Eye Level vs Idea Lab Kids Franchise Comparison

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

Start-Up Costs and Fees

 
Eye Level Franchise
Idea Lab Kids Franchise
Investment $52,318 - $121,650$60,200 - $281,000
Franchise Fee $5,000$35,500
Royalty Fee $32-$36/subject/mo.11%-9%
Advertising Fee $1/subject/mo.1%
Year Founded 19761990
Year Franchised 19912016
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
Eye Level Franchise
Idea Lab 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?

Financing Options

 
Eye Level Franchise
Idea Lab Kids Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/Yes
Start-up Costs No/No-/Yes
Equipment No/No-/Yes
Inventory No/No-/Yes
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Eye Level Franchise
Idea Lab Kids Franchise
Training All of our franchisees go through our seven-day training program prior to their location's opening, during which they learn about: * The principles of the Eye Level program * Effective marketing of their Eye Level learning center * The Eye Level Global Dream System * Eye Level Math, English Curriculum * Diagnostic testing and parent consulting * Learning center operations * Devising solid business plans * And more 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
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

 
Eye Level Franchise
Idea Lab Kids Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion YesYes

Company Overviews

About Eye Level

Eye Level, a supplemental education and enrichment program, offers a teaching philosophy and education method where self-directed learning, individualized academic coaching, and critical thinking are at the core of helping children improve and excel in their academic pursuits. Daekyo America Franchise History Daekyo was founded in South Korea in 1976 by Young Joong Kang, PhD. Over the next 20 years, Dr. Kang's fresh approach to supplemental education would transform the industry. By 1999, Daekyo was the most recognized education brand in South Korea. Daekyo began franchising in the United States in 1991. Eye Level has more than 190 centers in the U.S., and more than 780 additional locations throughout the world.

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#95 in Gator's Top franchises.
#184 in Franchise 500 for 2020.


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.