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Updated RecentlyLittle Amigos vs Idea Lab Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Little Amigos 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 | $15,000 - And Up | $60,200 - $281,000 |
| Franchise Fee | $15,000 | $35,500 |
| Royalty Fee | 7-8% | 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 Little Amigos
Hola! Habla Espanol? Research has proven that the early years are the best years to learn language. From birth to age 7 children's brains are "wired" for language acquisition. You can help children unlock their language potential at an early age by bringing the Little Amigos franchise program to your community! Research shows children who learn a second language: *Demonstrate enhanced listening and memory skills *Are more creative and better at complex problem solving *Have an innate ability to acquire the rules of any language *Develop cross cultural skills and awareness *Demonstrate divergent and higher order thinking skills. Little Amigos Spanish is an amazing program that teaches Spanish to young children in a fun and interactive environment. Language instruction and age appropriate culture study activities make Little Amigos a rich learning experience. Classes are offered on site in daycare centers, preschools, private schools and after school programs. Day camps, Saturday Spanish, holiday camps and parties are also available. Teachers make learning Spanish fun for kids by implementing our unique curriculum to help kids laugh, sing, dance, and play their way to speaking Spanish!
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.