Idea Lab Kids Franchise

Children's education

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.

Veteran Incentives 5% off franchise fee

#316 in Franchise 500 for 2021. Not in Franchise 500 for 2020.

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Please Note: The operators of Idea Lab Kids, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Idea Lab Kids website.

How much does it cost to open a Idea Lab Kids Franchise?

The investment required to open a Idea Lab Kids Franchise is between $60,200-$281,000. There is an initial franchise fee of $35,500 which grants you the license to run a business under the Idea Lab Kids name.

Individual Unit Costs

Initial Investment:
$60,200-$281,000
Initial Franchise Fee:
$35,500
Royalty Fee:
11%-9%
Advertising Fee:
1%

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Idea Lab Kids Franchise Growth History

When did the first Idea Lab Kids open? 1990
When did Idea Lab Kids start Franchising? 2016

Idea Lab Kids Franchise Expansion Plans

United States: Nationwide

International: Worldwide

Financing Options

Expense	In-House	Third Party
Franchise Fee	N/A	Yes
Startup Costs	N/A	Yes
Equipment	N/A	Yes
Inventory	N/A	Yes
Accounts Receivable	N/A	N/A
Payroll	N/A	N/A

Training & Support

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

Business 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.

Qualifications & Business Experiences

Business 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?

How much does a Idea Lab Kids Franchise owner make?

To calculate how much income a franchise owner can do at Idea Lab Kids Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

Listing Tags

Idea Lab Kids, child development, educational child care, children's learning center, STEM afterschool, S.T.E.A.M afterschool

Idea Lab Kids Franchise Opportunity viewed 3645 times by investors.

Legal Disclaimer: This information is not a franchise offering for Idea Lab Kids and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing an Idea Lab Kids franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.