Morrisville / RTP NC 5/1/18
Full STEAM Ahead with Top New Children’s Services Franchise
STEM For Kids was recently ranked in Entrepreneur magazine’s Top New Franchises list 2nd year in a row. This list recognizes the top 100 companies that have been franchising for five years or less, based on data submitted for Entrepreneur’s Franchise 500® ranking. STEM For Kids, which awarded its first franchisee in 2015, was ranked #52.
“More than 20 percent of the companies that applied for this year’s Franchise 500 ranking are young, having only been franchising for five years or less,” says Jason Feifer, editor in chief of Entrepreneur. “These newcomers are challenging their older and larger competitors with innovative models, marketing methods, and menus.”
“For anyone in the market for a children’s services business in education, STEM For Kids is a worthy consideration. Our portfolio of program offerings is unmatched and franchisees enjoy the benefit of ongoing research and development. With over 900 hours of programming in engineering, biomedicine, computer programming / coding, robotics, automation and entrepreneurship, there’s a lot to stay excited and keep your customers excited”, says Moni Singh, the Creator of STEM For Kids.
In the print issue of Entrepreneur’s April issue, special projects editor, Tracy Stapp Herold, writes:
“For many buying a franchise means being part of an already sizable system that’s been around for decades. But it can also mean getting in on the ground floor for the next big thing and growing your business for decades. “
“It’s the best of both worlds! Our franchisees receive hand holding, support, structure and training along with a healthy helping of entrepreneurial and innovation mindset from our young franchise network”, says Moni. In the last quarter, STEM For Kids entered the Greater Toronto Area – Canada, and in the states of Utah, California, Illinois and South Carolina. Currently in 3 countries and 9 states in the USA, the brand is seeing strong growth propelled by its extensive portfolio of STEM program offerings for children.
Entrepreneur’s 2018 Top New Franchises ranking was determined using the Entrepreneur’s Franchise 500 formula, which is a comprehensive evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. STEM For Kids’ position on the ranking shows that it is already off to a strong start on its franchising journey.
To view STEM For Kids in the full ranking, visit entrepreneur.com/franchises/topnew. Results can also be seen in the April issue of Entrepreneur available now on newsstands.