Frequently Asked Questions (FAQ's)
What is franchising?
Franchising allows you to have all of the benefits of owning your own business, but with the added support of a recognized brand and an established method of doing business.
As a Play Street Museum franchisee, you can be your own boss while working with a highly regarded and rapidly growing brand, receive in depth training and tools, with the stability of a strong network of experienced support as you develop and grow your business.
As we began to research different approaches to expansion we were captivated by how effectively a properly structured franchise program would be able to tightly link our growth objectives with our Play Street Museum purpose, which is to serve, empower, impact, and inspire our team members, children & families, our communities, and our world.
For Play Street Museum to maximize its global impact we believe we need to focus our efforts on cultivating a passionate network of Play Street Museum franchise owners who are already deeply embedded geographically and thus ideally positioned to inspire children & families in their community.
Why did Play Street Museum
decide to franchise?
Franchisees must meet the Play Street Museum minimum financial requirements and be in a position to fund the franchise investment, including working capital and any personal living expenses during the set-up period. Start-up costs vary based on the size, theme, and location of your Play Street Museum location.
Based on the museum's location, theme, and size, the total initial investment cost for a new Play Street Museum Metro Market location ranges from $218,072 - $400,004. We require all prospective franchisees to be able to verify a minimum of $75k - $125k in liquid capital to invest. A co-applicant may also assist in meeting these requirements. Typical financing through SBA requires 20-30% owner contribution into the business.
We require franchisees to have a minimum net worth of $250k.
What are the financial requirements to be considered for a Play Street Museum franchise?
The Federal Trade Commission (FTC) and various state regulations restrict our ability to share specific profit projections outside of what is included in our Franchise Disclosure Document (FDD).
To learn more about the financial aspects of a Play Street Museum franchise, we provide you with our FDD with certain financial disclosures when you are further along in the evaluation process.
As with any business, the success of your Play Street Museum location is dependent on you, the owner. This includes how you run your business, your personal goals, and the decision you make each day. We offer you a strong and growing brand with comprehensive tools and support along the way that will serve as a firm foundation for your success.
How much can I expect to earn as a Play Street Museum franchisee?
We are with you at every step of your journey... from site selection, to comprehensive classroom and hands on training, to working alongside of you when you greet your first guest on opening day.
We are passionate about your success and that means helping you in selecting a location as well as in designing and outfitting your location so that you can have your Play Street Museum up and running as quickly as possible.
We will equip you with the many components that can help you rapidly grow your business and optimize your marketing investment. This includes a turnkey and customized website, a portfolio of proven marketing and advertising tools, and a social media strategy that fully leverages the Play Street Museum brand in your local market.
Play Street Museum is committed to ongoing innovation through the continued expansion of our proprietary curriculum, seasonal marketing programs, and uniquely curated exhibits & toy collections to name just a few examples.
Our goal is to provide you with the tools and assistance you need so that you can maximize your effectiveness in positively impacting the lives of children in your community.
What type of support can I expect?
What type of training will I receive?
Our comprehensive training program covers the many aspects required to successfully start, operate, and grow your Play Street Museum franchise.
The training curriculum is delivered in four different formats: approximately 25% is classroom/team based; 25% is on site in an existing Play Street Museum location; 25% is on site at your new location; with the remaining 25% being web based.
Major topics areas include Museum Operations (staffing, software systems, guest relations, facility maintenance, operational procedures); Business Acumen (legal, finance, accounting, general administration, training); Growth & Development (sales, marketing, advertising, community outreach).
We estimate the length of time between signing the franchise agreement and opening the franchised business will be between 60 - 120 days.
How long will it take to get
my own Play Street Museum location open for business?
Can I own more than one
Play Street Museum location?
Absolutely! We believe that in many markets the best approach for a franchisee is to own more than one location so that they can capitalize on the short and longer term benefits multiple units can provide an owner.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only.
Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. Within the U.S.A., we offer franchises solely by means of our Franchise Disclosure Document. There are also countries outside the U.S.A. that have laws governing the offer and sale of franchises.
If you are a resident of one of these states or countries, we will not offer you a franchise unless and until we have complied with pre-sale registration and disclosure requirements that apply in your jurisdiction.