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Updated RecentlyWee Little Arts vs Idea Lab Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Wee Little Arts 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 | $31,400 - $46,940 | $60,200 - $281,000 |
| Franchise Fee | $24,500 - $29,500 | $35,500 |
| Royalty Fee | 10 - 7% | 11%-9% |
| Advertising Fee | - | 1% |
| Year Founded | 2000 | 1990 |
| Year Franchised | 2009 | 2016 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
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 | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
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 | Franchise can be run from home. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is NOT allowed. | 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 | - | - |
| International Expansion | - | Yes |
Company Overviews
About Wee Little Arts
We want to connect with like-minded people with an entrepreneurial spirit. With the successful ownership and operation of our home based business we can share Wee Little Arts with the world. It is in our best interest to forge strong long-term relationships with these partners who will be delivering the program. If you have experience working with children in an educational setting, have been a business owner or possess an interest in art, Wee Little Arts could be the right career change for you. This opportunity offers a proven model that’s fun, rewarding and gives you the freedom and independence of being a self-directed business owner without the headaches and overhead of a fixed location. We will be happy to provide you with more information and to discuss your interest in Wee Little Arts. If we are a good match we will move forward by sending you our confidential application form! Once we receive your application, we will continue to discuss the elements that make it so sought after. You will learn about the time and financial investments required and how closely your talents, location and experience match up with our model. We will then provide you with the Franchise Disclosure Document (FDD) and the Franchise Agreement for review. To see the full breakdown of our franchising process, please go to http://weelittlearts.com/franchising/process/ Our business partners are carefully selected, thoroughly trained and consistently supported through every stage of the launch process and throughout the life of their business. Each person receives one-on-one training with founder Melissa Bradshaw as well as all the necessary tools and resources to effectively manage their business. These partnerships are available at very competitive rates in territories that boast significant growth potential.
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.