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Updated RecentlyThe Actor's Garage vs Idea Lab Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Actor's Garage 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 | $30,500 - $32,000 | $60,200 - $281,000 |
| Franchise Fee | $24,000 | $35,500 |
| Royalty Fee | 9% | 11%-9% |
| Advertising Fee | - | 1% |
| Year Founded | 2004 | 1990 |
| Year Franchised | 2004 | 2016 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal 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/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 |
Company Overviews
About The Actor's Garage
If you are looking to be in a position to build a child's dream of seeing themselves on the big or little screen, and simultaneously helping them build their self-esteem, look no further! The Actor’s Garage, an after school and weekend program, gives you the opportunity to help a child understand that it is their individuality, in itself, that is their greatest gift. You will have the chance to see shy children come out of their shells, and children who were once fearful to speak in public, embrace it! You may even spot the next budding Julia Roberts or George Clooney in the making!
Not a professional actor?
Not to worry, the most important ingredient in our business is our teachers' natural ability to connect with and to want to inspire children. We have found some of our greatest teachers have never even thought of becoming actors.
Whether a child is interested in acting or not, this is the place for them. In addition to teaching acting techniques for TV, film and commercials, the children will learn valuable life skills such as:
*Problem solving *Self-esteem
*Public speaking *Team work
*Positive self image *Resilience
And more!!
In addition to low, low, start-up costs and overhead, great training, and awesome support, one of our major assets is a lesson plan proven by thousands of children since 2004 - and they keep coming back!
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:
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 partiesNote- 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.