Idea Lab Kids vs STEM for Kids Franchise Comparison

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

Start-Up Costs and Fees
	Idea Lab Kids Franchise	STEM for Kids Franchise
Investment	$60,200 - $281,000	$49,500 - $83,650
Franchise Fee	$35,500	$39,500
Royalty Fee	11%-9%	7+%
Advertising Fee	1%	2%
Year Founded	1990	2011
Year Franchised	2016	2014
Term Of Agreement	-	-
Term Of Agreement	-	-
Renewal Fee	-	-
Business Experience Requirements
	Idea Lab Kids Franchise	STEM for 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?	-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
	Idea Lab Kids Franchise	STEM for Kids Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	-/Yes	Yes/-
Start-up Costs	-/Yes	-/Yes
Equipment	-/Yes	-/-
Inventory	-/Yes	-/-
Receivables	-/-	-/-
Payroll	-/-	-/-
Training & Support
	Idea Lab Kids Franchise	STEM for Kids Franchise
Training	On-The-Job Training: 50 hours Classroom Training: 30 hours	On-The-Job Training: 4 hours Classroom Training: 28 hours Additional Training: Virtual training
Support	Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform	Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software 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 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: 1
Expansion Plans
	Idea Lab Kids Franchise	STEM for Kids 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 STEM for Kids

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.

Our processes, diligently crafted and baked with experiences, are designed to be simple yet effective in helping you set up and run a successful operation.
The secret sauce of our business model,the curricula is born in industry and developed inhouse to maximize real-world connections and educational alignment while providing fun-based learning experiences.

Veteran Incentives  12% off franchise fee