General

Industry

Education Programs

Category

Preschool

SBA Identifier

Year of Founding

2010

Fees

Marketing Fee

0.5%

Royalty Fee

5%

Franchise Fee

$30,000-$30,000

Investment Range

$322K-$857K

Location units

Total U.S. Locations

9

U.S. Franchised Units

4

U.S. Corporate Units

5

Headquarters (City)

Sunnyvale

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2017

Issuance of FDD Data

08/22/2019

What to know about Tulip Kids franchise?

This franchise is a business offering pre-school and after care school enrichment programs, or both, to children ages 1 to 14 through after school programs, workshops, camps and special events using our system and our trademark "Tulip Kids"

Tulip Kids is based in Sunnyvale, CA. Scroll down to learn more!

How much does a Tulip Kids franchise cost?

Are you wondering how much is a Tulip Kids franchise? Before starting a Tulip 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 Tulip Kids franchise is $322,024 and can go all the way up to $857,426. Keep in mind, you should also allocate additional funds to live off of while the Tulip 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 Tulip Kids franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Tulip Kids business 2) pass break even 3) hit significant income.

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

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 3 1 0 4
2017 4 0 0 4
2018 4 0 0 4

Additional Details

How much does a Tulip Kids franchise owner make?

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

Tulip Kids discloses financials at the unit level. In other words, they show how much Tulip Kids franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Tulip Kids franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Tulip Kids. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Tulip Kids owners were making.

Visit the Tulip Kids metrics tab to explore the financials for this business.

What is the Tulip Kids franchise fee?

Owning a Tulip Kids franchise requires 5% royalty fee and 0.5% 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 Tulip Kids Franchise Disclosure Document

Keep in mind, there is also an initial Tulip Kids franchise fee of $30,000 that is included in the initial investment amount of $322,024 to $857,426. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Tulip Kids franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Tulip Kids franchise fee of $30,000.

Visit the Tulip Kids 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 Tulip Kids founded?

Tulip Kids started offering franchises in 2017. Tulip Kids was founded 12 years ago in 2010.

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 Tulip Kids locations are in the U.S.?

As of 2019, there were 4 locations across the U.S. There are also 5 corporate locations. Most Education Programs franchises like Tulip Kids have more franchised locations than corporate locations.

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

Over the prior 3 years we have data for, Tulip Kids has opened 1 outlets throughout the U.S. Visit the Tulip Kids metrics tab to explore how the openings compare to other Education Programs franchises.

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

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

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

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

The net unit growth rate for Tulip Kids over the past 3 years is 33%. Over the last year we have data for, Tulip Kids had a net unit growth rate of 0%.

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

Is Tulip Kids franchise eligible for an SBA Loan?

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

Tulip Kids 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 Tulip Kids 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 Tulip Kids a franchise in the United States?

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

What is the Tulip Kids Franchise for Sale Rate?

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

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

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

What is the Tulip Kids Franchise Failure Rate?

Tulip 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!

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

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

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

Visit the Tulip 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

Tulip Kids

$589,725

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Tulip Kids

5%

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.

Tulip Kids

$30,000

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

Preschool

SBA Identifier

Year of Founding

2010

Fees

Marketing Fee

0.5%

Royalty Fee

5%

Franchise Fee

$30,000-$30,000

Investment Range

$322K-$857K

Location units

Total U.S. Locations

9

U.S. Franchised Units

4

U.S. Corporate Units

5

Headquarters (City)

Sunnyvale

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2017

Issuance of FDD Data

08/22/2019

Detailed Franchise metrics for Tulip Kids

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

Growth Rate

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

 

1 year

3 years

Tulip Kids

0%

33%

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

Tulip Kids

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

Tulip Kids

NA

0%

Industry median

All franchises median

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Business details

Company Name

https://www.tulipkidsinc.com/

Business email

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

Mailing address

1159 Willow Avenue

State headquarters

California

Owner Name

Tulip Kids

Phone

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

City

Sunnyvale

Zip code

94086
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