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Updated RecentlyI Know Science STEM Center & Toy Store vs Little Medical School Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of I Know Science STEM Center & Toy Store vs Little Medical School including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $121,000 - $204,500 | $28,800 - $58,200 |
| Franchise Fee | $60,000 | $11,500 - $24,500 |
| Royalty Fee | 6% | 8%+ |
| Advertising Fee | - | $95/mo. |
| Year Founded | - | 2010 |
| Year Franchised | - | 2014 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | On-The-Job Training: 8 hours Classroom Training: 36 hours |
| Support | Our support system is consistent throughout the lifetime of our partnership and we assist you every step of the way. If becoming a business owner is appealing to you and you have a passion for being part of an industry that makes a fantastic, long-lasting, and positive impact in the community, then owning your own I Know Science™ STEM Center & Toy Store would be one of the most rewarding experiences in your lifetime. | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | IKS has developed a simple and straightforward approach to an edutainment business that is easy to learn and execute. You will leave training with the right tools, knowledge, support, attitude and confidence needed to start and grow your own successful edutainment business through the I Know Science brand. Territories will be based on a population no less than 75,000 with a specific market as well as a geographical radius. Other factors that are considered are, number of homes in the area, median household income, existence of competition, rent, and more. We will support you in finding the right location. I Know Science™ exclusive territories are one of the key benefits we offer and are only available to you as an early franchisee. Certain territories can offer a competitive advantage in the sales/marketing environment. Please contact us to discuss available territories and or your preferred territory. | Number of Employees Required to Run: 1 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | Yes |
Company Overviews
About I Know Science STEM Center & Toy Store
I Know Science™ STEM Center & Toy Store cleverly combines STEM education
and entertainment. The IKS business model is innovative and leading-edge in its products and services, unique in its delivery, and profitable in the rapidly growing edutainment industry. Edutainment is the trailblazing way for
recreational activities for children in the 21st century.
Parents clearly see the lasting value of investing in their kids by purchasing educational STEM toys or signing up for a STEM program. Furthermore, they enjoy the practicality of
finding many quality services from one business, which they can trust, granting
them a simple way to plan their kids’ activities and events.
Children that join any of the services and/or purchase our products walk away having had an enriching experience unlike any other, one they’ll remember for years to come. The IKS
impact is exceptionally positive to their development and self-esteem. Hence,
IKS STEM Center and Toy Stores are becoming one of the most welcomed, loved,
and desired businesses in communities.
About Little Medical School
Little Medical Schooll® brings medicine, science, and the importance of health to children in an entertaining, exciting, and fun way.
Our educational enrichment programs provide a fun, innovative, and engaging curriculum. We create an opportunity to experience role playing using tools that real doctors use, and learn how the body works. By participating in these role-playing experiences, Little Medical School is inspiring tomorrow’s doctors today!
We offer after school programming, birthday parties, and special events that we can customize to fit your needs.
All of our curriculum is aligned with STEM objectives.
You do NOT need to have a medical background, teaching background or even a background in owning and running a business. We will provide you with our incredible curriculum and all the necessary training and tools to operate your business.
Little Medical School is a mobile business you can operate out of your home. We focus on allowing our franchisee to keep their overhead low while growing a thriving, rewarding business.
The Initial Franchise Fee for a Standard Model is $24,500. The Initial
Franchise Fee for a Mini-Model is $11,500. The initial investment
necessary to begin operation of a Little Medical School® Standard Model
franchise ranges from $41,800 to $58,200. This includes $24,500 that
must be paid to the Franchisor or its affiliate(s) and $13,100 for the
Initial Curriculum.
The initial investment necessary to begin operation
of a Little Medical School® Mini-Model ranges from $28,800 to $45,200.
This includes $11,500 that must be paid to the Franchisor or its
affiliate(s) and $13,100 for the Initial Curriculum.