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Updated RecentlyI Know Science STEM Center & Toy Store vs Kidcreate Studio Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of I Know Science STEM Center & Toy Store vs Kidcreate Studio 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 | $108,860 - $261,350 |
| Franchise Fee | $60,000 | $45,000 |
| Royalty Fee | 6% | 8% |
| Advertising Fee | - | 1% |
| Year Founded | - | 2007 |
| Year Franchised | - | 2016 |
| 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 | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/Yes |
Training & Support |
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| Training | - | On-The-Job Training: 73 hours Classroom Training: 38 hours Additional Training: As needed |
| 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. | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | 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: 4 - 12 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | 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 Kidcreate Studio
!["Kidcreate]("https://kidcreate.com/oak/files/logos/kid-create-studios.fill.svg")
Owning a Kidcreate Studio franchise means enjoying many of the benefits
of small business ownership, including leaving the corporate grind
behind for a more flexible balance of work and home, taking control of
your financial destiny and charting a path for your future, and creating
a legacy that will serve your family and community for years to come. Owning a Kidcreate Studio offers you the dual benefit of a deep sense of purpose and a financially-rewarding career.
Kidcreate
offers a unique business model with the ability to bring our highly
sought-after curriculum to child friendly businesses in the community
with our mobile business, as well as the option to offer classes and
camps in a beautiful brick & mortar studio location. If you prefer,
you can start with the mobile business and add the studio on down the
line!
Partner with community
bodies united in the fight against the decline of art education, and you
can become a well-respected voice of change as the face of their local
Kidcreate Studio.
Kidcreate Studio is a
one-of-a-kind experiential business that cannot be replicated by the
online giants. Kidcreate Studio has thrived during the 2008/09 economic
crisis and now COVID-19. You’ll sleep soundly knowing your new business
is proven to be recession-resistant.
With the ability to open
locations in as little as 60 days, you can grow your Kidcreate Studio
empire to encompass the entire region with multiple units or stick to a
single location in your neighborhood- as a Franchise Owner, it’s up to
you!
With the On-The-Go model, you can start generating revenues from your
business almost immediately. Ongoing overhead costs are kept extremely
low for impressive profit margins. The ability to add a brick and mortar
studio down the line creates additional revenue streams and cross
marketing.