IDEA Lab Kids

Thinking of investing in a IDEA Lab Kids franchise? We think it’s a great opportunity for anyone looking to open a business with an experienced franchisor behind them. Founded in 2012, IDEA Lab Kids specializes in STEAM enrichment classes, camps, and parties. As a Education franchise, IDEA Lab Kids has grown to include over 19 (as of 2020) units since they began franchising in 2016 (5 years). It costs an estimated $155,500 – $368,000 to open a IDEA Lab Kids franchise.

About IDEA Lab Kids

IDEA Lab Kids wants to have access to STEAM based educational services for children ages 4 – 14 in a unique design- based setting of afterschool, camps, and workshops.

Expanded learning programs (before and after school, summer, and intersession learning programs) offer a flexible learning environment to reinforce concepts introduced in the classroom, advance new standards, nurture student interest, and build relevant STEM skills.

Our camps and classes focus heavily on Science, Art, Cooking, Technology, and Engineering. That’s only a starting point-we also provide options such as Robotics and Minecraft Modding Clubs. IDEA Lab Kids is on the quest to find the best programs out there for children for age 4-14 years. What started with a rented space in the back of another business is now worldwide. IDEA Lab Kids is a true innovator in the STEAM educational space. IDEA Lab Kids offers camps, classes, workshops, and birthday experiences using coding, engineering, arts, science, 3D design, augmented reality, and other innovative subjects.

Our Programs Promote:
– Multiple-intelligence approach to learning
– Connections to real-world problems
– Social-emotional approach to learning
– Problem-solving skills
– Innovative STEAM approach to learning
– Global approach to teaching: Franchises Understanding of different cultures
– Integration of international teaching methods
– Hands-on interactive programs

Company Founded

2012

Current Leadership

Devina Bhojwani, President & CEO

Started Franchising

2016 (5 years)

Total Number of Units

19 (as of 2020)

Part-Time / Full-Time

Full Time

How Much Does It Cost To Open A IDEA Lab Kids Franchise?

There are several costs associated with opening a IDEA Lab Kids franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.

Some franchises may have a weekly fee that the franchisee pays for operating a IDEA Lab Kids franchise. The weekly fee for opening a IDEA Lab Kids franchise is not specified.

The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (IDEA Lab Kids Is Renewable) and does the franchise offer financing support (IDEA Lab Kids IDEA Lab Kids has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory).

IDEA Lab Kids Company Details

Here are some additional details about IDEA Lab Kids.

Parent Company	IDEA Lab Int'l. Franchise Co.
Initial Investment	$35,500
Veteran Incentives	5% off franchise fee
Royalty Fee	8%
Ad Royalty	1%
Cash Requirement	$25,000 - $50,000
Term of Agreement	10 years
Absentee Ownership	No
Run from Home	No
Part Time	No

Training and Support Offered By IDEA Lab Kids

IDEA Lab Kids offers several support options to its franchisees. With 19 (as of 2020) units, IDEA Lab Kids aims to provide support to each franchise owner to help them operate a successful franchise location. IDEA Lab Kids offers 30-50 hours on the job training, 35-65 hours classroom training, and No additional training.

Training and Support Offered

Here are the support options offered by IDEA Lab Kids.

On-The-Job Training	30-50 hours
Classroom Training	35-65 hours
Additional Training	No
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Is IDEA Lab Kids Right For You?

IDEA Lab Kids has gone digital! Here are all of the ways you can find IDEA Lab Kids online. Oftentimes, you can reach out to current franchisees of IDEA Lab Kids online. Current franchisees may be able to offer personalized insights into what it is like owning a IDEA Lab Kids franchise and offer tips to running a successful IDEA Lab Kids franchise location.

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Why Should You Start a IDEA Lab Kids Franchise?

Investing in a Children franchise such as IDEA Lab Kids can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about IDEA Lab Kids franchise and we'll be in touch soon!

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