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Updated RecentlySmart Brain America vs Idea Lab Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Smart Brain America vs Idea Lab Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $60,200 - $163,700 | $60,200 - $281,000 |
| Franchise Fee | $25,000 | $35,500 |
| Royalty Fee | $12-20/student/month | 11%-9% |
| Advertising Fee | - | 1% |
| Year Founded | 2003 | 1990 |
| Year Franchised | 2005 | 2016 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $3000 | - |
Business Experience Requirements |
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| 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 |
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| 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 |
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| Training | - | On-The-Job Training: 50 hours Classroom Training: 30 hours |
| Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | 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 |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
Company Overviews
About Smart Brain America
Mental arithmetic in itself is a powerful educational tool by its own right. Smart Brain America has crafted a proprietary program that is light years beyond this basic concept by creating a children's educational program that is an All-Inclusive Right Brain Enhancement and Abacus Arithmetic course. It is designed to explode the full capabilities and strength of the right side and left side of the brain. It allows the children in such programs to be able to perform large and difficult calculations in the head without any help from the use of a computer or calculator.
For example, a child as young as even 9 years of age, who is in his or her Grand Level would be able to calculate a number as large as 739,241/329 all in the head, without any computers, calculators or even the Abacus! What's more incredible is that Grand Level children can accomplish this within ten seconds with near perfection each and every time at a pace equal to competition level!
Right side brain development will also lead to equally impressive results in: reading comprehension, reading accuracy, reading speed, memory recall and recall speed, and conceptualization.
Children utilize the Abacus, the ancient Chinese calculator, in a highly specialized manner to fire the synaptic pathways in the brain resulting in true, unparalleled brain development in kids.
Smart Brain America is a franchise company looking for new franchisees for prime locations of their choice.
About Idea Lab Kids
Our unique business model allows for two revenue generating sources:
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.