Initial Investment
The estimated initial investment for this franchise and the operational costs depend on many factors. This includes the Initial Franchise Fee which will be calculated according to the size of the venue and the market. Also, the estimated costs for location build-out, furnishings, staff, equipment, material and the operational budget for the first year.
Venue Selection
1001 Club Inventions gives the franchisee the opportunity to operate through a physical location. The location will become a community hub where children and young people can come to learn scientific concepts in a playful, fun, yet structured atmosphere.
The amount you need to invest to start your 1001 Inventions Club will depend heavily on your chosen venue. The 1001 Inventions Club location must be selected very carefully. Generally, it is recommended that the space is at least 200 usable square meters, with a minimum lease term of five years.
Profit Forecast
Your profits will depend on many aspects including the size and location of your venue, your dedication and the hours you choose to work, qualifications and number of the team you recruit, and your marketing efforts. We have developed detailed financial models and forecasts about potential earning in Years 1, 2 and 3 of the franchise based upon our own experience of running 1001 Inventions programmes around the world for more than 14 years. We will share these with you to enable you to understand the financial structure and potential in the business.