Primrose School vs Idea Lab Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Primrose School vs Idea Lab Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$636,900 - $6,771,000 | $60,200 - $281,000 |
Franchise Fee |
$80,000 | $35,500 |
Royalty Fee |
7% | 11%-9% |
Advertising Fee |
2% | 1% |
Year Founded |
1982 | 1990 |
Year Franchised |
1988 | 2016 |
Term Of Agreement |
11 years | - |
Term Of Agreement |
11 years | - |
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 |
No/Yes | -/Yes |
Start-up Costs |
No/Yes | -/Yes |
Equipment |
No/Yes | -/Yes |
Inventory |
No/Yes | -/Yes |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
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
|
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 |
Canada Expansion |
No | - |
International Expansion |
No | Yes |
Company Overviews
About Primrose School
Primrose School Franchising Company trusts that as an effective expert, you may be at a point in your profession where you'd jump at the chance to enhance your personal satisfaction, pick up autonomy and make a noteworthy commitment to your group. And keeping in mind that cash isn't all that matters, a Primrose kid mind establishment can likewise give solid money related prizes.
The Primrose contrast: The center of our kid mind establishment business is the authorize Balanced Learning educational modules. Created and instructed solely at Primrose Schools, Balanced Learning mixes kid started and educator coordinated projects for an instructive tyke mind encounter that is unparalleled.
Primrose Schools were the main instructive kid mind establishments to accomplish accreditation from the Commission on International and Trans-Regional Accreditation (CITA), the Southern Association of Colleges and Schools Commission on Accreditation and School Improvement (SACS CASI) and the North Central Association of Commission on Accreditation and School Improvement (NCA CASI), for meeting stringent principles on educational modules, well-being and instructor preparing. These prestigious affiliations have been perceived as the highest quality level in assessing nearby open and tuition based schools and colleges. Put resources into an adjusted vocation... what's more, life. On the off chance that you might want to take in more about how an arrival on your venture can be substantially more than recently money related, please investigate the quality of our business and the kid mind industry, survey our organization history and official administration group, and meet a portion of the establishment proprietors who have made Primrose School possession the vocation they had always wanted. A superb open door for achievement. In case you're intrigued, call 1-800-PRIMROSE to talk with our group.
The total investment necessary to begin ownership of a Primrose
franchise ranges from $4,497,500 to $6,771,000 assuming your real estate
affiliate purchases the premises for your Facility (under the Real
Estate Affiliate Development Program). This includes approximately
$140,000 to $235,500 that must be paid to the franchisor or an
affiliate.
If you engage a developer or independent third party
unaffiliated with you to develop the facility and lease both the real
estate and improvements back to you under the Build-to-Suit program, the
total investment necessary to begin ownership of a Primrose franchise
ranges from $636,900 to $1,279,000. This includes approximately $110,000
to $315,500 that must be paid to the franchisor or an affiliate.
If you choose to develop the Facility in a building or space leased from an
independent third party under our Permanent Lease Program, the total
initial investment necessary to begin ownership of a Primrose franchise
ranges from $3,131,900 to $4,560,700. This includes approximately
$140,000 to $360,500 that must be paid to the franchisor or an
affiliate.
If you have extensive real estate development and
construction experience and the franchisor permits you to develop the
Facility under our Independent Development Program, the total investment
necessary to begin ownership of a Primrose franchise ranges from
$4,527,400 to $6,726,000. This includes approximately $110,000 to
$190,500 that must be paid to the franchisor or an affiliate.
#9 in Gator's Top franchises.
#54 in Franchise 500 for 2020.
#67 in Franchise 500 for 2021.
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.