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General

Industry

Children Programs

Category

Music

SBA Identifier

S0520

Year of Founding

1999

Fees

Marketing Fee

1%

Royalty Fee

Varies

Franchise Fee

$27,500-$27,500

Investment Range

$34K-$74K

Location units

Total U.S. Locations

52

U.S. Franchised Units

52

U.S. Corporate Units

0

Headquarters (City)

Fort Myers

Other

Item 19 - Franchise Financials

No

Financing Availability

yes

Started Offering Franchises

2000

Issuance of FDD Data

03/15/2022

What to know about Drama Kids franchise?

Drama Kids businesses provide drama-based programs for children and teenagers ages 4 to 17 through a progressive curriculum that enables students to develop leadership, teamwork, and social interaction skills, public speaking skills, acting skills, confidence, self-esteem, and a positive approach to life (“Drama Kids Business(es)”).

Drama Kids is based in Fort Myers, FL. Scroll down to learn more!

How much does a Drama Kids franchise cost?

Are you wondering how much is a Drama Kids franchise? Before starting a Drama Kids franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Drama Kids franchise is $33,800 and can go all the way up to $73,500. Keep in mind, you should also allocate additional funds to live off of while the Drama Kids business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Drama Kids franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Drama Kids business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Drama Kids franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Drama Kids. Hotels to the Music, Outdoor Children Programs industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 50 15 2 63
2017 63 11 3 71
2018 71 7 5 73
2019 73 5 8 70
2020 70 0 15 55

Additional Details

How much does a Drama Kids franchise owner make?

Drama Kids franchise earnings and revenue can vary significantly from one franchisee to another.
The Drama Kids franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Drama Kids unfortunately does not disclose financials on how much Drama Kids franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Drama Kids does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Drama Kids franchisees. Do note that Drama Kids is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Drama Kids franchisees to understand how much money they are making from their Drama Kids business.

You should also speak to former Drama Kids franchisees to understand why they left the system. Did they sell their Drama Kids at a profit? Were they forced to close their Drama Kids franchise down because it kept losing money?

What is the Drama Kids franchise fee?

Owning a Drama Kids franchise requires Varies royalty fee and 1% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Drama Kids Franchise Disclosure Document

Keep in mind, there is also an initial Drama Kids franchise fee of $27,500 that is included in the initial investment amount of $33,800 to $73,500. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Drama Kids franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Drama Kids franchise fee of $27,500.

Visit the Drama Kids metrics tab to explore the financials for this business, royalty and marketing fees compare to other Children Programs franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Drama Kids founded?

Drama Kids started offering franchises in 2000. Drama Kids was founded 23 years ago in 1999.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Drama Kids locations are in the U.S.?

As of 2022, there were 52 locations across the U.S. There are also corporate locations. Most Children Programs franchises like Drama Kids have more franchised locations than corporate locations.

How many Drama Kids franchises opened over the past few years?

Over the prior 3 years we have data for, Drama Kids has opened 8 outlets throughout the U.S. Visit the Drama Kids metrics tab to explore how the openings compare to other Children Programs franchises.

How many Drama Kids franchises closed over the past few years?

Over the prior 3 years we have data for, Drama Kids has closed 29 outlets throughout the U.S

Visit the Drama Kids metrics tab to explore how the openings compare to other Children Programs franchises.

Is Drama Kids growing? Are they opening more locations than they are closing?

The net unit growth rate for Drama Kids over the past 3 years is -29%. Over the last year we have data for, Drama Kids had a net unit growth rate of -5%.

Without a comparison, this number doesn’t mean much. Compare how the Drama Kids growth rate compares to 2,000+ other franchises and Industry franchises like Drama Kids. More info in the Drama Kids metrics tab.

Is Drama Kids franchise eligible for an SBA Loan?

Drama Kids is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Drama Kids franchise was assigned the SBA Franchise ID of S0520 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Drama Kids that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Drama Kids a franchise in the United States?

According to the SBA, Drama Kids meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Drama Kids provides you with an FDD if you are in discussion to buy a Drama Kids.

What is the Drama Kids Franchise for Sale Rate?

The Drama Kids systemwide health and franchisee satisfaction can be measured by the Drama Kidsfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Drama Kids franchise for sale rate over the past 3 years is 8%. Over the last year we have data for, Drama Kids had a franchise for sale rate of 4%.

Without a comparison, this number doesn’t mean much. Compare how the Drama Kids franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Drama Kids. More info in the Drama Kids metrics tab.

What is the Drama Kids Franchise Failure Rate?

Drama Kids franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Drama Kids failure rate over the past 3 years is 56%. Over the last year we have data for, Drama Kids had a franchise failure rate of 12%.

Without a comparison, this number doesn’t mean much. Compare how the Drama Kids franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Drama Kids. More info in the Drama Kids metrics tab.

How can I find out more details on Drama Kids franchise?

Visit the Drama Kids metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Drama Kids

$53,650

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Drama Kids

Varies

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Drama Kids

$27,500

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Download Latest FDD (2022)

General

Industry

Children Programs

Category

Music

SBA Identifier

S0520

Year of Founding

1999

Fees

Marketing Fee

1%

Royalty Fee

Varies

Franchise Fee

$27,500-$27,500

Investment Range

$34K-$74K

Location units

Total U.S. Locations

52

U.S. Franchised Units

52

U.S. Corporate Units

0

Headquarters (City)

Fort Myers

Other

Item 19 - Franchise Financials

No

Financing Availability

yes

Started Offering Franchises

2000

Issuance of FDD Data

03/15/2022

Detailed Franchise metrics for Drama Kids

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Drama Kids 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.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Drama Kids

$27,500

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2022)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Drama Kids

11%

56%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Drama Kids

3%

8%

Industry median

All franchises median

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Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

15271 McGregor Blvd. Suite 16 - 282

State headquarters

Florida

Key leadership

Drama Kids

Phone

+1 (000) 0********00

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City

Fort Myers

Zip code

33908
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