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    Challenge Island

    Description

    What to know about Challenge Island franchise?

    Challenge Island's programs foster critical and creative thinking skills, problem solving methodology, and STEAM principles in children ages 4-14. Challenge Island is a franchise concept in the Education Programs industry.

    Investment Amount

    $48K-$62K

    Franchise Fee

    $39,900-$39,900

    Year of Founding

    2003

    U.S. Franchised Units

    77

    U.S. Corporate Units

    3

    Total U.S. Units

    80

    Franchise Data
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    * Closed includes terminations, non-renewals, and ceased operations

    Franchise Graph
    Additional Details

    Where was Challenge Island founded?

    Challenge Island was founded in Marietta, Georgia.

    When did Challenge Island start offering franchises

    Challenge Island started offering franchises in 2012.

    How much does a Challenge Island franchise cost?

    The minimum amount required for a franchisee to invest is $48,300, and can go all the way up to $62,950.

    How many Challenge Island units are in the United States?

    There are 80 Challenge Island locations in the United States, of which 3 are corporate units and 77 are franchise units.

    From the Franchise Disclosure Document of Challenge Island, that was issued on April 30, 2020.

    As a Challenge Island franchisee, you will own and operate a business within a defined protected territory, providing unique challenge-based programs designed to foster critical and creative thinking skills, problem solving methodology, and core STEAM (Science, Technology, Engineering, Art, Mathematics) principles in children ages 4 to 14-1+

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    Download our guide to compare Challenge Island to the Education Programs, STEM industry.

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    Details
    • Investment Amount Low

      $48,300

    • Investment Amount High

      $62,950

    • U.S. Franchised Units

      77

    • U.S. Corporate Units

      3

    • Total U.S. Units

      80

    • Year of Founding

      2003

    • Started Offering Franchises

      2012

    • Marketing Fee

      2.0%

    • Royalty Fee

      7.0%

    • Franchise Fee

      $39,900-$39,900

    • Item 19 - Franchise Financials Disclosed?

      No

    • Headquarters (State)

      Georgia

    • Headquarters (City)

      Marietta

    • Issuance of FDD (Data Last Updated)

      4/30/2020

    • Last Updated on Vetted Biz

      August 2020

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    What are your goals in opening a business?

    Flexibility
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    Quality of life
    Challenge Myself
    Be my own boss
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    Detailed Metrics

    Detailed Franchise metrics for Challenge Island Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Challenge Island below. “N/A” or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

    U.S. Franchised Units

    77

    U.S. Corporate Units

    3

    Total Number of Units

    80

    Industry Report Request

    Download our guide to compare Challenge Island to the Education Programs, STEM industry.

    By clicking the button, you agree to Vetted Biz’s Terms of Use and Privacy Policy and consent to receive notices and other communications electronically.

    SBA Loan Data

    SBA Loan for Challenge Island Details

    Please visit the SBA Loan Franchise Directory for the latest details on each franchise and its SBA loan eligibility.

    Vetted Biz has reviewed the SBA Loan Data for Challenge Island. Challenge Island is available for SBA financing. Challenge Island's SBA Franchise Identifier Code was issued on April 24, 2018. Challenge Island also meets the Federal Trade Commission's definition of a franchise.

    SBA Loan Information
    • Loan Eligible for SBA financing (listed on SBA Franchise Directory)?

      Yes

    • Meets the FTC's definition of a franchise?

      Yes

    • Franchise Identifier Code for SBA Loans

      S2998

    • Issuance Date of Identifier Code

      April 24, 2018

    • Addendum Required for SBA Financing?

      Yes

    • SBA Standard Addendum (Form 2462)

      Yes

    • SBA Negotiated Addendum

      No

    • FDD Issuance Date

      4/30/2020

    • Last Reviewed on SBA Franchise Directory

      June 2020

    • Last updated on Vetted Biz

      August 2020

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    Detailed SBA Loan Data Request

    Contact us today for a due diligence on all current and past SBA Loans issued to Challenge Island

    As part of our due diligence process for franchises, we review the SBA loan success ratio. This is a fundamental indicator for measuring past success for a given franchise brand. We review SBA loan data for the past 30 years (including SBA loans paid in full and charged off). If you engage our services, we will vet Challenge Island for items that influence the business success should you decide to buy a Challenge Island franchise. The SBA loan success ratio is an important factor we consider along with other items included on our franchise search & due diligence page.

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