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Updated RecentlyTCYonline.com vs Idea Lab Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of TCYonline.com 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 | $2,499 - And Up | $60,200 - $281,000 |
| Franchise Fee | $2,499 | $35,500 |
| Royalty Fee | - | 11%-9% |
| Advertising Fee | - | 1% |
| Year Founded | - | 1990 |
| Year Franchised | - | 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 | Support/Training Available | 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 | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | Yes |
Company Overviews
About TCYonline.com
TCYonline.com, an online initiative of Top Careers & You (TCY), was founded in 1998. With its student-centric approach, it is helping thousands of K-12 students attain academic excellence. The company specializes in online supplemental education programs including live tutoring, online homework help and standardized test preparation. Backed by over a decade of classroom teaching experience, along with its technology and methodology, TCYonline.com provides students with the ability to learn at the place and pace they choose. TCYonline.com also offers prospective business owners the opportunity to join the flourishing online tutoring industry. Capitalize on The Tremendous Demand For Supplemental Education Services. Online tutoring, today's hottest business idea is estimated to soon surpass classroom instruction. TCYonline.com offers you its fastest growing affiliate network with 'low-Investment' and a 'work-from-home' business opportunity. Our unique business model allows you to dedicate your resources to promoting your business. All academic activities are taken care of by the TCYonline.com team, which keeps your overhead significantly low. Our Complete System Gets You Into Business Quickly and Easily. TCYonline.com provides on-going support to their business associates to ensure that the business is up and running quickly and efficiently. You'll benefit from: * Low investment opportunity * Exclusive territories * Work-from-home business * Ongoing marketing support & training The Convenience and Effectiveness of Online Tutoring Appeals to a Vast Audience. Your clients will enjoy the convenience and educational gains that online tutoring provides. Salient tutoring features: * Real time one-on-one live tutoring on the Whiteboard * State-aligned curriculum, assessments and tutoring plans * Highly cost-effective with unlimited tutoring plans * 24/7 tutoring from the comfort of the home * No more driving to and from tutoring centers
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.