LearningRx vs Idea Lab Kids Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of LearningRx vs Idea Lab Kids including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
	LearningRx Franchise	Idea Lab Kids Franchise
Investment	$90,000 - $149,000	$60,200 - $281,000
Franchise Fee	$25,000	$35,500
Royalty Fee	7% -8%	11%-9%
Advertising Fee	3%	1%
Year Founded	1986	1990
Year Franchised	2003	2016
Term Of Agreement	10 years	-
Term Of Agreement	10 years	-
Renewal Fee	$5K	-
Business Experience Requirements
	LearningRx Franchise	Idea Lab Kids Franchise
Experience	-	Skills and abilities that we look for in a successful Idea Lab Kids® business owner. Are you genuinely interested in S.T.E.A.M? Do you understand the role S.T.E.A.M plays in today’s economy and society? Are you active in your community and hungry to make a positive impact in young minds? Are you self-directed, self-motivated and able to juggle through multiple priorities? Do you have a strong desire to learn, grow and have fun in the process?
Financing Options
	LearningRx Franchise	Idea Lab Kids Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/No	-/Yes
Start-up Costs	No/No	-/Yes
Equipment	No/No	-/Yes
Inventory	No/No	-/Yes
Receivables	No/No	-/-
Payroll	No/No	-/-
Training & Support
	LearningRx Franchise	Idea Lab Kids Franchise
Training	As a brain training company, we value initial and ongoing training very highly. Our training includes a 2-day job shadowing with one of our franchisees prior to our 10-day training in Colorado Springs, CO. The 10-day franchise training covers our over 200 proprietary training procedures, marketing, public relations, business operations, networking, testing, administration, hiring, and much more. Our brain trainers are trained on-site by the franchisee, using over 40 hours of online material as well as 20-30 hours of in-person training and observation. We also offer ongoing training and support via our Helpdesk (phone and email support) and quarterly calls with our support team.	On-The-Job Training: 50 hours Classroom Training: 30 hours
Support	We know that the success of our franchisees is our success. Valuable support is a top priority for us, and we strive to help our franchisees however possible. Our support team is led by a former franchisee and LearningRx parent, who understands the day-to- day running of a center firsthand. We also have a marketing and business coach, who will help our first-year franchisees create and implement their 12-month business plan and offer ongoing support of business operations. The support team also runs the helpdesk, which is available by phone and email and boasts a very fast turnaround. We provide a franchise operations system designed to support all of your business needs from site selection and build out to launch marketing and sales prospecting. We are continually introducing new Brain Balance programs, products and services to increase your sales opportunities. Through national media exposure, training and consulting by program creator and co-founder, Dr. Robert Melillo renowned researcher, lecturer and author of several best sellers including, Disconnected Kids, Reconnected Kids and his latest book, Autism	Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform
Marketing	We offer new materials on a regular basis across multiple platforms: social media, print, TV, radio, PPC, SEO, etc. You can also join a voluntary marketing co-op where applicable. *National PR exposure *Exposure Across the Digital Landscape *Web-based Requisition System for Customized Marketing Materials *Local Marketing Guidance	Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations	10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 3 Absentee ownership of franchise is allowed. (67% of current franchisees are owner/operators)	Our franchisee business partners will have the option of taking an active role in the business as the full-time General Manager or choose to hire a full-time Program Coordinator and serve as a consultant. Physical location is not required until 12-18 months in order to allow sufficient ramp up.
Expansion Plans
	LearningRx Franchise	Idea Lab Kids Franchise
US Expansion	Yes	Yes
Canada Expansion	Yes	-
International Expansion	No	Yes

Company Overviews

About LearningRx

 

About Idea Lab Kids

Offsite- Physical Facility offering in house afterschool camps and weekend birthday partiesIdea Lab Kids engages K-8 students in supplemental Science, Technology, Engineering, and Math (S.T.E.A.M) education - giving them real academic advantage in school in addition to the skills and motivation they need to prepare them for 21st century jobs.

IDEA Lab Kids is a unique kids franchise opportunity that allows our franchisee business partners to build a financially viable business by providing multiple revenue streams. We are seeking to partner with driven professionals and investors who have a passion for building a profitable business while also making a positive impact in their community by providing S.T.E.A.M Education.

A background in childcare or education and a passion to educate kids is desirable to succeed as an IDEA Lab Kids franchisee.  In the children's franchise industry, franchise owners today come from diverse backgrounds and have a common goal of making a difference in early childhood education and achieving financial success. Our franchisee business partners will have the option of taking an active role in the business as the full-time General Manager or choose to hire a full-time Program Coordinator and serve as a consultant.

Veteran Incentives  5% off franchise fee