Kids Incorporated vs Idea Lab Kids Franchise Comparison

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

Start-Up Costs and Fees
 
Kids Incorporated Franchise
Idea Lab Kids Franchise
Investment $3,400,000 - $4,200,000$60,200 - $281,000
Franchise Fee $55,000$35,500
Royalty Fee 8%11%-9%
Advertising Fee 2%1%
Year Founded -1990
Year Franchised -2016
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Kids Incorporated 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
 
Kids Incorporated Franchise
Idea Lab Kids Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Kids Incorporated Franchise
Idea Lab Kids Franchise
Training Training will be provided at the franchise owner's facility and will last for a minimum of one week. Because every member of the franchise network represents every Kids Incorporated center, the quality of our training is critical. Which is why, wherever possible, I like it to be delivered by my core team. Of course we continue to train and support our franchise owners in an on-going fashion. On-The-Job Training: 50 hours Classroom Training: 30 hours
Support
  • Comprehensive training on how to operate a ‘Kids Incorporated Learning Centers' Franchised Business Opening assistance and on-going support throughout the duration of the franchise
  • Provision of a confidential Operations Manual which details day-to-day operation
  • Approved Supplier List - Kids Incorporated Learning Centers has developed relationships with various vendors, manufacturers & wholesalers in order to ensure quality and ease of supply to franchise owners
  • A detailed Marketing & Advertising program that can be utilized to generate new and repeat business
  • Your own listing on the Kids Incorporated Learning Centers website
    		• 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
     
    Kids Incorporated Franchise
    Idea Lab Kids Franchise
    US Expansion -Yes
    Canada Expansion --
    International Expansion -Yes

    Company Overviews

    About Kids Incorporated

    Kids Incorporated Franchising is an excellent opportunity for you to own your own business in an industry that not only has strong customer demand and high growth potential but is also rewarding. We provide quality childcare for children 6 weeks to school age. Our centers are designed to be a fun place to learn in an exciting and adventurous atmosphere. We have created our own curriculum based activities that positively influence each child's developmental process. Our franchisees may choose out Undersea Adventure or Fantasy Jungle theme design for their center.

    About Idea Lab Kids

    Idea Lab Kids is an enrichment center dedicated to providing the most innovative S.T.E.A.M education in the form of afterschool camps, classes and birthday parties.
    Our unique business model allows for two revenue generating sources:
    Onsite- Mobile camps and classes
    Offsite- Physical Facility offering in house afterschool camps and weekend birthday parties
    Note- Physical location is not required until 12-18 months in order to allow sufficient ramp up.

    Idea 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
    #316 in Franchise 500 for 2021.   Not in Franchise 500 for 2020.