Idea Lab Kids vs Imagine Arts Academy Franchise Comparison

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

Start-Up Costs and Fees
	Idea Lab Kids Franchise	Imagine Arts Academy Franchise
Investment	$60,200 - $281,000	$104,650 - $283,300
Franchise Fee	$35,500	$49,000 - $73,000
Royalty Fee	11%-9%	-
Advertising Fee	1%	-
Year Founded	1990	2018
Year Franchised	2016	2018
Term Of Agreement	-	-
Term Of Agreement	-	-
Renewal Fee	-	-
Business Experience Requirements
	Idea Lab Kids Franchise	Imagine Arts Academy 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?	-
Financing Options
	Idea Lab Kids Franchise	Imagine Arts Academy Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	-/Yes	-/-
Start-up Costs	-/Yes	-/-
Equipment	-/Yes	-/-
Inventory	-/Yes	-/-
Receivables	-/-	-/-
Payroll	-/-	-/-
Training & Support
	Idea Lab Kids Franchise	Imagine Arts Academy Franchise
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
	Idea Lab Kids Franchise	Imagine Arts Academy Franchise
US Expansion	Yes	Yes
Canada Expansion	-	Yes
International Expansion	Yes	-

Company Overviews

About Idea Lab Kids

Offsite- Physical Facility offering in house afterschool camps and weekend birthday partiesIdea 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

About Imagine Arts Academy