Averan Challenge Island Opening Package Offer
Averan Advisors gets the books and financial systems for a new Challenge Island location ready before opening day, so your first month closes on time. The setup follows Challenge Island’s 2026 FDD and your franchise agreement.
The Challenge Island opening package
Challenge Island’s 2026 FDD puts the cost to open one location at $58,465 to $74,050, so getting the finances right from the start matters.
Averan helps Challenge Island franchisees get their books and financial systems ready before opening, with a dedicated childcare and education specialist.
- QuickBooks set up for Challenge Island’s reporting requirements.
- Build-out spending tracked against Challenge Island’s Item 7.
- Loan draw packages prepared for your lender.
- Point of sale, payroll and other systems connected and tested before opening.
Do you have 30 minutes this week? Book a 30-minute call.
Already open with another bookkeeper? See the Challenge Island conversion package.
What the Challenge Island opening package includes
QuickBooks file
We build a QuickBooks file for your Challenge Island location and connect every bank account and card to it.
Reporting format
We set up the chart of accounts so the books produce the monthly report Challenge Island asks its owners for.
Analytics package
Each month we compare your results with the figures in Challenge Island’s 2026 FDD.
Budget tracker
We turn Challenge Island’s Item 7 estimate into your opening budget and record every opening cost against its line.
Loan draw packages
We prepare a file for each loan draw your lender asks for, including SBA loan draws.
Systems connected
We connect the point-of-sale system Challenge Island requires, its enrollment and tuition billing system and your payroll to the books.
Tested before opening
Before your Challenge Island location opens, we run one test day of sales and one test payroll through the books.
Handoff to monthly
Your Challenge Island royalty, brand fund and report due dates go on one calendar for the monthly close.
Timeline
- 1Kickoff5 business days
We hold a kickoff call and send the list of documents we need.
- 2Setup10 business days
We build the QuickBooks file and connect your accounts.
- 3Build-outEach month
We tag every payment to a line of Challenge Island’s Item 7 and prepare each loan draw.
- 4Systems45 days before opening
We test the point of sale, the other systems and payroll.
- 5Opening dayYour opening date
We match each day of sales to the deposits that follow it.
Challenge Island figures from the FDD
Challenge Island franchisees averaged $80,569 of sales in 2025, with a median of $60,411, according to Item 19 of Challenge Island’s 2026 FDD, issued 21 April 2026. The 60 in that group are 35%* of Challenge Island’s 170 locations. Fees paid to Challenge Island come to about 12.16%* of sales. A Challenge Island franchise costs $58,465 to $74,050 to open.
The Challenge Island initial franchise fee is $49,900, which is part of the Challenge Island Item 7 estimate, according to Challenge Island’s 2026 FDD.
At the Challenge Island average of $80,569 of sales a year, the 7% royalty comes to about $470* a month and the 2% brand fund to about $134* a month.
9 Challenge Island locations opened in the last year that Item 20 of Challenge Island’s 2026 FDD reports.
Send us to start
- Your signed Challenge Island franchise agreement.
- Challenge Island’s current FDD.
- The Challenge Island monthly report format and the software it uses.
- Your entity documents and EIN letter.
- Your lease, contractor bid and loan agreements.
Access we need
- Your payroll processor.
- The point-of-sale system Challenge Island requires.
- The enrollment and tuition billing system.
- The Challenge Island reporting portal.
- Your invoice and expense software.
- View access to your bank accounts and credit cards, with no power to move money.
- How you want inventory tracked.
Questions from Challenge Island owners
Does Averan Advisors work with Challenge Island owners?
Averan Advisors sets up and keeps the books for Challenge Island owners, and the Averan franchise library has a breakdown of Challenge Island’s 2026 FDD with its fees, cost to open and Item 19 figures.
How does the Challenge Island royalty show up in the books?
The Challenge Island royalty is 7% of sales, according to Challenge Island’s 2026 FDD. We record it on its own line, so each month’s charge can be checked against your sales. At the Challenge Island average of $80,569 a year, it comes to about $470 a month, by Averan’s calculation.
What does it cost to open a Challenge Island franchise?
Challenge Island’s 2026 FDD estimates in Item 7 that opening one Challenge Island location costs $58,465 to $74,050. We turn those Item 7 lines into your opening budget and track each payment against them.
What happens after my Challenge Island location opens?
Your Challenge Island books move to the Monthly Close, which closes each month and sends a profit and loss, a balance sheet and the royalty reconciliation. The QuickBooks file stays yours.
* Averan Advisors calculation from the figures in Challenge Island’s 2026 FDD.
Where to next
Talk to us about your Challenge Island opening
Send the short form for the Challenge Island opening package, or book a 30-minute call about your Challenge Island location and your opening date.
Get the offer → Book a 30-minute call