Kids team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You also 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.

STEM For Kids protects a franchisee's territory, meaning that you should not have competition from other STEM For Kids franchises. Initial training may include anything from site selection to organizational planning to operations. They might also cover hiring, marketing, business development, customer relations, lead conversion/management, program administration, and launch curricula in the trainings.

How To Open a STEM For Kids Franchise

You'll first need to fill a qualification form. Suppose you have what it takes to operate your own franchise. In that case, you'll be invited for an introductory representative session to talk about your goals and priorities and how the company can help you achieve them. A franchise development expert may then get in touch with you to help you understand how the business model works.

Next, you'll be invited to meet with corporate executives at their headquarters in Morrisville, North Carolina to see real-time operations and receive formal approval for your franchise. Afterward, they will train you on setting up and running your business before opening doors to your STEM For Kids franchise.

Company Overview

About STEM For Kids

Industry	Children's Businesses
Related Categories	Children's Enrichment Programs: STEM, Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Education/Enrichment
Founded	2011
Leadership	Moni Singh, President
Corporate Address	9650 Strickland Rd., #103-419 Raleigh, NC 27615
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube, TikTok

Business Overview

Franchising Since	2014 (10 years)
# of employees at HQ	4
Where seeking	This company is offering new franchises worldwide. This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
# of Units	123 (as of 2024)

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 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.	$12,500
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.	$19,950 - $48,150
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.	$125,000 - $400,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$20,000 - $50,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	12% 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.	6%
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.	2%
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.

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	10 hours
Classroom Training	26 hours
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? 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	1
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