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Updated RecentlySTEM for Kids vs Lightbridge Academy Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of STEM for Kids vs Lightbridge Academy including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $49,500 - $83,650 | $549,228 - $5,054,735 |
| Franchise Fee | $39,500 | $40,000 |
| Royalty Fee | 7+% | 7% |
| Advertising Fee | 2% | 2% |
| Year Founded | 2011 | 1997 |
| Year Franchised | 2014 | 2011 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | -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 |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/- | -/Yes |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/Yes |
Training & Support |
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| Training | On-The-Job Training: 4 hours Classroom Training: 28 hours Additional Training: Virtual training | On-The-Job Training: 28 hours Classroom Training: 128 hours Additional Training: Ongoing |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad Templates Social media SEO Website development Email marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of Employees Required to Run: 1 | Absentee Ownership Allowed Number of Employees Required to Run: 32 |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
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.!["Stem]("https://d1v10wa6gxsq73.cloudfront.net/images/sponsors/3385/STEM_01.jpg")
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
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#280 in Franchise 500 for 2020.
#173 in Franchise 500 for 2021.
About Lightbridge Academy
If you're looking to make a difference in the world, in your town and in our future, Lightbridge Academy provides a way to do it, while owning a great business. Tap into this growing, $40 billion industry with a company that will be with you from the moment you become a franchisee - from real estate selection through opening your center and beyond.
Lightbridge Academy franchises offers programs for children from six weeks to six years old, including after-school enrichment and summer programs.
Each school is a licensed childcare, with staff trained in early childhood education or childhood development.
Veteran Incentives 10% off franchise fee
#234 in Franchise 500 for 2020.
#143 in Franchise 500 for 2021.