Funtastik Labs INFO
About Funtastik Labs
Funtastik Labs is a children’s entertainment franchise that offers STEAM activities including robotics, art, a slime bar and other engaging experiments. The concept focuses on providing an environment that empowers each child to have fun and explore through hands-on experiences without the pressure of academic evaluation. Offering walk-in experiences, birthday parties and summer camps, Funtastik Labs has become a favorite of countless families and sees a rapid growth trajectory in the coming years.
Why Funtastik Labs? Why Now?
Funtastik Labs provides kids an environment that empowers kids to have fun and explore by facilitating hands-on experiences in science, arts, and engineering. Offering multiple modes of access, Funtastik Labs hosts daily attractions, camps, field trips and birthdays, quickly winning over lifelong customers and encouraging repeat revenue.
With high demand among parents and families, Funtastik Labs is already looking to expand to a second corporate location. Seeing very few concepts like it, Funtastik Labs is prepared to expand in major markets with a goal of awarding 10 new centers in 2024.
What Sets Funtastik Labs Apart?
Funtastik Labs is an interactive STEAM museum and indoor playground for creativity. The focus is on providing STEAM as entertainment for children while empowering kids and parents with the resources, knowledge, and support to make it easy. It is a standout option for families as it provides enriching activities for all ages without an academic end goal. Rather, kids are encouraged to partake in whatever experiments, projects, or challenges appeal to them, and through this exploration, gain confidence and lifelong skills.
Why the Children’s Entertainment Category?
Currently, access to non-academic, exploration-first concepts for kids is limited, but demand continues to grow.
By aligning ourselves at the crossroads of the rapidly growing steam education market expected to reach $131 billion by 2030 and the over $11 billion children’s entertainment industry , Funtastik Labs is poised to capture a substantial market share. We're not just offering fun or education; we're pioneering an experience that beautifully marries the two. With a projected compound annual growth rate of nearly 8% and 15% respectively, the category is positioned to explode.
Funtastik Labs is a prime opportunity for entrepreneurial, customer-centric investors who are passionate about working with kids. In addition to offering an ideal work-life balance with favorable operation hours and flexible ownership models, Funtastik Labs pairs robust financial performance with unwavering positive customer feedback that underscores the brand's strength.
Our model not only grants us a unique market edge but also promotes brand discovery, customer loyalty, and word-of-mouth marketing. Secondly, our innovative content and use of technology resonate with our target audience and streamline the training and staffing processes, ensuring an efficient setup for franchisees."
What Is the Investment?
The estimated total investment necessary to begin the operation of a Funtastik Labs is between $257,250 to $352,250, including a franchise fee of $40,000 to $42,500.