About Magikid Franchise
Magikid is a children's robotics education franchise offering curriculum based robotics classes, hands on experiences, and competition training for students ages five to seventeen.
Each location operates as a Magikid Lab, providing structured STEM education through a combination of robotics equipment, a learning management system, and a proprietary curriculum designed to build technical skills and creative thinking.
The franchise fee is $55,000, and Magikid has been franchising since 2024 under its parent company, Magikid Holdings LLC.
Magikid Franchise Cost & Fees
Minimum Investment
$145K
Average Investment
$193K
Maximum Investment
$242K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $55,000 | One-time payment upon signing |
| Royalty Fee | 7% of Gross Sales, minimum of $1,000 per month of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to 2% of Gross Sales, currently 1% | National brand fund |
| Total Investment Range | $144,850 – $242,100 | Includes build-out, inventory, working capital |
The investment range of $145K–$242K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (7% of Gross Sales, minimum of $1,000 per month) and marketing fee (Up to 2% of Gross Sales, currently 1%) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $55,000 | $55,000 |
| Deposit | $10,000 | $10,000 |
| Onsite Opening Event Training and Support Fee | $1,000 | $3,000 |
| Location Inspection Fee | $0 | $1,500 |
| Construction and Leasehold Improvements | $15,000 | $60,000 |
| Lease Deposits – Three Months | $3,800 | $10,000 |
| Furniture, Fixtures and Equipment | $5,000 | $12,000 |
| Signage | $3,000 | $8,000 |
| Grand Opening Marketing | $4,000 | $4,000 |
| Initial Inventory | $4,000 | $5,000 |
| Computer Equipment and Robotics Education Packages | $25,000 | $34,000 |
| Utility Deposits | $300 | $600 |
| Insurance | $1,500 | $2,000 |
| Professional Fees | $2,000 | $3,000 |
| Licenses and Permits | $250 | $4,000 |
| Additional Funds – Three Months | $15,000 | $30,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 |
| Renewal Fee | $55,000 |
| Technology Fee | Up to $500 per month, currently not assessed |
| Audit Fee | Cost of audit (if underreporting of 2% or greater) |
| Local Digital Marketing | 2% of Gross Sales, plus $400 per month |
| Online Ordering, Customer Rewards, and Gift Cards | As invoiced and as incurred |
| Accounting Software | Up to $200 per month |
| Local and Regional Advertising Cooperatives | As established by cooperative members, but not exceeding the local digital marketing requirement, and currently not assessed |
| Annual Conference Attendance Fee | Not greater than $1,500 |
| Supplemental On-Site Training | $300 per day per trainer, plus expenses |
| Specialized Competition Training Fee | $300 per hour, plus travel costs and expenses |
| Interest | 18% per annum from due date |
| Reporting Non-Compliance | $150 per occurrence |
| Operations Non-Compliance | $450 to $1,000 per occurrence |
| Payment Non-Compliance | $150 per occurrence |
| Quality Assurance Audit | Actual costs incurred by us |
| Collections | Actual fees, costs, and expenses |
| NSF Check Fee of Failed Electronic Fund Transfer | 5% of amount or $50, whichever is greater, or maximum fee allowed by law |
| Non-compliance (general) | Actual fees, costs, and expenses |
| Supplier Review | Actual fees, costs, and expenses |
| Management Service | Actual costs incurred by us |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | approximately two week period (65 total hours) |
| Classroom Training | 29 |
| On-the-Job Training | 36 |
| Training Location | Virtual Classroom Training and Virtual On The Job Training, Franchisee's Lab Location for On-Site Opening Event Training |
| Additional Training | Franchisor may provide ongoing training (manager, new instructor, customized support, weekly briefing, specialized competition training). Supplemental on-site training may be required or requested, with a fee of $300 per trainer per day plus expenses. Annual System Conference attendance may be required, with a fee not exceeding $1,500. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected (within Designated Territory, subject to performance criteria) |
| Exclusive Territory | No |
| Territory Size | the smaller of a distance of 3 miles from the Lab Location in all directions travelable by road, or a territory encompassing a population of at least 2,500 children between the ages of 4 and 18 |
| Description | Designated Territory identified by zip code, boundary streets, highways, county lines, designated market area, and/or other recognizable demarcations. Franchisor will not open or grant another franchisee the right to open a Magikid Lab at a Lab Location within your Designated Territory, provided that after the 16th month of operation, the franchisee maintains an enrollment of a minimum of 100 students and the Lab's Gross Sales do not fall below the 8th percentile of Magikid Labs in the United States that have been open 12 months or longer. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | one additional 5 year term |
| Renewal Fee | $55,000 |
| Renewal Conditions | Franchisee must be in compliance with agreement terms, provide 180 days prior written notice, sign current form of Franchise Agreement and related agreements, sign a general release, pay the renewal fee, remodel/upgrade the Lab to meet current standards, secure legal right to occupy premises, and ensure Owners/Spouses are in compliance and guarantee renewal terms. |
