Idea Lab Kids vs Ivy Kids Systems Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Idea Lab Kids vs Ivy Kids Systems including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$60,200 - $281,000 | N/A |
Franchise Fee |
$35,500 | N/A |
Royalty Fee |
11%-9% | - |
Advertising Fee |
1% | - |
Year Founded |
1990 | 2002 |
Year Franchised |
2016 | 2016 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
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 |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/Yes | -/- |
Start-up Costs |
-/Yes | -/- |
Equipment |
-/Yes | -/- |
Inventory |
-/Yes | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
On-The-Job Training: 50 hours
Classroom Training: 30 hours
|
- Corporate based in classroom training and pre-opening location based training
- Specific instruction for owner, center director and education director
- Assistance in licensing, opening, staff development and retention
- Dedicated training of all new teachers and refresher training for long term staff
- Guidance for implementing effective grand opening, open house events and community-orientated activities
|
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 |
US Expansion |
Yes | Yes |
Canada Expansion |
- | - |
International Expansion |
Yes | - |
Company Overviews
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.
About Ivy Kids Systems
-
Who is Ivy Kids Systems?
- We are an early childhood education franchise focused on unlocking the potential of every one of our students.
-
We are education experts who have developed a proprietary multiple intelligence-based
curriculum designed to foster academics, leadership, and values at the
highest level.
-
We are you. We believe in the importance of family and education, and that every child deserves
a chance to shine. We aspired to send our own children to the finest
schools, too.
-
We are knowledgeable.
We ran our early learning centers independently for 15 years before we
began franchising, and we still own them today!
We think you’ll find our early education franchise is a great opportunity for
like-minded investors to build strong businesses in the early childhood
education industry.
Seeking new franchisees in Florida, Georgia, North Carolina, Ohio, Tennessee and Texas.
#353 in Franchise 500 for 2021. Not in Franchise 500 for 2020.