Franchise Deep Dive: Funtastik Labs Franchise Costs, Fees, Profit and Data

LAST UPDATED: October 2023

FRANCHISE WEBSITE: https://funtastiklabs.com/franchise 

NUMBER OF LOCATIONS: 1 Company Owned Outlet + 1 Company Owned in Development

REPORTED COST TO GET IN: $257,250 to $352,250

From slime and paint to bricks and fun experiments, Roli Sangal loved watching her kids dive into their creative projects. Born out of a desire to encourage their curiosity, she envisioned a place where kids could explore their interests and play with science, arts, and engineering. A place designed for kids to experience and fall in love with the wonders of STEAM. 

Funtastik Labs is a STEAM entertainment center that provides hands-on experiences in science, arts, engineering and more. After seeing success with the first location and wanting this option to be available to as many children as possible, franchising seemed like the obvious next step. 

How Many Funtastik Labs Locations Are There?

Funtastik Labs currently has a corporate-owned location in Katy, Texas, a second one in the works in Sugar Land, Texas, and is looking to expand with the right franchisees throughout much of the U.S.

What Is the Funtastik Labs Business Model?

Funtastik Labs is a STEAM entertainment center for kids offering walk-ins, birthdays, field trips, and camps. The attractions available include a slime bar, science lab, art lab and robotics.

How Much Can Funtastik Labs Franchise Owners Make?

The financial performance representations in Funtastik Labs’ 2023 Franchise Disclosure Document includes data on the financial performance of one company owned outlet for 2021 and 2022..

During the COVID impacted 2021 year, the outlet earned $245,215 in total gross sales and $542,146 in total gross sales for 2022. The gross profit for this location was $210,440 for 2021 and $492,519 in 2022.

An adjusted gross profit is given in the FDD for potential franchisees, with factors such a the royalty fee, brand development fund fee and technology fee subtracted from the company owned gross profit with potential earnings at 2021 being $179,919 and $432,306 for 2022.

How Much Does It Cost to Open a Funtastik Labs?

The estimated total investment necessary to begin the operation of a Funtastik Labs is between $257,250 to $352,250. 

Franchisees can also expect to pay an ongoing 8% royalty fee, 2% brand development fund fee and a technology fee between $500-$750 per month. 

What Is the Franchise Fee for Funtastik Labs?

The Funtastik Labs franchise fee is $40,000 to $42,500. This is the upfront fee that must be paid when opening a Funtastik Labs franchise. 

Who Is the Leadership of Funtastik Labs?

• Roli Sangal - Founder & CEO
• Raj Gupta - Managing Director

What Helpful Articles Can I Read to Learn More About Funtastik Labs?

• Funtastik Labs summer camp lets kids delve deeper into STEAM subjects
• Funtastik Labs Launches Children's STEAM Entertainment Franchise Program
• Funtastik Labs debuts in Katy area
• Funtastik Labs Launches Private Playtime for Families Concerned About COVID-19

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