Is Bricks 4 Kidz a franchise? How much does a Bricks 4 Kidz franchise cost? Do you need info on Bricks 4 Kidz franchise price and fee to open one?
The Bricks 4 Kidz franchise specializes in the provision of training for kids mostly within the age grade of 3 to 13. This training makes use of LEGO bricks to impart engineering skills, principles and methodology through actively engaging them in camps, parties and classes.
The Bricks 4 Kidz franchise is a flexible business opportunity that can be operated either full time or part time. Here, the franchisee has the freedom of choice to decide how to manage his/her franchise.
Founded by Michelle Cote in 2008, the Bricks 4 Kidz franchise has grown to become an attractive investment option for prospective franchisees with interest in this sector. With its corporate headquarters located at St. Augustine, Florida, the Bricks 4 Kidz franchise opened its franchising arm for investments a year after it was founded in 2009. Creative Learning Corp. is its parent company, while Rod Whiton is its CEO.
Currently, the Bricks 4 Kidz franchise has grown into a global brand with presence in over 12 countries, and is arguably among the fastest growing franchises in the world today, with its franchise outlets in excess of 280 across the globe.
Benefits of Owning a Bricks 4 Kidz Franchise
This franchise opportunity presents enormous investment benefits to its franchisees. The Bricks 4 Kidz Franchise is a global brand that boasts of an established track record of excellence. The confidence of doing business with a market leader has far reaching effects on the way the business enterprise is run.
The Bricks 4 Kidz franchise has a proven home-based business model that has been effective over the years, delivering effective services to the client, while creating attractive income streams for the franchisee. This is in addition to the fact that the start-up costs required are relatively lower, compared to other investment opportunities of similar scale.
This franchise opportunity is quite easy, and can be easily taught to anyone. Hence, the franchise candidate does not have to go through rigorous training procedures. Also, the Bricks 4 Kidz franchise has an attractive return on investment that is quick. The best part of it is that there is no national competition.
As a result, franchisees are assured of realising immense profits because they are the only providers of this critical service.
Bricks 4 Kidz Franchise Start-Up Costs
The Bricks 4 Kidz franchise has certain start-up costs its franchisees must incur. These are in the forms of an Initial Investment sum starting from $34,525 to $52,775, a net-worth requirement of $50,000, and a liquid cash requirement of $30,000.
Bricks 4 Kidz Franchise Fee
The Bricks 4 Kidz franchise charges a franchise fee starting from $26,900. Payment of the franchise fee is a mandatory requirement to qualify for consideration. However, under its financing options, there are certain categories of franchise candidates such as veterans that qualify for financing or discount.
Under the Bricks 4 Kidz franchise veteran incentives program, veterans enjoy a 10% discount off the franchise fee. This is the franchisor’s way of appreciating them for their selfless service to their country.
Bricks 4 Kidz Franchise Ongoing Costs
The Bricks 4 Kidz franchise has associated ongoing costs that must be paid by the franchisee to the franchisor. These ongoing costs are in the form of an ongoing royalty fee of 7% and an advert royalty fee of 2%. Larger sized Bricks 4 Kidz franchises attract higher ongoing costs as compared to smaller sized franchises which typically pay lower ongoing costs.
Bricks for Kidz Franchise Training and Support
Bricks 4 Kidz franchise offer a comprehensive training program for its franchisees that involves a training session at its corporate headquarters that lasts a period of 5 days. There is an additional on-site training that lasts a day. Franchisees enjoy a robust support provided by the franchisor. This support is of two kinds; the ongoing support and marketing support.
For the ongoing support, it covers a wide range of areas critical to the success of the franchise. These include field operations, the provision of internet services, plus a newsletter publication. Other areas of support include the provision of security, meetings held occasionally to update the knowledge and expose its franchisees to new innovations, and a purchasing cooperative.
Marketing support covers the use of both national and regional media for advertisements, cooperative advertising and ad slicks.
Bricks 4 Kidz Franchise Terms of Agreements/Renewal
Under the Bricks 4 Kidz franchise terms of agreements/renewal policy, the term length lasts for 10 years. However, renewal depends on meeting the franchisor’s conditions. If the conditions are met, an additional 10 year successor franchise term is added.
How to Start a Bricks 4 Kidz Franchise?
To own a Bricks 4 Kidz franchise, an online application has to be made. First visit the franchisor’s website on http://www.bricks4kidz.com/franchise-info/international-franchise-information/ here, an online application form is made available. Carefully fill this form with the required personal details and submit.
This also includes your financial status. Qualified applicants are contacted by the franchisor through a representative using the contact details supplied during the application process.
The Bricks 4 Kidz franchise is in focus to provide critical information for investors interested in applying for this investment opportunity. With the information supplied, investors are guided on taking informed decisions.