| Transfer Fee | $10,000 |
| Transfer Conditions | Requires prior written consent from Franchisor, 30 days prior written notice, no defaults, transferee meets qualifications, transferee agrees to be bound by terms, transferee's owners/spouses guarantee, general release, assignment of approved location, assets transferred, transferee/managers complete training, franchisor approval of price/terms, transferee's employees sign confidentiality. |
| Termination for Cause | Franchisor can terminate for various curable defaults (e.g., failure to pay fees, failure to lease/open Lab, operational non-compliance, failure to maintain insurance, failure to pay suppliers - with 10 or 30 day cure periods) and non-curable defaults (e.g., three or more curable defaults, intentional non-compliance, operating in violation of laws threatening health/safety, abandonment, material misrepresentation, unauthorized transfer, disclosure of confidential info, felony conviction, unethical conduct, failure to complete training, misuse of marks, violation of Anti-Terrorism Laws). |
| Non-Compete Period | 24 months post-termination |
| Non-Compete Details | During the term, franchisee shall not engage in "Prohibited Activities" (owning >3% in competitive business, operating/managing/funding competitive business, diverting customers, actions violating confidentiality). Post-termination, the same "Prohibited Activities" are prohibited within the "Restricted Territory" (Franchisee's Designated Territory, a 25-mile radius around it, and a 10-mile radius around other Magikid Labs). The duration can be extended if violated. Owners and spouses are also bound. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The Managing Owner (if Corporate Entity, must own at least 25% equity) must be personally responsible for day-to-day management and overall supervision. They, along with two instructors, must complete initial training. An operating manager can be hired to supervise day-to-day operations if they meet standards, complete training, and sign confidentiality agreements. Each Lab in a multi-unit system must have an on-site Operating Manager. Owners and their spouses must personally guarantee all obligations. |
| Required Suppliers | Franchisees must purchase or lease certain source restricted goods and services from approved or designated suppliers, which may include the franchisor or its affiliates. The franchisor may designate itself or a third party as the sole and exclusive supplier for the System. Currently, Angell Echo Inc. is an approved supplier for the proprietary learning management system and curriculum. |
| Supply Restrictions | Franchisees must only offer and sell Approved Products and Services and use products, supplies, equipment, technology systems, and services authorized and designated in writing by the franchisor, in strict conformity with the Franchise Agreement, manuals, standards, and specifications. The franchisor may modify, add to, or discontinue approved products/services and suppliers. |
| Franchisor Revenue from Suppliers | We and/or our affiliates may receive rebates, payments and other material benefits from suppliers based on your purchases and we reserve the right to institute and expand rebate programs in the future. As of the Issuance Date of this Disclosure Document we have not received revenue from suppliers from franchisee purchases of source restricted products or services. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease or other obligation. |
Magikid Franchise Earnings — Item 19
Magikid does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Magikid does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Magikid Litigation & Risk Flags
Clean Litigation RecordMagikid has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Magikid System Growth
Total Units
17
Franchised
16
Company-Owned
1
Magikid currently operates 16 franchised locations and 1 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 0 | 0 | 6 |
| 2022 | 3 | 1 | 8 |
| 2023 | 8 | 0 | 16 |
Transfers: 3 | Closures: 1
State Registrations
Registered in 14 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Total Assets
$6K
Audited by Metwally CPA PLLC for year ending December 31.
Magikid Franchise — FAQ
The total investment to open a Magikid franchise ranges from $144,850 to $242,100, per their Franchise Disclosure Document. This includes the initial franchise fee of $55,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Magikid charges a royalty fee of 7% of Gross Sales, minimum of $1,000 per month of gross sales, plus a Up to 2% of Gross Sales, currently 1% contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Magikid Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Magikid to ensure you have the most up-to-date version.
Magikid does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Magikid has been franchising since 2024. The FDD shows an investment range of $144,850-$242,100, a 7% of Gross Sales, minimum of $1,000 per month royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $55,000 and the total investment ranges from $144,850 to $242,100 depending on location size and market. A minimum of $15,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
Similar Education & Tutoring Franchises
Interested in Magikid?
Get free info on this franchise. We will send you a detailed FDD report by email.
Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Magikid and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Magikid or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com