GiggleBytes vs Idea Lab Kids Franchise Comparison

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

Start-Up Costs and Fees

 
GiggleBytes Franchise
Idea Lab Kids Franchise
Investment $15,000 - And Up$60,200 - $281,000
Franchise Fee $15,000$35,500
Royalty Fee 7-8%11%-9%
Advertising Fee -1%
Year Founded -1990
Year Franchised -2016
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
GiggleBytes 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

 
GiggleBytes 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

 
GiggleBytes Franchise
Idea Lab Kids Franchise
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

 
GiggleBytes Franchise
Idea Lab Kids Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About GiggleBytes

Do you enjoy working with children in a small group environment? Do you believe that technology offers tremendous opportunities for learning? Do you have a basic knowledge of computers and technology? If so, then GiggleBytes may be the program for you.GiggleBytes classes are offered in daycare centers, preschools, and private schools. After school, weekend and day camp programs for older children allow for flexible hours and income streams.GiggleBytes introduces preschool children to the wonderful world of technology, but GiggleBytes is more than just computers! Teachers implement our proprietary curriculum and work with each child to help him/her develop important academic skills including; letter and number recognition, shapes and colors, pre reading skills, phonics, spatial relations, auditory and visual discrimination, and much more! Exciting STEM (science, technology, engineering, and math) camps and classes for school age kids expand the GiggleBytes curriculum

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.