Mind Lab vs STEM for Kids Franchise Comparison

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

Start-Up Costs and Fees
	Mind Lab Franchise	STEM for Kids Franchise
Investment	$35,000 - $60,000	$49,500 - $83,650
Franchise Fee	N/A	$39,500
Royalty Fee	-	7+%
Advertising Fee	-	2%
Year Founded	1994	2011
Year Franchised	1994	2014
Term Of Agreement	-	-
Term Of Agreement	-	-
Renewal Fee	-	-
Business Experience Requirements
	Mind Lab Franchise	STEM for Kids Franchise
Experience	-	-Are you genuinely interested in STEM? -Do you understand the role STEM 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
	Mind Lab Franchise	STEM for Kids Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	-/-	Yes/-
Start-up Costs	-/-	-/Yes
Equipment	-/-	-/-
Inventory	-/-	-/-
Receivables	-/-	-/-
Payroll	-/-	-/-
Training & Support
	Mind Lab Franchise	STEM for Kids Franchise
Training	-	On-The-Job Training: 4 hours Classroom Training: 28 hours Additional Training: Virtual training
Support	-	Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform
Marketing	-	Ad Templates Social media SEO Website development Email marketing
Operations	-	Number of Employees Required to Run: 1
Expansion Plans
	Mind Lab Franchise	STEM for Kids Franchise
US Expansion	-	Yes
Canada Expansion	-	-
International Expansion	-	Yes

Company Overviews

About Mind Lab

As instructors Mind Lab have to get ready and instruct understudies to be adaptable, to be versatile and to be in fact gifted for a world that is progressively computerized, worldwide and particular. A profound comprehension of community oriented situations, extend based work streams, plan considering, social mindfulness and worldwide connectedness will arm understudies for the world ahead.

As an educator Mind Lab need our understudies to make basic and important associations with new information, new ideas and new thoughts. Contemporary instructing progressively permits understudies' to investigate gaining from their very own point of view, conveying their reality to the learning environment and their experience to the learning procedure.

At last to encourage change and to enact advance requires educators and understudies to take in the apparatuses, pick up the information and to be given the ability to be strong, imaginative, inquisitive and adaptable.

Mind Lab start with preparing at our home office or, in the event that you incline toward, at your area. You will get the whole educational programs, programming, recreations and other instructive extras that involve the Mind Lab Method. You will likewise get our Marketing, Training and Operations Know-How. At that point, as your business develops, we will bolster you with extra preparing and counsel at all times. We welcome you to go along with us at the International Mind Lab Group. As an individual from the Mind Lab Family, you will help kids prevail in their reviews and their lives and, in the meantime, fabricate your own particular effective business!

About STEM for Kids

STEM for Kids® provides educational enrichment in Robotics, Engineering and Computer Programming for children ages 4 - 14 through camps, afterschool programs, in-school field trips, workshops in schools and outside community spaces.

Our processes, diligently crafted and baked with experiences, are designed to be simple yet effective in helping you set up and run a successful operation.
The secret sauce of our business model,the curricula is born in industry and developed inhouse to maximize real-world connections and educational alignment while providing fun-based learning experiences.

Veteran Incentives  12% off franchise fee