E2 YOUNG ENGINEERS Franchise Startup Cost, Profit Margin, Revenue and Locations
When you seek for a franchise opportunity that you can actually purchase with a very low investment and when you are passionate about working with young people to help them develop their engineering skills, then it is time considering how much is an e² Young Engineers Franchise.
WHAT IS E² YOUNG ENGINEERS ALL ABOUT
What e² Young Engineers does is to introduce theoretical knowledge to young and growing kids and also implement the practical aspect of this knowledge especially in Science and technology, Mathematics and Engineering fields. These programs are created to establish educational goals that can be achieved through combination of digital and hands-on learning systems with the company’s customised design – LEGO and the K’Nex assembly kits.
Using this combination the company successfully implement an effective curriculum and teachings on programming designed to meet an educational format.
E² Young Engineers was established in the year 2008 and it started with 8 learning centres that utilize a single lesson plan and curriculum. At the moment the company has grown into hundreds of learning centers spread across 8 countries of the world. The programs established by the company have proven to be successful that in the year 2011, the founder Amir Asor was given the award of the Youth Business International’s Entrepreneur of the year.
IS e² Young Engineers A FRANCHISE?
With hundreds of location spread in different countries of the world, e² Young Engineers can be considered to be a franchise unit, owing to the fact that most of the locations are not directly owned by the company. The company started selling franchise opportunities in the year 2008, which was the year of its establishment. And presently they have perfected their franchise model to the extent that you only get to make great profits buying into their franchise opportunity.
THE E² YOUNG ENGINEERS FRANCHISE OPERATING MODEL
The e² Young Engineers franchise is home based and when you buy into the franchise, your responsibility will be to provide education and tutoring services to growing children and their families, using the company’s patented curriculum that is focused around the LEGO and K’Nex bricks.
You will also be saddled with the responsibilities of instilling some specific skills into these children, who are considered your clients. Skills that will remain invaluable to them for the rest of their lives.
The company’s tested and proven programs make use of scientific principles in ways that are filled with fun and combines experiments that instil engineering intuition into the kids.
These programs are delivered to the clients in partnership with local community centres, playgroups, schools, religious organizations and most other centres that children activities take place.
HOW MUCH CAN I MAKE AS AN E² YOUNG ENGINEERS FRANCHISEE?
The amount of money that you can make as a franchisee with the company will depend on a lot of factors, which will include the area that you live in, the cost of labor in that area, lease rates and a host of other factors.
If you need assessment on how much you can make with the company’s franchise, the company will be so ready to help you with that information.
BENEFITS OF AN E² YOUNG ENGINEERS FRANCHISE
When you buy into an e² Young Engineers franchise, you will be tapping into a whole lot of opportunities, which will be discussed as follows:
- There is minimal risk involved in buying into an e² Young Engineers franchise as the company has a 6 months 50% money back guarantee. This you will not get with most other franchises around. If after 6 months of operating your franchise unit and you feel that you are not satisfied with the services, then you get your 50% back of the initial franchise fee payment made to the company.
- The franchise is quite easy to operate as the company has developed a very simple and very easy approach to an educational-based business that is very easy to learn. Franchisees with e² Young Engineers leave the training with the confidence, knowledge and tools that they need to grow a very successful children’s education business.
- Among other benefits that you get is the opportunity to get repeated business. With this the value of every customer that you work with can be measured in years and not on individual transactions.
HOW MUCH DOES AN E² YOUNG ENGINEERS FRANCHISE COST
The e² Young Engineers franchise cost will be the total investments that will be expended in establishing a franchise unit. The initial investment needed is within the range of $36,000 to about $60,000 with a net worth requirement of about $35,000 and then a liquid cash requirement of around $33,000
THE E² YOUNG ENGINEERS FRANCHISE FEE
The e² Young Engineers franchise fee is the payment made to the company to get the license to operate under the company’s brands. The initial franchise fee is $25,000 with an on-going royalty fee of about 7% and an ad royalty fee of about 3%
DOES E² YOUNG ENGINEERS FRANCHISE OFFER FUNDING?
The company does not offer any form of direct or indirect financing to their franchisees.
HOW TO OPEN AN E² YOUNG ENGINEERS FRANCHISE
Once you have gotten the information on how to open an e² Young Engineers franchise, the next step to take is to submit your application to the company’s website. This will be reviewed and feedback will be given after some few days.
