Idea Lab Kids vs Code Ninjas Franchise Comparison

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

Start-Up Costs and Fees

 
Idea Lab Kids Franchise
Code Ninjas Franchise
Investment $60,200 - $281,000$31,420 - $333,270
Franchise Fee $35,500$15,000 - $31,000
Royalty Fee 11%-9%6.5%-12%
Advertising Fee 1%-
Year Founded 19902016
Year Franchised 20162016
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Idea Lab Kids Franchise
Code Ninjas 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?Qualified candidates for Code Ninjas franchise ownership come from all walks of life, including business, education, military, police, retirees, entrepreneurs (and yes, coders). The best franchise owners play an active role in the business, and are interested in making a positive impact on children and their community. Other qualities we look for are drive, compassion, willingness to learn, and support for our values.

Financing Options

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

Training & Support

 
Idea Lab Kids Franchise
Code Ninjas Franchise
Training On-The-Job Training: 50 hours Classroom Training: 30 hours Prior to opening, franchise owners attend training led by our team of franchising experts, totaling approximately 50 hours. This includes in-person and online training. In addition, a corporate representative will be present to assist with the opening and initial operations of your center, to help you get off to a great start.
Support Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform Code Ninjas is designed to be a turnkey business model with a complete ecosystem of tools and support to run every aspect your franchise. This includes training, site selection, marketing, design, vendor network, franchise management software, and a dedicated support team.
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

 
Idea Lab Kids Franchise
Code Ninjas Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

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.






About Code Ninjas

Code Ninjas is Creating the Problem Solvers of Tomorrow. Code Ninjas is expanding nationwide through franchising..

Code Ninjas teaches children ages 7-14 to code, a skill that will be as important as a second language in our technology-driven world. At our state-of-the-art learning centers, kids have a great time building video games - and they learn coding, math, and logic in the process. Most importantly, kids gain confidence and problem solving skills that that will serve them well on whatever path they take in life. 

The total investment necessary to begin operation of a franchise under a Code Ninjas “center” model is from $125,640 to $333,270. This includes $33,440 to $41,770 that must be paid to the franchisor or their affiliate.
The total investment necessary to begin operation of a franchise under a Code Ninjas “studio” model is from $31,420 to $51,940. This includes $16,220 to $17,940 that must be paid to the franchisor or affiliate. You will pay an additional $80,000 to $100,000 if you choose to add an optional Dojo2Go mobile ‘edutainment’ trailer to your franchise.

#305 in Franchise 500 for 2021.   Not in Franchise 500 for 2020.