IQ UP! - STEM educational franchise
The IQ UP! methodology incorporates elements of STEM (science, technology, engineering, and mathematics) education. The IQ UP! Methodology is an innovative approach to STEM education that utilizes neuroeducation and interactive methods to develop children's full intellectual potential. It is based on scientific narratives led by colorful characters that engage and inspire children to explore the world of science. Each session combines learning with fun through interactive games, experiments, and projects, while also fostering programming skills and creative thinking. With diverse programs tailored to age and skill level, IQ UP! creates an environment conducive to discovery, exploration, and intellectual growth for every student.
Steps to join the IQ UP! franchise
IQ UP! is undergoing rapid international growth. Franchises are currently established in Macedonia and Chicago, with new locations set to open in Croatia, Serbia, and Albania this September. Discussions with potential partners in Poland and Greece are also underway, reflecting the company's commitment to global STEM education.
Joining the IQ UP! network requires a one-time franchise fee of 6,000 EUR. This fee provides access to the brand, curriculum, and operational resources. Additionally, there are costs associated with furnishing and equipping the premises, estimated between 4,000 and 6,000 EUR. To ensure the effective implementation of educational methodologies, teacher training is provided at an estimated cost of 1,000 EUR. Franchisees manage ongoing fees, including royalties, teacher training, and marketing contributions. These fees ensure the maintenance of high educational standards and operational excellence within the IQ UP! franchise.
- We treat our franchisees as partners, providing full support throughout their business development. This includes intensive training programs, assistance with site selection, and a comprehensive package of operational and marketing materials. Our ongoing partnership ensures that franchisees are well-prepared to meet market demands and grow their businesses effectively - said Valentina Dinova, co-founder IQ UP!.
Franchisees are responsible for securing locations, maintaining branding standards, recruiting staff, and implementing local marketing strategies. They must also uphold high standards of customer service and adhere to prescribed educational methods.
The essence of the concept's requirements lies in the ideal qualities and capabilities sought in potential IQ UP! franchisees. They should demonstrate a genuine passion for education, coupled with an entrepreneurial spirit and a commitment to maintaining the high standards of the brand. Additionally, a willingness to continuously learn and evolve within the field of education, as well as adherence to established operational systems and standards, are essential traits for franchise success.
Revenue expectations
Franchisees can anticipate a return on investment by the end of the first year, with projected revenues ranging from 70,000 to 100,000 EUR. Master Franchisees can expect even greater financial rewards due to multiple revenue streams and a broader scope of operations.
According to Valentina - regarding the Master Franchise option, the financial figures are even more compelling, reflecting the broader scope of operation and the larger initial investment. Master Franchisees benefit from multiple revenue streams including sub-franchising fees, royalties, and direct operations, making it an attractive option for those looking to invest in a more substantial venture within the education sector.
About IQ UP!
This company develops educational frameworks based on principles of neuroscience, enabling immersion of students in the realms of science, technology, engineering, arts, and mathematics, aiming to equip them with practical knowledge and cognitive skills for holistic intellectual development and preparation for future challenges.
- Franchise fee: 5,000 - 8,000 EUR
- Furnishing and equipping the premises: 4,000 - 6,000 EUR
- Projected revenues: from 70,000 to 100,000 EUR.
- Franchise units: 11 in North Macedonia, 1 in USA
Full support / Intensive training programs, assistance with site selection, and a comprehensive package of operational and marketing materials. 
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