If you are considered for a franchise opportunity, you will be assigned a franchise manager who will give you further guidance on how to open your e² Young Engineers franchise unit.
e2 Young Engineers is a business that offers tutoring and educational services to children and families worldwide. The program includes conduction of experiments which serve as the basis of science. e2 Young Engineers uses curriculum around K’nex bricks and LEGO as they help children to develop skills that they will find useful throughout their lives.
In this article I will tell you about the company, their success and their franchising opportunities. As an entrepreneur with an eye for good business, you ought to pay attention because I will reveal their franchise program and all you need to be a part of it and run it successfully.
ABOUT e2 YOUNG ENGINEERS FRANCHISE
e2 Young Engineers is an education business that was founded in the year 2008 by Amir Asor.
Having had learning disabilities at childhood, the founder, who also serves as e2 Young Engineers’ CEO was inspired to start this kind of business from his own experience. He knows better than most people that children learn in different ways and one method working for one child may not work for another, so the use of diverse teaching methods is what makes their programs stand out.
Having in mind that learning should not be a burdensome and tiring process which kills the interest of children, e2 Young Engineers provides a learning environment that is also fun for the students so that they can learn and also enjoy the way they gain knowledge.
The programs of e2 Young Engineers are useful in teaching Science, Technology, Engineering and Mathematics related subjects. The programs are very flexible, accommodating all kinds of children with their different learning paces, making children comfortable while using suitable methods to challenge and bring out the best in them
The teaching methods have been so fruitful, hence the massive success of the busines shortly after it was launched. e2 Young Engineers started franchising the same year it was founded and has units in over 42 countries all over the world.
e2 Young Engineers franchise offers a very safe and low risk business opportunity to entrepreneurs. Doing business here comes with a six months 50% money back guarantee, if after six months of operating as a franchisee with e2 Young Engineers franchise, you find yourself unsatisfied with the outcome, you can be rest assured that you will get back 50% of your initial investment.
This is a very good venture every entrepreneur should consider because the education industry will never go out of fashion, the demand for services offered by e2 Young Engineers can only increase.
In 2011, Prince Charles of England awarded the founder of e2 Young Engineers, Amir Asor with the prestigious Youth Business International (YBI) ‘Entrepreneur of the Year’ award.
Here is a breakdown of the requirements you must heed for you to start a franchise with e2 Young Engineers, you will need two employees to operate.
HOW MUCH DOES AN e2 YOUNG ENGINEERS FRANCHISE COST?
To start up a franchise with e2 Young Engineers, you must have a liquid capital of $35,000 minimum, along with other financial requirements.
e2 YOUNG ENGINEERS FRANCHISE FEE
You are expected to pay a franchise fee of $20,000. This payment gives you the right to use the business name and trademark of e2 Young Engineers anywhere in the world.
e2 YOUNG ENGINEERS FRANCHISE STARTUP COST
Starting up this business will cost you money ranging from $31,400 to $47,000. You must also have a minimum net worth of $65,000 before you can qualify to start up as a franchisee with e2 Young Engineers.
e2 YOUNG ENGINEERS FRANCHISE TRAINING AND SUPPORT
e2 young Engineers franchise will make sure, through provision of quality training and support that your business will be fruitful. They have set up a support program for their prospective franchisees, one that looks like this;
- Training will be held at the headquarters for you and your staff
- Tools to grow your business will be given to you and your staff after the training
- Franchisee will operate an exclusive territory
- Franchisor provides marketing support
- Newsletters will be available
- Additional online training
- e2 Young Engineers franchise has relationship with third party fianancers that can assist your business financially.
e2 YOUNG ENGINEERS FRANCHISE TERMS OF AGREEMENT AND RENEWAL
e2 Young Engineers franchise will reach an inital agreement with the franchisee which will last for ten years. On expiration of this agreement, the franchisee can renew it. The renewal will be valid for five years.
HOW MUCH DOES AN e2 YOUNG ENGINEERS FRANCHISEE MAKE?
This information is not explicitly published, refer to the Franchise Disclosure Document (FDD). You should note that the amount of profit you make from your business has a lot to do wit the territory allocated to you and your general utilization of the support given to you by e2 Young Engineers franchise.
HOW TO OPEN AN e2 YOUNG ENGINEERS FRANCHISE
To begin, visit this website http://www.youngeng.net/franchise/, fill the form and wait for a reply from e2 Young Engineers franchise.
The business has over 22,000 students and and is headquartered at Science Park, Mail Box 4077, Nes Ziona, Israel, P.C. 7414002.