Challenge Island

Overview

Website: www.challenge-island.com

Franchise Fee: $44,900

Royalties: 7% (minimum of $1200/12 weeks go

Cash Investment: $44,900

Total Investment: $48,300 - $62,950

Net Worth: $100,000

VetFran: Yes

SBA Approved: Yes

Master Franchise / Area Developer Opportunity: Yes

Additional Details

WHY Choose Challenge Island?
Challenge Island is a proven and well-established franchise model that has received 18 Franchise 500 Rankings from Entrepreneur Magazine, 4 Parents Picks awards and numerous Game Changer and Frantastic 500 awards. With over 150 franchises ,15,000 community partners and 5 million children served, Challenge Island formidable national brand recognition within the educational and parent sector. That platform has increased exponentially with the release of our bestselling STEAM book series which the School Library Journal called ”A great STEM/STEAM book series that belongs on the shelves of every elementary and middle school library.” Challenge Island is a one-of-a-kind franchise opportunity with a nurturing family-like franchise culture and unparalleled franchisee support.
Parent-Paid Educational Enrichment is an 8 Billion Dollar Industry.
Parent-Paid Summer Camp is a 20 Billion Dollar Industry.
During the 2022-2023 school year, 56% of public schools are offering afterschool enrichment programs.
Challenge Island’s perfect alignment with National Common Core and Next Generation Science Standards combined with its critical emphasis on 21st Century skills, makes it an ideal recipient for National government grant funding such as Title 1. This is a massive market for our franchisees. In 2022, Title 1 received 36.5 Billion dollars to spend on curricular programs like Challenge Island.
Mobile business, programs run onsite in schools so there is no overhead of a brick and mortar.
Demand is enormous for Challenge Island!
OUR IDEAL FRANCHISEE
Our 150+ owners come from diverse backgrounds with 50% being former educators and the rest running the gamut of professional backgrounds.
Visionary and Passionate: Aims to Make a Difference AND an Income
Love of Working with Children + Entrepreneurial, Spirit
Fun and Outgoing Personality + Strong Communication Skills
Enjoys being a Team Player and Collaborating with Our Owners Ohana
Creative Thinker with Big Dreams and a Fundamental Growth Mindset.
Lots of Dog Lovers!
AVAILABLE MARKETS
US markets available: All except noted below
NOT available: WA
Available in Canada: No
International Referrals: No
BACKGROUND
Year founded: 2003
Year Franchised: 2012
Number of franchises currently operating: 165
Number of International franchises currently operating: 0
Number of corporate owned franchises: 0
Home Based: Yes
Absentee ownership available: No
Semi-Absentee ownership available: Yes
Accepting Master Franchisor and Area Developer Referrals: Yes
Average number of employees required: 0-3
E2 Visa Friendly: Yes
FINANCIAL DETAILS
Franchise Fee: Single: $44,900
Providing earnings guidance in Item 19 in FDD: No
Total investment range: Single Unit: $48,300 to $62,950
Net worth requirement: $100,000
Royalty: 7% (minimum of $1200/12 weeks goes into effect after the first 9 months)
Additional fees: $75/mo FMT
Financial assistance available: 3rd Party
VetFran program: Yes
Veterans/Minorities/First Responders Discount? Yes
SUPPORT & TRAINING PROVIDED
Training and support program details:
At least two (2) weeks before the opening of your Business, you must attend, and we will provide four (4) days of training for you and your initial staff (not to exceed four (4) individuals) at no cost.
Cost for Training: Included
Lodging and airfare included: No
Site Selection Assistance: No
Lease Negotiation Assistance: No
Mentor following training: Yes
Length of men

Why Challenge Island?

Our Ideal Franchisee

Available Markets

Background

Year founded: 2002

Year Franchised: 2013

Home Based: Yes

Financial Details

Franchise Fee:$44,900
Providing Earnings Guidance in Item 19 in FDD:No
Total Investment Range: Single Unit: $48,300 - $62,950
Net Worth Requirement:$100,000
Royalty:7% (minimum of $1200/12 weeks go
VetFran Program:Yes

Available Resales

There are currently no resales listed for this franchise.

Support & Training Provided

Training and support program details: