| ||||
Updated RecentlyMakerKids vs Little Medical School Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of MakerKids vs Little Medical School including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $152,750 - $399,000 | $28,800 - $58,200 |
| Franchise Fee | $30,000 | $11,500 - $24,500 |
| Royalty Fee | 8% | 8%+ |
| Advertising Fee | 3% | $95/mo. |
| Year Founded | 2013 | 2010 |
| Year Franchised | 2018 | 2014 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - Passion for working with kids - Thirst for knowledge - Glass half full mindset (60% optimist, 40% realist) - An Excellent Credit History - Leadership Skills - A Desire to Succeed - A Desire to Make A Difference - No past bankruptcies - No past criminal record - Willing to get out there and make sales - Persistence - Desire to listen, share and be compliant - Being happy is more important to you than being right - Customer-oriented Wait, I don’t know how to teach STEM! - Don’t worry. If you don’t have a teaching background, you can still excel as a MakerKids franchisee. In fact, the backgrounds of our ideal franchisees vary greatly – from engineers and accountants to teachers and homemakers, and everything in between. MakerKids franchise training was designed to level the playing field. We teach you all that you need to know about running a business that deals with STEM instruction. | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | - Five (5) days Training in Toronto, Canada - Five (5) days On-Site Training - Education/Curriculum: MakerKids® Lesson Plans Options for additional training*: - Internal Training with support and guidance from MK Training Team via Teleconferences, GoTo Meeting and Webinars - Additional Training available at MK HQ in Toronto, Canada - Additional On-Site Training available *Please inquire about additional training. | On-The-Job Training: 8 hours Classroom Training: 36 hours |
| Support | - Advertising and Marketing: Initial supply of Presentation materials and Templates. - Usage of proprietary Operations Manual - Use of MakerKids® Name, Logo and Trademarks - Annual training and workshop - MakerKids new releases and new concepts | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | - Use of MakerKids® Name, Logo and Trademarks - Presentation Material & Templates | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | Number of Employees Required to Run: 1 |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | Yes | Yes |
Company Overviews
About MakerKids
MakerKids runs award-winning STEM programs on Coding, Robotics and
Minecraft. We use technology as a medium to help build confidence,
social skills, change-making abilities and a positive relationship with
technology. Kids have started businesses, won prizes from NASA, been
published in magazines, and had positive mental health outcomes. MakerKids was named the #1 franchise concept in the NextGen in
Franchising Competition at the International Franchise Association
Conference from over 400 entrants.
To describe the franchise in one word: transformative
- Target Market: Ages 6-13, including Special Needs students
- Location-based + mobile business/satellite locations: owner to operate multiple satellite
locations e.g. at schools
- Camps, After-School Programs and Parties
- MakerKids® teaches STEM (Science, Technology, Engineering, Mathematics) topics:
Coding, Robotics and Minecraft
- Education/Curriculum: Proprietary Lesson Plans
- Advertising/Marketing: Presentation Material & Templates
- Online Parent Registration
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.