Funtastik Labs franchise
2023 filing · January 31, 2023Shares sales figures
Funtastik Labs at a glance
A children's entertainment center with hands-on STEAM projects such as painting, science, robotics and slime. At the end of 2022 there were 1 Funtastik Labs locations in the US, all company-owned.
The business
- Franchisor
- Funtastik Franchising, LLC
- The company that sells the franchises
- Typical size
- 3,000–4,000 sq ft
What you pay
- Cost to open
- $257K–$352K
- Fee, build-out and opening working capital
- Franchise fee
- $35,000
- Paid once, when you sign
- Royalty
- 8%
- 8% of gross sales, paid monthly, plus 2% to the brand development fund, at least 3% (minimum $750 a month) on local marketing and a technology fee (currently $500 a month)
- Brand fund
- 2%
- 2% of gross sales, paid monthly
- Renewal fee
- See terms
- 25% of our then current initial franchise fee
- Agreement length
- 10 years
Where it is
- US locations, 2022
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
From Funtastik Franchising, LLC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Funtastik Labs among all franchises with the same figure.
| Figure | Funtastik Labs | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $304,750 | Costs less than 56% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 8% | Higher than 85% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a Funtastik Labs franchise costs
Opening one Funtastik Labs costs an estimated $257,250 to $352,250. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are construction and leasehold improvements ($60,000 to $90,000) and furniture, fixtures and equipment ($65,000 to $80,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $35,000 | ||
| Construction and Leasehold Improvements | $60,000 | $90,000 | |
| Lease Deposits – Three Months | $15,000 | $35,000 | |
| Furniture, Fixtures and Equipment | $65,000 | $80,000 | |
| Signage | $9,000 | $15,000 | |
| Computer, Software and Point of Sales System | $10,000 | ||
| Grand Opening Marketing | $5,000 | $8,000 | |
| Initial Inventory | $14,000 | $18,000 | |
| Utility Deposits | $1,000 | ||
| Insurance Deposits – Three Months | $4,000 | $7,000 | |
| Travel for Initial Training | $1,500 | $2,500 | |
| Professional Fees | $5,000 | $10,000 | |
| When Due Licenses and Permits | $750 | ||
| Additional Funds – Three Months | $32,000 | $40,000 | |
| Total | $257,250 | $352,250 | |
Source: Funtastik Franchising, LLC, 2023 filing, page 16
Funtastik Labs franchise fee
The franchise fee is $35,000. You pay it when you sign the franchise agreement.
Source: Funtastik Franchising, LLC, 2023 filing, page 11
Royalty and ongoing fees
| Royalty | 8% of gross sales, paid monthly, plus 2% to the brand development fund, at least 3% (minimum $750 a month) on local marketing and a technology fee (currently $500 a month). |
|---|---|
| Brand or marketing fund | 2% of gross sales, paid monthly. |
| Technology | Up to $750 per month, currently $500 per month |
| Renewal | 25% of our then current initial franchise fee |
| Franchisee Directed Local Marketing | 3% of monthly Gross Sales, but subject to a minimum of $750 per month |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Funtastik Franchising, LLC, 2023 filing, page 12
Other fees as filed, from pages 12–14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Funtastik Labs publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Funtastik Franchising, LLC, 2023 filing, page 46
How Funtastik Labs compares
Of the 168 entertainment franchises on this site, Funtastik Labs is the 76th cheapest to open and the 145th largest by number of locations.
| Figure | Funtastik Labs | Typical entertainment brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $257K | $286K | $222K |
| Cost to open, high end | $352K | $598K | $477K |
| Franchise fee | $35K | $45K | $40K |
| Royalty | 8% | 6% | 6% |
| Brand fund | 2% | 1.3% | 2% |
| US locations | 1 | 8 | 21 |
| Shares earnings figures | Yes | 113 of 168 | 2,147 of 3,352 |
Typical is the median across the 168 brands in entertainment franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2020 | 0 (0) | 1 |
| 2021 | 0 (0) | 1 |
| 2022 | 0 (0) | 1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Funtastik Franchising, LLC, 2023 filing, page 49
Who owns Funtastik Labs?
Funtastik Labs franchises are sold by Funtastik Franchising, LLC.
From Funtastik Franchising, LLC’s 2023 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Funtastik Franchising, LLC, 2023 filing, litigation on page 10, bankruptcy on page 10
Funtastik Labs filings
The figures on this page come from Funtastik Franchising, LLC’s 2023 filing, issued January 31, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | January 31, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other entertainment franchises
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Funtastik Labs is also on these lists: education franchises.