Little Scientists vs Idea Lab Kids Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Little Scientists vs Idea Lab Kids including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Little Scientists Franchise
Idea Lab Kids Franchise
Investment $35,000$60,200 - $281,000
Franchise Fee $20,000$35,500
Royalty Fee 6%/$250/Mo.11%-9%
Advertising Fee 1%1%
Year Founded 19931990
Year Franchised 19962016
Term Of Agreement 10 years +10-
Term Of Agreement 10 years +10-
Renewal Fee --


Business Experience Requirements

 
Little Scientists Franchise
Idea Lab Kids Franchise
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

 
Little Scientists Franchise
Idea Lab Kids Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Little Scientists Franchise
Idea Lab Kids Franchise
Training 1. HQ 1 Week 2. HQ 2 Times/Year 3. On Site 2-4 Times/Year On-The-Job Training: 50 hours Classroom Training: 30 hours
Support Central Data Processing

Central Purchasing

Field Operation Evaluation

Field Training

Franchisee Newsletter

Central Data Processing

Regional or National Meetings

800 Telephone Hotline

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 Average Number of Employees: 2 Full-time, 6-10 Part-time

Passive Ownership: Allowed, But Discouraged

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

 
Little Scientists Franchise
Idea Lab Kids Franchise
US Expansion YesYes
Canada Expansion --
International Expansion YesYes

Company Overviews

About Little Scientists

The Little Scientists "hands-on" approach to teaching and learning was created to achieve two goals: to instill in children a passion for the exciting world of science and to help children develop specific scientific skills that will enable them to enjoy a lifetime of learning. We now have over 200 "hands-on" science lessons in subjects such as: Why is the Sky Blue, Magical Magnets, the Science of Flying, Chemistry, Electromagnetism -- and we are continuing to develop new lessons.

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.