General

Industry

Education Programs

Category

STEM

SBA Identifier

Year of Founding

2019

Fees

Marketing Fee

1%

Royalty Fee

Varies

Franchise Fee

$35,000-$35,000

Investment Range

$49K-$121K

Location units

Total U.S. Locations

13

U.S. Franchised Units

11

U.S. Corporate Units

2

Headquarters (City)

Middletown

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2020

Issuance of FDD Data

03/31/2022

What to know about Robothink franchise?

ROBOTHINK FRANCHISING CORPORATION offers franchises for the establishment, development and operation of a RoboThink®, an educational enrichment program for pre-school, primary and secondary students. Our educational programs provide classes, camps, workshops and conferences in the fields of math, robotics, coding, science technology and engineering using RoboThink’s teaching materials, lesson plans and programs.

Robothink is based in Middletown, DE. Scroll down to learn more!

How much does a Robothink franchise cost?

Are you wondering how much is a Robothink franchise? Before starting a Robothink 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 Robothink franchise is $48,700 and can go all the way up to $120,500. Keep in mind, you should also allocate additional funds to live off of while the Robothink 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 Robothink franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Robothink business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Robothink 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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Download our guide to compare Robothink. Hotels to the STEM, Outdoor Education Programs industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2019 5 6 0 11
2020 11 1 0 12
2021 12 5 0 11

Additional Details

How much does a Robothink franchise owner make?

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

Robothink unfortunately does not disclose financials on how much Robothink 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, Robothink 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 Robothink franchisees. Do note that Robothink 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 Robothink franchisees to understand how much money they are making from their Robothink business.

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

What is the Robothink franchise fee?

Owning a Robothink 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 Robothink Franchise Disclosure Document

Keep in mind, there is also an initial Robothink franchise fee of $35,000 that is included in the initial investment amount of $48,700 to $120,500. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Robothink franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Robothink franchise fee of $35,000.

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

When was Robothink founded?

Robothink started offering franchises in 2020. Robothink was founded 3 years ago in 2019.

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 Robothink locations are in the U.S.?

As of 2022, there were 11 locations across the U.S. There are also corporate locations. Most Education Programs franchises like Robothink have more franchised locations than corporate locations.

How many Robothink franchises opened over the past few years?

Over the prior 3 years we have data for, Robothink has opened 12 outlets throughout the U.S. Visit the Robothink metrics tab to explore how the openings compare to other Education Programs franchises.

How many Robothink franchises closed over the past few years?

Over the prior 3 years we have data for, Robothink has closed 0 outlets throughout the U.S

Visit the Robothink metrics tab to explore how the openings compare to other Education Programs franchises.

Is Robothink growing? Are they opening more locations than they are closing?

The net unit growth rate for Robothink over the past 3 years is 120%. Over the last year we have data for, Robothink had a net unit growth rate of -8%.

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

Is Robothink franchise eligible for an SBA Loan?

Robothink is not eligible for SBA loans including the 7(a) loan last time we checked.

Robothink franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Robothink that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Robothink a franchise in the United States?

According to the SBA, Robothink does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

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

What is the Robothink Franchise for Sale Rate?

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

Robothink franchise for sale rate over the past 3 years is 8%. Over the last year we have data for, Robothink had a franchise for sale rate of 9%.

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

What is the Robothink Franchise Failure Rate?

Robothink 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!

Robothink failure rate over the past 3 years is 0%. Over the last year we have data for, Robothink had a franchise failure rate of 0%.

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

How can I find out more details on Robothink franchise?

Visit the Robothink 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

Robothink

$84,600

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Robothink

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.

Robothink

$35,000

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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General

Industry

Education Programs

Category

STEM

SBA Identifier

Year of Founding

2019

Fees

Marketing Fee

1%

Royalty Fee

Varies

Franchise Fee

$35,000-$35,000

Investment Range

$49K-$121K

Location units

Total U.S. Locations

13

U.S. Franchised Units

11

U.S. Corporate Units

2

Headquarters (City)

Middletown

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2020

Issuance of FDD Data

03/31/2022

Detailed Franchise metrics for Robothink

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

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Robothink

9%

120%

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

Robothink

8%

Industry median

All franchises median

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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

Robothink

0%

Industry median

All franchises median

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Business details

Company Name

https://www.myrobothink.com/

Business email

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

Mailing address

651 Broad Street, Suite 206

State headquarters

Delaware

Owner Name

Robothink

Phone

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

City

Middletown

Zip code

19709
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