Summary
5 1/2-year-old LEGO-based Robotics/STEM class business up for sale. $80K per annum revenue. All equipment, lesson plans, and staff included. Established franchise for price of new.
Royalties
$1,181 pa
Location Details
Melbourne Bayside area
Mainly operating within the City of Kingston, Bayside, a few suburbs in the City of
Glen Eira and operation covers 28 suburbs. The area has a
population of over 250000 residents and has 200+ schools, ELC centres and After-school
agencies.
About the Opportunity
Who is Young Engineers Australia? Young Engineers Australia provides a comprehensive range of STEM education programs from preschool onwards using LEGO® and other engaging toys.
Business Model
As a franchise, you and your team will run LEGO-based robotics workshops and classes in schools, community centres, libraries, holiday activities, birthday parties and early learning centres. During the session, children build and code moving and working LEGO machine models. Along the way, they learn many mechanical, physics, engineering, and coding principles.
The after-school curriculum is 2 years long with children learning new and advanced principles each week. The established curriculum and structure ensure a strong base of repeat customers.
The franchise resale
The current owners have been running the business since 2018. They have established strong partnerships with several local schools—including 2 Grammar schools reaching 100+ students each term. They run 8+ classes each week with a team of dedicated staff. They have purchased all licenses and equipment for the e2 Young Engineers programs. Enough hardware to service children in parallel.
Growth opportunities
The owner has focused on establishing a strong foundation with the afterschool classes. All business activity happens only between 3:00-5:00 pm. There are many opportunities in the market to run daytime incursions during school hours in schools, ELC centres and after-school organisations operating in schools. The current owner has developed a full year of STEAM workshops series that combines STEM with art activities for 3-4-year-olds. But this is untapped. Also, 4 school holiday periods provide ample opportunities to plan and run holiday workshops. The current owner runs holiday workshops & holiday camps every mid-term holiday break successfully. Opportunities also exist to offer these programs to corporates, senior citizens, and many other groups in the community. The sky is the limit for this business. It needs new energy and direction at the helm!
Annual revenue
$80,000 with 50-60% profits. No storefront required. Store equipment in your house and run the business from home.
Expenses: The main expenses are staffing, school room hire, and royalties. Royalties are fixed and NOT a percentage. The more you expand, the more you will profit.
Reason for sale: Personal commitments due to changing family priorities and health issues.
Marketing support
Current owners enjoy strong partnerships with 7 local schools. All equipment (worth over $70k) and licenses are in place to run classes in ELC, primary schools, high schools, community centres & councils as well as run fun & interactive birthday parties. Established Facebook page with website, and professional email accounts included. All marketing signage, car signage, banners, posters, etc., included. Additional digital templates for flyers, poster & car printing are included.
Training provided
Full training provided. Current owners will set everything up for you so you can start earning from day 1. Current owners will mentor you for six months after taking over to solve any challenges. Total support from handover till the end of the first six months of operations. Besides, all processes to run after school is fully established - it is a plug-and-play model that you can benefit from.
Skills
No prior skills are needed. You don't require teaching skills as we have a team of existing teachers and a teacher training system to run the classes. You just need to manage the business, understand the operations and be organized. The business is set up such that you can run it hands-off with a full-time job or you can run it proactively and increase profits further. Suitable for stay-at-home parents, teachers, or anyone who wants full-time income with part-time work.
Length of Agreement
6 years initial contract with renewal opportunities for a further 20 years
Year Business Established
2008
Year Franchising Commenced
2018
History
e² Young Engineers was established in 2008. Over the past few years, we have had over 150 franchisees in more than 45 countries joining our brand. Our programs are delivered through school incursions, after-school clubs, holiday camps, birthday parties and more! We proactively collaborate with universities, and industry associations to ensure our programs are relevant and leading-edge.
Awards
What’s on for kids - People's Choice awards 2022 Finalist
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