Idea Lab Kids vs LeafSpring School Franchise Comparison

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

Start-Up Costs and Fees
	Idea Lab Kids Franchise	LeafSpring School Franchise
Investment	$60,200 - $281,000	$3,546,150 - $6,473,700
Franchise Fee	$35,500	$87,500
Royalty Fee	11%-9%	6%
Advertising Fee	1%	-
Year Founded	1990	1988
Year Franchised	2016	2018
Term Of Agreement	-	-
Term Of Agreement	-	-
Renewal Fee	-	-
Business Experience Requirements
	Idea Lab Kids Franchise	LeafSpring School 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
	Idea Lab Kids Franchise	LeafSpring School Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	-/Yes	-/Yes
Start-up Costs	-/Yes	-/Yes
Equipment	-/Yes	-/Yes
Inventory	-/Yes	-/Yes
Receivables	-/-	-/-
Payroll	-/-	-/-
Training & Support
	Idea Lab Kids Franchise	LeafSpring School Franchise
Training	On-The-Job Training: 50 hours Classroom Training: 30 hours	On-The-Job Training: 20 hours Classroom Training: 60 hours
Support	Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform	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	Ad Templates National Media Social media SEO Website development Email marketing
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.	Number of Employees Required to Run: 65
Expansion Plans
	Idea Lab Kids Franchise	LeafSpring School Franchise
US Expansion	Yes	Yes
Canada Expansion	-	-
International Expansion	Yes	Yes

Company Overviews

About Idea Lab Kids

Offsite- Physical Facility offering in house afterschool camps and weekend birthday partiesIdea 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

About LeafSpring School

WHAT’S IN A NAME?

A lot, it turns out. Especially when a company has spent decades building trust, creating value, and forging meaningful relationships in the community it serves. And yet, our name was chosen back in 1989, when Rainbow Station was nothing more than a seed of potential. A possibility. Now, many years and many schools later, Rainbow Station’s strong foundation has supported the growth and expansion of our Richmond, Virginia company into an international leadership preschool, with facilities located across the U.S. and overseas.

WHY THE NAME CHANGE?

As we’ve expanded, countless schools in the early childhood education industry have begun using the name “Rainbow.” Our mission, our values and our curriculum have set us apart from these other schools for decades, but the name Rainbow Station is not the differentiator it once was. As attached as we are to our name, it was time to change. In January 2018, Rainbow Station began changing its name to LeafSpring School

WHY LEAFSPRING?

In a nod to the train imagery that was the foundation for our brand, a leaf spring helps stabilize a train’s engine as it moves along the tracks. It is our mission to ensure that our schools continue to be that same stabilizing force in the life of every child that walks through our doors. Our new LeafSpring School logo was designed to embody the enthusiasm, energy, and creativity that makes our schools unique.

WHERE DO WE GO FROM HERE?

At LeafSpring School, we recognize the importance of giving our students roots, while at the same time providing them with the springboard they need to reach their own individual potential in the world. Thank you, as always, for trusting us with your most precious gifts. We are so excited to see what grows from here. Come join us and ride the train to success.

Veteran Incentives  25% off franchise fee