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Below is an in-depth analysis and side-by-side comparison of Thinkertots vs STEM for 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 | $83,100 - $124,100 | $49,500 - $83,650 |
Franchise Fee | $35,000 | $39,500 |
Royalty Fee | 7% | 7+% |
Advertising Fee | - | 2% |
Year Founded | 1998 | 2011 |
Year Franchised | 2005 | 2014 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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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 |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | Yes/- |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | * Available at headquarters: 2 weeks * At franchisee's location: 4 days | 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 | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 3 - 3 * Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Number of Employees Required to Run: 1 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
The Thinkertots method is founded on the belief that the key ingredients to future school success are: 1. A love of learning. 2. An ability to concentrate and focus. 3. An ability to follow directions. 4. Enjoyment of books and reading. 5. Getting along with others. Your child works on these important goals in every class he/she takes! The latest educational materials and methods help your child progress and master new challenges. You child will love our staff and unique approach and so will you. Make Thinkertots home for all of your child's early educational needs! Thinkertots has been featured by Fox News Channel's Fox and Friends, The New York Daily News, Long Island Newsday, and other media.
Do you think a Thinkertots Preschool Education Franchise might be for you?
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.