Investment and Earnings
For a one off franchise fee of £9995 plus £150 a month (increasing to £250 in year 3) we are offering you the chance to run your own successful Fun Science business in your location. Whilst some of our franchisees fund the initial fee themselves we are also able to provide assistance with applying for a low cost government backed loan. A Fun Science franchise gives you the flexibility to work as little or as much as you would like. You will be provided with all the resources and training to run birthday parties, workshops, holiday clubs and after school clubs. However, if you choose to focus on one service or to miss out one service all together, you can still earn a full time wage working part time hours.
For example, a parent may choose to run more holiday clubs so that they can take their children with them or more in school workshops and home education groups so that they are home when their children start and finish school each day. Many branch owners also employ staff to take on the running of some services, leaving them free to earn money whilst enjoying time with their families. It’s completely up to you!
How much could you earn?
A Fun Science franchise offers you the flexibility to take on as much or as little work as you like and to choose the services that suit you best. The examples below give a rough indication of how much you could earn depending on your own personal circumstances. These scenarios have taken into account expected demand rather than just maximum capacity and these numbers may well be exceeded. If you would like to find out more about how much you could earn based on your own personal circumstances then do get in touch by filling in the form at the bottom of this page or emailing firstname.lastname@example.org.
Someone looking for a term time only, Monday – Friday job with no weekend work and most of the school holidays off may choose to take on 30 after school clubs (blocks of 5 sessions) in 5 schools, 9 home education groups (blocks of 5 sessions), 15 one off workshops and 15 holiday club days a year. They may also take on a member of staff to run around 52 birthday parties per year. We would expect this capacity to be reached by the end of year 1. As you would be running after school clubs and home education groups for just 30 weeks of the year, this would allow for 9 weeks off per year in school time. As you will only be running holiday clubs in 3 weeks of the year, this will allow for 10 weeks off in school holiday time. This would generate an average profit of £28,419.60 before overheads (estimated around £100 per month)
Someone looking to fit their branch around an existing job or course of education with only one day off per week may choose to run 6 after school club sessions (blocks of 5 sessions), 3 home education groups (blocks of 5 sessions), 5 one off workshops, 5 holiday club days and 104 birthday parties per year. We would expect this capacity to be reached by the end of year 1. This allows for having 26 weekends off per year (working alternate weekends) and we can tell you now that that demand for parties will be lower around Christmas, the summer holidays and bank holidays so you will be able to enjoy these periods. This would generate an average profit of £19,332.70 before overheads (estimated around £50 per month)
Someone looking to take on staff and build their business to make maximum profit may wish to take on 2 after school staff and 2 party entertainers. They could then take on 90 after school clubs (blocks of 5 sessions) in 15 schools, 9 home education groups (blocks of 5 sessions), 20 one off workshops, 60 holiday club days and 208 parties per year. This allows for all weekends off (as staff will be running these parties) 9 weeks off per year in school time and 1 week off for Christmas. We would expect this capacity to be reached by the end of year 3. This would generate an average profit of £87,047.90 before overheads (estimated around £350 per month).
As a home based business your overheads will be limited to insurance (roughly £150 per year), phone costs (roughly £120 per year) and marketing. It is completely up to you how much you spend on marketing but we suggest budgeting £1,200 per year for online and print advertising. Fun Science branches also run workshops and one-off events to generate additional income and in many cases have taken on staff to reduce their working hours. Sounds too good to be true? Read on to see what our newest branch owner Magnetic Milla had to say about her earnings just two months after start-up. If you would like any more information on how these figures have been generated please do not hesitate to ask.
.“I’ve not been pushing the marketing because I’m pretty busy with my PhD at the moment, so I am aiming to slowly ramp things up as I have more time available. Despite having done limited marketing so far, I’ve still got two after schools clubs in Jan/ Feb, both of which are fully booked, and four parties during this time period. I expect these to bring in around £1700 from mid Jan to mid Feb, before tax and business expenses. In March I have five science week workshops, with another school currently thinking about booking. I’ve also got a further seven workshops booked in for June.” – Magnetic Milla, Fun Science Sheffield (After running her branch for 3 months)
If you think this sounds like the perfect opportunity or you would like to know more, either click here to visit our dedicated franchise site or fill in the form below and someone will get back to you with a little more information.