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General

Industry

Education Programs

Category

STEM

Works with Franchise Brokers

No

Year of Founding

2012

Fees

Marketing Fee

1%

Royalty Fee

Varies

Franchise Fee

$20,000-$20,000

Investment Range

$35K-$74K

Location units

Total U.S. Locations

2

U.S. Franchised Units

1

U.S. Corporate Units

1

Headquarters (City)

Foster City

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2012

Issuance of FDD Data

03/30/2020

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$35K-$74K

Franchise Fee

$20,000-$20,000

What to know about TechKnowHow franchise?

The franchise is a mobile business named TechKnowHow that conducts after-school and/or summer camp programs featuring science and technology projects that teach engineering skills, creative design, and robotics to children and teens. The business uses a proprietary curriculum to teach children and teens to create, design, and build projects using LEGO products with motors, and/or advanced gaming, electronic or robotic projects using computers, circuits, and LEGO products. The activities are onsite at schools, community centers, or other approved venues. Franchisees purchase a franchise package that includes the TechKnowHow name and logo, initial inventory, training, marketing materials, and ongoing support. The franchise owner/operator conducts classes and/or camps with hands-on activities that teach engineering concepts, math skills, teamwork, problem-solving ability, and communication skills using LEGO products with motors, or gaming platforms with electronic or robotic attachments. Franchisees can expect to generate revenue from program fees charged to participants, merchandise sales, and private birthday parties. TechKnowHow franchisees are provided with an opportunity to make a difference in their communities by teaching children and teens valuable science, technology, engineering, and math skills in a fun and creative environment.

TechKnowHow is based in Foster City, CA. Scroll down to learn more!

How much does a TechKnowHow franchise cost?

Are you wondering how much is a TechKnowHow franchise? Before starting a TechKnowHow 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 TechKnowHow franchise is $34,950 and can go all the way up to $73,600. Keep in mind, you should also allocate additional funds to live off of while the TechKnowHow 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 TechKnowHow franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a TechKnowHow business 2) pass break even 3) hit significant income.

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

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare TechKnowHow. Hotels to the STEM, Outdoor Education Programs industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 1 0 0 1
2017 1 0 0 1
2018 1 0 0 1
2019 1 0 0 1

Additional Details

How much does a TechKnowHow franchise owner make?

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

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

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

What is the TechKnowHow franchise fee?

Owning a TechKnowHow 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 TechKnowHow Franchise Disclosure Document

Keep in mind, there is also an initial TechKnowHow franchise fee of $20,000 that is included in the initial investment amount of $34,950 to $73,600. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the TechKnowHow franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the TechKnowHow franchise fee of $20,000.

Visit the TechKnowHow 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 TechKnowHow founded?

TechKnowHow started offering franchises in 2012. TechKnowHow was founded 10 years ago in 2012.

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 TechKnowHow locations are in the U.S.?

As of 2020, there were 1 locations across the U.S. There are also 1 corporate locations. Most Education Programs franchises like TechKnowHow have more franchised locations than corporate locations.

How many TechKnowHow franchises opened over the past few years?

Over the prior 3 years we have data for, TechKnowHow has opened 0 outlets throughout the U.S. Visit the TechKnowHow metrics tab to explore how the openings compare to other Education Programs franchises.

How many TechKnowHow franchises closed over the past few years?

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

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

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

The net unit growth rate for TechKnowHow over the past 3 years is 0%. Over the last year we have data for, TechKnowHow had a net unit growth rate of 0%.

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

Is TechKnowHow franchise eligible for an SBA Loan?

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

TechKnowHow 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 TechKnowHow 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 TechKnowHow a franchise in the United States?

According to the SBA, TechKnowHow 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 TechKnowHow provides you with an FDD if you are in discussion to buy a TechKnowHow

What is the TechKnowHow Franchise for Sale Rate?

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

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

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

What is the TechKnowHow Franchise Failure Rate?

TechKnowHow 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!

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

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

How can I find out more details on TechKnowHow franchise?

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

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Investment Midpoint

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

TechKnowHow

$54,275

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

TechKnowHow

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.

TechKnowHow

$20,000

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

Works with Franchise Brokers

No

Year of Founding

2012

Fees

Marketing Fee

1%

Royalty Fee

Varies

Franchise Fee

$20,000-$20,000

Investment Range

$35K-$74K

Location units

Total U.S. Locations

2

U.S. Franchised Units

1

U.S. Corporate Units

1

Headquarters (City)

Foster City

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2012

Issuance of FDD Data

03/30/2020

Detailed Franchise metrics for TechKnowHow

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

TechKnowHow

0%

0%

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

TechKnowHow

NA

0%

Industry median

All franchises median

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Failure Rate

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

 

1 year

3 years

TechKnowHow

NA

0%

Industry median

All franchises median

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Business details

Website

https://www.techknowhow.com/

Business email

b*******@techknowhow.com

Mailing address

1291 E. Hillsdale Blvd. Suite 201

State headquarters

California

Contact Name

TechKnowHow

Phone

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

City

Foster City

Zip code

94404
Name Email State City Zip Code

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