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Updated RecentlyLekha Writing Centers vs Idea Lab Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Lekha Writing Centers 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 | $45,000 | $60,200 - $281,000 |
| Franchise Fee | $25,000 | $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 Lekha Writing Centers
The Lekha Way - A truly innovative way to teach children how to write and think creatively and critically. Available Now!Lekha is actively recruiting franchise partners who are passionate about writing, creativity, and education and can replicate the Lekha model in their own communities. New Lekha franchises can start by being operated in Parks and Recreation Centers, local schools, Education franchise opportunity franchisee's homes, or other small spaces. Once established the franchisee can open a freestanding Lekha location. The Lekha franchise model is easily duplicated with a low initial investment and low overhead. Franchise partners will be provided with our time-tested curriculum and tools for success to help them implement classes, camps, and workshops for children and teens. We are ready to share our expertise with our franchise partners so they too can share their love of writing with the students.
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.