About STEM For Kids
Our story started one hot Raleigh summer in 2011. To escape from the SEngineer STEMun, my kids and I decided to play indoors. You see, my busy corporate life laced with frequent travel had inspired my rising 1st grade daughter to draw pictures of the family with mom always working.
I was determined to change that! That day, we were using a piece of paper to make a bridge across two paper cups. The first design couldn’t even hold one pencil. We kept working on it until they came to a design where that same single piece of paper could now hold 20 pencils and it was still holding strong! Their eyes lit up and they were totally amazed.
The sparkle in their eyes has stayed with me since. That ‘Aha’ moment they made a meaningful connection with learning. Little did I know that these were the seeds of something big!
Inspired, we stayed very creative that summer we were “engineering fun with math and science”. Those playful experiences became our first Civil Engineering program. STEM For Kids was born. Along with the name, came our EngineerSTEM, the embodiment of what we felt that summer – an integrated STEM with real life skills. Kids, mine and others’, just loved EngineerSTEM.
STEM for Kids® provides educational enrichment in Robotics, Engineering and Computer Programming for children ages 4 – 14 through camps, afterschool programs, in-school field trips, workshops in schools and in outside community spaces.
Company Founded
2011
Current Leadership
Moni Singh, President
Started Franchising
2014 (7 years)
Total Number of Units
122 (as of 2020)
Part-Time / Full-Time
Part Time
How Much Does It Cost To Open A STEM For Kids Franchise?
There are several costs associated with opening a STEM For Kids franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a STEM For Kids franchise. The weekly fee for opening a STEM For Kids franchise is Royalty Due On The 9Th Business Day (2019).
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (STEM For Kids Is Renewable) and does the franchise offer financing support (STEM For Kids STEM For Kids has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment).
STEM For Kids Company Details
Here are some additional details about STEM For Kids.
| Initial Investment | $39,500 |
| Net Worth Requirement | $400,000 |
| Royalty Fee | 7%+ |
| Ad Royalty | 2% |
| Cash Requirement | $50,000 |
| Term of Agreement | 7 years |
| Absentee Ownership | No |
| Run from Home | Yes |
| Part Time | Yes |
Training and Support Offered By STEM For Kids
STEM For Kids offers several support options to its franchisees. With 122 (as of 2020) units, STEM For Kids aims to provide support to each franchise owner to help them operate a successful franchise location. STEM For Kids offers 21.5 hours on the job training, 10.5 hours classroom training, and Virtual training additional training.
Training and Support Offered
Here are the support options offered by STEM For Kids.
| On-The-Job Training | 21.5 hours |
| Classroom Training | 10.5 hours |
| Additional Training | Virtual training |
| Ongoing Support |
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| Marketing Support |
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Is STEM For Kids Right For You?
STEM For Kids has gone digital! Here are all of the ways you can find STEM For Kids online. Oftentimes, you can reach out to current franchisees of STEM For Kids online. Current franchisees may be able to offer personalized insights into what it is like owning a STEM For Kids franchise and offer tips to running a successful STEM For Kids franchise location.
Why Should You Start a STEM For Kids Franchise?
Investing in a Children franchise such as STEM For Kids can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about STEM For Kids franchise and we'll be in touch soon!
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