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Updated RecentlyNutty Scientists vs I Know Science STEM Center & Toy Store Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Nutty Scientists 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 | $35,500 - $43,800 | $121,000 - $204,500 |
| Franchise Fee | $28,000 | $60,000 |
| Royalty Fee | 6%-8% | 6% |
| Advertising Fee | 2% | - |
| Year Founded | 1996 | - |
| Year Franchised | 1997 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/Yes | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | On-The-Job Training: 21 hours Classroom Training: 21 hours | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | 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 | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 2 | 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 | - | - |
| International Expansion | Yes | Yes |
Company Overviews
About Nutty Scientists
Nutty Scientists® is a leading global provider of scientific
activities for children of all ages, and we’re an ideal franchise
opportunity for all types of people. If you want to make a difference in
the way children perceive and learn science and you have the ability to
market the service and programs we offer to the schools and families in
your community - a Nutty Scientists franchise could be a perfect fit.
Join a Worldwide Franchise Network
Nutty Scientists has franchised locations in more than 40 countries
across the globe and our reach continues to expand every day. Each
franchisee plays a special role in their community, but their main
responsibility is to enhance children’s lives by making science fun.
Choose from two franchise models:
The Home-Based Opportunity
This is a great opportunity to start small with a lower investment level. It gives franchisees the ability to deliver proprietary science programs, workshops, camps and shows inside classrooms and at various other community locations.
The Nutty Scientists Lab
The Nutty Scientists Lab
Our enrichment and creativity centers offer franchisees the ability to provide all of the services of a home-based opportunity as well as a place to call their own. The location will become a community hub where children of all ages can come to learn scientific concepts in a playful, fun, yet structured atmosphere.
Veteran Incentives 10% off franchise fee
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.