|
Below is an in-depth analysis and side-by-side comparison of STEM for Kids vs Flour Power Kids Cooking Studios including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $49,500 - $83,650 | $131,675 - $241,675 |
Franchise Fee | $39,500 | $39,875 |
Royalty Fee | 7+% | 6% |
Advertising Fee | 2% | $149/mo. |
Year Founded | 2011 | 2008 |
Year Franchised | 2014 | 2015 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | -Are you genuinely interested in STEM? -Do you understand the role STEM 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? | We like hard working individuals with an entrepreneurial spirit best! We like individuals who understand that a system has been developed and they need to follow it in order to succeed. Our best success stories are from Studio Owners who work in their studios full time and provide outstanding customer service to customers and lead their employees by example! |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/- | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | On-The-Job Training: 4 hours Classroom Training: 28 hours Additional Training: Virtual training | On-The-Job Training: 20 hours Classroom Training: 20 hours Additional Training: ServSafe & first aid/CPR training |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Ad Templates Social media SEO Website development Email marketing | Co-op Advertising Ad Templates Regional Advertising Social media Website development Email marketing |
Operations | Number of Employees Required to Run: 1 | Absentee Ownership Allowed Number of Employees Required to Run: 8 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | Yes | - |
STEM for Kids® provides educational enrichment in Robotics, Engineering and Computer Programming for children ages 4 - 14 through camps, afterschool programs, in-school field trips, workshops in schools and outside community spaces.