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Updated RecentlyKids 'R' Kids vs I Know Science STEM Center & Toy Store Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Kids 'R' Kids vs I Know Science STEM Center & Toy Store including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $4,401,000 - $5,701,000 | $121,000 - $204,500 |
| Franchise Fee | $115,000 | $60,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 1% | - |
| Year Founded | 1985 | - |
| Year Franchised | 1988 | - |
| Term Of Agreement | 25 years + 10 | - |
| Term Of Agreement | 25 years + 10 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Interested candidates should have a minimum net worth of $750,000 and liquid assets of at least $300,000 | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | Kids 'R' Kids Learning Academy's Operations and Support Team provides ongoing support for its franchisees and their businesses. Each franchised location has an assigned Operations Consultant to work directly with the franchise owner and act as the primary contact to assist with his or her needs. Thorough Training: Phase I - Business start-up training held at Support Center in Duluth, Georgia Phase II - Day-to-day Operations Training Class Phase III - Key Personnel training- Held on-site prior to opening | - |
| Support | The Operations & Support team is committed to providing support within the following departments: marketing, curriculum and instruction, administration, as well as state and federal government relations. | Our support system is consistent throughout the lifetime of our partnership and we assist you every step of the way. If becoming a business owner is appealing to you and you have a passion for being part of an industry that makes a fantastic, long-lasting, and positive impact in the community, then owning your own I Know Science™ STEM Center & Toy Store would be one of the most rewarding experiences in your lifetime. |
| Marketing | -Initial marketing plan -Pre-opening through Grand opening -Local marketing plan to acquire and retain customers -Social Media and Digital marketing program -Website -Customized local content -Public Relations -Brand and Local PR | - |
| Operations | - | IKS has developed a simple and straightforward approach to an edutainment business that is easy to learn and execute. You will leave training with the right tools, knowledge, support, attitude and confidence needed to start and grow your own successful edutainment business through the I Know Science brand. Territories will be based on a population no less than 75,000 with a specific market as well as a geographical radius. Other factors that are considered are, number of homes in the area, median household income, existence of competition, rent, and more. We will support you in finding the right location. I Know Science™ exclusive territories are one of the key benefits we offer and are only available to you as an early franchisee. Certain territories can offer a competitive advantage in the sales/marketing environment. Please contact us to discuss available territories and or your preferred territory. |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | Yes |
Company Overviews
About Kids 'R' Kids
Headquartered in the North Atlanta suburb of Duluth, Ga., Kids 'R' Kids Learning Academies provide a secure, nurturing, and educational environment for children (ages six weeks - 12 years) to bloom into responsible, considerate, and contributing members of society. With nearly 160 learning academies in 16 states, Kids 'R' Kids International is a family-owned and operated organization that ranks in the top three nationwide for franchised early childhood education centers. :
Expansion Plans
In 2016, Kids 'R' Kids Learning Academies is on track to open new schools in Tampa and Orlando, Fla.; Buford, Ga.; Carry, Ill.; Princeton and Montville, N.J., as well as Fort Worth and Dallas, Texas. To drive additional franchise development, the company is seeking qualified franchisees to open 15 to 20 schools in cities, including Atlanta, Dallas, Houston, Denver, Orlando, and Las Vegas; as well as communities in New Jersey, Virginia and the Capital Region of Maryland. For international development, the company is targeting select markets across South America, United Arab Emirates, Australia, Colombia and India.
Veteran Incentives 10% off franchise fee
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#109 in Franchise 500 for 2020.
#243 in Franchise 500 for 2021.About I Know Science STEM Center & Toy Store
I Know Science™ STEM Center & Toy Store cleverly combines STEM education
and entertainment. The IKS business model is innovative and leading-edge in its products and services, unique in its delivery, and profitable in the rapidly growing edutainment industry. Edutainment is the trailblazing way for
recreational activities for children in the 21st century.
Parents clearly see the lasting value of investing in their kids by purchasing educational STEM toys or signing up for a STEM program. Furthermore, they enjoy the practicality of
finding many quality services from one business, which they can trust, granting
them a simple way to plan their kids’ activities and events.
Children that join any of the services and/or purchase our products walk away having had an enriching experience unlike any other, one they’ll remember for years to come. The IKS
impact is exceptionally positive to their development and self-esteem. Hence,
IKS STEM Center and Toy Stores are becoming one of the most welcomed, loved,
and desired businesses in communities.