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Updated RecentlyGreenApple vs Idea Lab Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of GreenApple 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 | $40,000 - $57,500 | $60,200 - $281,000 |
| Franchise Fee | $24,000 - $28,000 | $35,500 |
| Royalty Fee | 10% | 11%-9% |
| Advertising Fee | - | 1% |
| Year Founded | 2004 | 1990 |
| Year Franchised | 2007 | 2016 |
| Term Of Agreement | 10 yrs | - |
| Term Of Agreement | 10 yrs | - |
| Renewal Fee | $1500 | - |
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 | * Franchise can be run from home * Absentee ownership of franchise is NOT allowed. | 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 | - | - |
| International Expansion | - | Yes |
Company Overviews
About GreenApple
NO LONGER FRANCHISING
Welcome to GreenApple. We are looking for people who want to make a difference. The ideal GreenApple Camps franchisee is a person who has the drive to be their own boss, who values education and has a passion to positively impact the lives of children.
A GreenApple Camps Franchise is a home based business that provides creative and challenging building programs for kids preschool through grade 8.
GreenApple Camps offers a progression of imaginative and testing building programs for children preschool through review 8. We endeavor to give programming that will move creative ability and development. Projects are directed at schools, stop areas, childcare focuses, preschools, and colleges.
Projects are rich in science, innovation, building, engineering, mechanical technology and math. We make learning fun.
Our energizing task based projects present mechanical autonomy, science, innovation, designing, and arithmetic utilizing fun, hands-on materials and simple to-utilize educational programs. We consolidate many exercises using constructives, for example, LEGO®, Robotics, K'NEX®, MegaBlok® and that's only the tip of the iceberg!
GreenApple Camps establishments offer an interesting chance to assemble a fruitful business while giving energizing enhancement programming. We are searching for individuals who need to have any kind of effect in their lives and in the lives of kids. The GreenApple Camps projects are inventive and locks in. The devices and substance we have created make these projects simple and productive to convey.
About Idea Lab Kids
Our unique business model allows for two revenue generating sources:
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.