To start a Snapology franchise in Canada, here are some key details and steps:
- Franchise Overview:
- Snapology offers educational programs for children, focusing on STEAM (Science, Technology, Engineering, Arts, and Math) through interactive play using LEGO bricks, K’NEX, and other creative tools.
- It provides franchises for both in-center classes and mobile services, allowing franchisees to choose between various models.
- Investment Costs:
- Initial Franchise Fee: Around CAD 25,000–30,000 (varies depending on location and model).
- Total Initial Investment: Typically ranges between CAD 85,000 to CAD 130,000, covering the franchise fee, equipment, marketing, and initial operating costs.
- Ongoing Royalties: Typically 7-8% of gross revenue.
- Marketing Fee: Around 2-3% of gross revenue for national and local marketing campaigns.
- Requirements to Apply:
- A passion for education and working with children.
- A minimum liquid capital of CAD 75,000–100,000.
- Previous business experience, ideally in education, franchising, or customer service.
- Ability to manage staff and oversee business operations.
- Training and Support:
- Snapology offers extensive training, including both initial training and ongoing support. Training covers operations, marketing, customer service, and program delivery.
- Franchisees are provided with a business plan template and marketing materials to help launch their business.
- Franchise Models Available:
- Mobile Franchise: Operates out of a van or vehicle, delivering programs at schools, daycare centers, and other locations.
- In-Center Franchise: A physical location where classes and programs are held.
- Combination Model: A hybrid of both, allowing franchisees to run in-center classes and mobile programs.
- Other Considerations:
- Local zoning laws and business permits may apply based on your location.
- You will need to secure a lease for your physical location if you choose the in-center model.
- Franchisees should be prepared for a long-term commitment, as the business generally takes time to become profitable.
Disclaimer: This information has no guarantee of accuracy. Please verify all details with the official Snapology franchise team before proceeding.