Our 'Academy' is our standard franchise model for territories where there are at least 4000 children between the ages of 5-14 . Our 'Studio' franchise model doesn't require an investment in a fixed location and is meant for smaller territories. An 'Academy' franchise also includes rights to deliver Steamoji at remote locations, such as at schools, community centers, libraries, etc.
The total investment to open a new Steamoji Academy franchise ranges from $197,000 to $396,500. This figure includes a $40,000 franchise fee, as well as the costs for equipment, training, leasing a property, and other items outlined in the chart below.
|Initial Franchise Fee||$40,000||$15,000||Initial Software License Fee||$2,500||$2,500|
|Leasehold Improvements||$60,000 to $150,000|
|Lease Payments (3 Months)||$6,000 to $21,000|
|Permits & Insurance||$500 to $4,000||$200|
|Architect & Engineering Fees||$5,000 to $10,000|
|Fixtures, Furnishings & Equipment||$25,000 to $50,000||$5,000|
|IT & Office Equipment||$10,000 to $15,000||$10,000|
|Fabrication Equipment||$15,000 to $20,000||$15,000|
|Project Kit||$10,000 to $15,000||$10,000|
|Initial Supply of Consumables||$1,000 to $2,000||$1,000|
|Other Products & Supplies||$1,000 to $2,000||$250|
|Launch Marketing (w/ Grand Opening)||$15,000 to $20,000||$5,000|
|Professional Fees||$1,000 to $5,000||$1,000|
|Working Capital (3 months)||$5,000 to $40,000||$5,000|
|Total Estimated Investment||$197,000 to $396,500||$77,500|
Franchise candidates should have a minimum of $100,000 in liquid capital and a net worth of at least $250,000 to get started. The decision to open an Steamoji franchise is a major investment, which is why we offer several financing options that make it possible for us to partner with the most passionate owners in the industry.
By paying a franchise fee, you get access to our 400-hour Built to Solve curriculum™. In addition, we will provide one of the most comprehensive support platforms in the entire industry. We will help you along the three stages of Steamoji ownership, from pre-open activities, to break-even and beyond. We are your experienced business partner.
Start-up costs can vary depending on the market and individual financial needs. To better understand what is typical and how the above numbers might fit a specific situation, fill out the form below and start a conversation about opening a Steamoji franchise.