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Updated RecentlyKid's Community College vs Idea Lab Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Kid's Community College 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 | $182,000 - $405,325 | $60,200 - $281,000 |
| Franchise Fee | $50,000 - $60,000 | $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 | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
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 | - | - |
| International Expansion | - | Yes |
Company Overviews
About Kid's Community College
Thank you for your interest in a Kids Community College Franchise - the new standard in accredited, high-quality, early childhood educational systems. Globally, colleges, universities and other institutions of higher learning exist to meet the need for higher learning - yet few institutions exist to provide a true, consistent premier learning and developmental environment for young children - until now!Kids Community College collegiate campuses are innovative early childhood institutions of higher learning designed as the genesis of life-long learning for children ages 4 weeks to 5th grade. Our 1st Degree Learning System incorporates the Multiple Intelligence Principles of Howard Gardner with a differentiated, individual, developmentally appropriate and thematic instructional approach. Concurrently, we promote a spirit of family, community, cooperation and inter-dependence in which every child's contribution is recognized, valued, and rewarded.Kid's Community College boasts a FRANCHISEE SATISFACTION rate of 98.9% and a CUSTOMER SATISFACTION rate of 96%!
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.