Franchise Deep Dive: Snapology's Franchise Costs, Fees, Profit and Data
The education brand has been named one of Entrepreneur’s fastest-growing franchises in 2019, 2020 and 2023.
LAST UPDATED: March 28, 2023
FRANCHISE WEBSITE: https://www.snapologyfranchising.com/
NUMBER OF LOCATIONS: 150+
REPORTED COST TO GET IN: $73,650-$103,600
REPORTED ROI (Item 19): $45,021- $578,027
Snapology was created by sisters Laura and Lisa Coe who, after observing children playing with blocks and other snappable toys, realized the importance of children having fun while being educated. Snapology offers enrichment classes, parties and camps. These activities teach children science, technology, engineering, art and mathematics. They then build soft skills, develop critical thinking and increase confidence.
Snapology began franchising just five years after opening and is expanding all across the United States and internationally. Snapology has won several awards since its inception, including Entrepreneur’s “Franchise 500” in 2021, Entrepreneur’s “Top Fastest Growing Franchises” in 2019 and 2020, and ranked number one in the category “Children's Enrichment Franchise.”
How Many Snapology Locations Are There?
Snapology has 150-plus locations all over the United States and several international locations. Some of the international locations include Egypt, Haiti, China and Australia.
What Is Snapology Business Model?
Snapology offers STEM programs, robotics, themed programs, preschool parties and much more. Franchisees have the opportunity to receive multiple revenue streams, work out of their homes and make connections with people in the community. They can also set up a Discovery Center and become a pillar in the community.
How Much Can Snapology Franchise Owners Make?
In 2021, Snapology franchise owners earned $45,021–$578,027. A breakdown of what was earned in previous years is below.
- 2020: $9,314–$117,870
- 2019: $31,990–$141,125
How Much Does It Cost to Open a Snapology?
The initial investment cost for a community-based Snapology is $73,650–$103,600. A breakdown of the fees is below.
- Initial Franchise Fee: $40,000
- Signage: $500–$1,000
- Computer, Software and Point of Sales System: $900–$6,000
- Program Supplies: Initial Inventory: $12,000–$20,000
- Insurance Deposits and Premiums: $1,000–$1,600
- Travel and Lodging for Initial Training: $500–$2,000
- Grand Opening Advertising: $10,000–$15,000
- Professional Fees: $750–$1,500
- Business Licenses and Permits: $0–$500
- Office Supplies: $500–$1,000
- Additional Funds—Initial Period of Three Months: $7,500–$15,000
- Total:$73,650–$103,600
The initial investment for a Discovery Center is $277,420–$497,180.
- Initial Franchise Fee: $47,500
- Construction Leasehold, Improvements, Furniture and Fixtures: $76,000–$165,000
- Architectural Fees: $16,700–$22,000
- Required Base Furniture, Fixtures and Equipment: $79,120–$115,310
- Optional Upgraded Furniture, Fixtures and Equipment: $0–$28,570
- Signage: $3,000–$5,000
- Computer, Software and Point of Sales System: $1,400–$7,000
- Program Supplies: Initial Inventory: $11,200–$20,000
- Prepaid Rent and Lease Deposits: $4,000–$8,000
- Utility Deposits: $500–$1,800
- Insurance Deposits and Premiums: $750–$1,500
- Travel and Lodging for Initial Training: $500–$2,000
- Grand Opening Advertising: $20,000–$25,000
- Professional Fees: $750–$1,500
- Business Licenses and Permits: $500–$1,000
- Marketing and Office Supplies: $500–$1,000
- Additional Funds—Initial Period of Three Months: $15,000– $45,000
- Total: $277,420–$497,180
Who Is the Leadership of Snapology?
- Co-Founder and CEO: Laura Coe
- Co-Founder and Owner: Lisa Coe
- VP of Operations and Training: Kell Carpenter
- Operations and Franchise Support Specialist: Nikki Wall
What Helpful Sources Can I Read to Learn More About Snapology?
- Kidsburgh: Snapology combines STEM learning with social skills
- Snapology combines STEM learning with social skills—and it was founded by two local moms
- Snapology Named Among the Fastest-Growing Franchises of 2023 by Entrepreneur
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