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Below is an in-depth analysis and side-by-side comparison of UC MAS vs Idea Lab Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $25,000 | $60,200 - $281,000 |
Franchise Fee | $7,000 | $35,500 |
Royalty Fee | 25% | 11%-9% |
Advertising Fee | - | 1% |
Year Founded | 2004 | 1990 |
Year Franchised | 2005 | 2016 |
Term Of Agreement | 3 years | - |
Term Of Agreement | 3 years | - |
Renewal Fee | 50% of initial fee | - |
Business Experience Requirements |
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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 |
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In-House/3rd Party | In-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 | -/- |
Training & Support |
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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 |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
Are you a leader or a follower?
Leaders are entrepreneurs. They are willing to take the risk. They will walk bravely against all odds and soldier on to the beyond to achieve the success they want. That success is much more defined when you work hand-in-hand with other aspiring leaders to achieve it. Which is why you should join us a franchisee.