Risk Score
Pending analysis
Investment Range
$50,179 - $101,829
Franchise Fee
$20,000
Total US Locations
41
Business Summary
Techie Kids Club offers franchise opportunities for a business that provides coding robotics and enrichment programs specifically designed for children aged 3 to 8. These programs are delivered through onsite classes conducted at schools, childcare centers, and other approved facilities.
Corporate History
The Techie Kids Club business concept first opened in Florida in 2018 as a division of Kid Orange Tech. In 2020, the business was transferred to an affiliate, Techie Kids Club Inc., which expanded operations to Florida, Georgia, Illinois, and Texas. The current franchisor, TKC Franchising, LLC, was formed in September 2023 specifically to offer franchises for Techie Kids Club businesses and began franchising in October 2023. The franchisor itself has never directly owned or operated a Techie Kids Club business.
Financial Overview
Investment Range
$50,179 - $101,829
Franchise Fee (Low)
$20,000
Franchise Fee (High)
$25,000
Royalty %
10%
Equipment Costs (Low)
$5,329
Equipment Costs (High)
$6,029
Working Capital
$15,000
Audited Financials
No
Offers Financing
No
Financial Health Notes
TKC Franchising, LLC is a newly formed company, organized in September 2023. As such, the company has not been in existence for three years and cannot provide a full set of financial statements required by FTC guidelines. The provided financial statements consist only of an unaudited opening balance sheet as of September 25, 2023. It is important to note that no certified public accountant has audited these figures or expressed an opinion on their content or form. This means there is no independent verification of Techie Kids Club's financial position at this early stage of its franchising operations.
Financing Details
Techie Kids Club does not offer any direct or indirect financing to its franchisees. This means that franchisees will need to secure their own funding for the business through third-party lenders or other sources. Techie Kids Club also does not guarantee any of a franchisee's notes, leases, or other financial obligations.
Performance Metrics
Total US Locations
41
Franchised Units
0
Corporate Units
41
Franchising Since
2023
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Techie Kids Club has no litigation history to report. Item 3 of its Franchise Disclosure Document states that no litigation is required to be disclosed.
Bankruptcy History
Techie Kids Club has no bankruptcy history to report. Item 4 of its Franchise Disclosure Document states that no bankruptcy is required to be disclosed.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew their Techie Kids Club franchise agreement, franchisees must notify the franchisor in writing between 180 and 270 days before their current term expires. They must not be in default under any agreement, sign a general release of claims, and sign the franchisor's then-current form of franchise agreement and other required documents. The new agreement may have materially different terms, and Techie Kids Club reserves the right to change the territory boundaries upon renewal according to its current guidelines.
Training & Support Program
Franchisor Assistance
Before a Techie Kids Club franchise opens, the franchisor provides access to an operational manual and arranges for an affiliate to sell and deliver a Startup Kit of necessary items. It also helps develop and launch a microsite for the business and provides a suggested marketing plan with access to approved advertising materials. Initial training is provided for the Managing Owner and an initial manager. During operation, Techie Kids Club licenses the use of its proprietary TKC Tech Platform, maintains a corporate website, and its affiliate manages the microsite. It offers guidance and recommendations for improving business operations and provides periodic training programs. The franchisor also offers suggested retail pricing and may, but is not obligated to, establish a brand fund, conduct field visits, develop new classes or tools, negotiate supplier agreements, or arrange contracts with Corporate Accounts.
Initial Training Hours
30
Training Location
Tampa, FL and virtually
Ongoing Support
After opening, Techie Kids Club provides ongoing support in several ways. The franchisor offers guidance and recommendations to help improve business operations. It also provides periodic training programs, including mandatory refresher courses at corporate headquarters and virtual training. If operational deficiencies are found, remedial training may be required. Franchisees can also request additional training, though the franchisor is not obligated to provide it. Techie Kids Club may also hold periodic conferences to discuss business and operational issues, which are generally mandatory. The franchisor's affiliate provides ongoing maintenance and updates for the TKC Tech Platform and the franchisee's microsite. Additionally, Techie Kids Club may conduct field visits for onsite consultation, assistance, and guidance.
Franchise Requirements
Ideal Candidate Profile
Techie Kids Club seeks Managing Owners who will hold overall responsibility for the management and operation of their Techie Kids Club business. While these owners are not required to teach classes or provide onsite supervision, they must successfully complete all mandated training programs and dedicate a reasonable amount of time to the business. Techie Kids Club also offers area development rights to qualified multi-unit developers who are committed to opening and operating a minimum of two Techie Kids Club businesses.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Supervisory
Territory Type
Non-Exclusive
Territory Size Requirements
Techie Kids Club territories are defined geographically and typically include a range of schools. Most territories are designed to encompass 75 to 125 schools, specifically charter or private preschools and elementary schools. The smallest available territories will contain a minimum of 50 such schools. For area developers, the size of the development territory is determined by the number of individual Techie Kids Club businesses they commit to open, rather than a specific minimum or maximum geographic size. Territories may be defined by county boundaries, zip codes, or other methods chosen by the franchisor.
Staffing Notes
Techie Kids Club franchisees must designate a Managing Owner who is responsible for the overall management and operation of the business. This Managing Owner must complete all required training and dedicate a reasonable amount of time to supervising the Teachers or a hired manager. The Managing Owner is not required to teach classes or provide onsite management. Franchisees may hire a manager to manage the business and supervise Teachers; this manager must also complete training and sign a Brand Protection Agreement. Franchisees must employ a sufficient number of certified Teachers to conduct classes. Teachers are trained by the Managing Owner or manager, must pass background checks, and sign a Confidentiality Agreement. Franchisees are solely responsible for all employment-related decisions, including determining appropriate staffing levels, hiring, training, and supervising their employees. They must inform employees that they are the sole employer and use their legal business entity name on all employment documents.