IDEA Lab Kids International Franchise Co.
With a total of $47.8 billion in revenue, it's no wonder children's educational franchises were named the fastest growing franchising sector by Entrepreneur Magazine. In fact, Idea Lab kids have won the “Top Innovation Award” by the Houston Business Journal and most recently was ranked #316 on Entrepreneur’s Magazine 2021, "500 Franchises Rank" as well as #8 in Franchise Gator's top 100 "Fastest-Growing Franchises" and #20 in the top 100 "Emerging Franchises". We have seen some phenomenal growth in the past two years and are super excited at our prospects for 2021 and beyond.
What Does a IDEA Lab Kids International Franchise Co. Franchise Cost?
To buy a franchise with IDEA Lab Kids International Franchise Co., you'll need to have at least $90,000 in liquid capital and a minimum net worth of $300,000. Franchisees can expect to make a total investment of $150,000 - $365,000. IDEA Lab Kids International Franchise Co. charges a franchise fee of $35,500. They also offer financing via 3rd party as well as a discount for veterans ($5,000 discount on first unit agreement). *
Requirements
Financial requirements for this franchise:
| Liquid Capital: | $90,000 What does Liquid Capital mean? |
|---|---|
| Net Worth: | $300,000 What does Net Worth mean? |
| Franchise Fee: | $35,500 What does Franchise Fee mean? |
| Total Investment: | $150,000 - $365,000 What does Total Investment mean? |
| Initial Working Capital: | $50,000 – $100,000 Depending on rent and revenue |
Options
Options available to franchisees:
| Financing: | Via 3rd party |
|---|---|
| Training: | Available |
| Veteran Discount: | $5,000 discount on first unit agreement |
Franchisor Details
Facts about this franchise:
| Total Units: | 106 |
|---|---|
| Home Office: | Houston, TX |
| Year Founded: | 2011 |
| Franchising Since: | 2017 |
About Us
IDEA Lab Kids is a franchise company that focuses on providing cutting-edge, engaging S.T.E.A.M. (STEM Arts) curriculum in the form of unique camps, classes, workshops and birthday experiences to children ages 4-14. The company got its start right here in Houston, TX, and has grown at a phenomenal rate since we began franchising in 2017.
STEAM at IDEA Lab Kids
IDEA Lab Kids is a true innovator in the STEAM – Science, Technology, Engineering, Arts, Mathematics – space. IDEA Lab Kids offers camps, classes, workshops, and birthday experiences through FUN hands-on enrichment learning including coding, engineering, arts, culinary, science, 3D design, augmented reality, and other innovative subjects to boost creativity and build critical-thinking skills. We provide the necessary tools to QUESTION, LEARN and INVENT out-of-the-box solutions
Year-round revenue streams provided through:
- After-School Enrichment Classes
- Summer Camps
- Birthday Parties
- STEAM Workshops
- S.T.E.A.M Classess
- Parent's Night Out
- Online Tutoring
- Self-Paced Coding and Programming
- Seasonal Events/ Parties
Our brand has positioned itself to become a leader in the growing STEAM education space with a cutting-edge curriculum, proven business model and strong franchisee support infrastructure.
Investing In Our Future Generations Through STEAM Education is a Good Decision.
According to the U.S. Department of Commerce, over the past 10 years, STEM – Science, Technology, Engineering and Mathematics – jobs grew three times as fast as non-STEM jobs and STEM workers commanded higher wages, earning 26% more than their non-STEM counterparts.
Research shows that in the near future 2.4 million STEM jobs in the US will go unfilled. Just in the next decade, the number of STEM jobs will grow 13 percent, compared to 9 percent for non-STEM jobs—with positions in computer science, engineering, and advanced manufacturing leading the way.
By making STEAM a focus, we are preparing a society that is more informed on complex issues and equipping them to become problem solvers. Even if the next generation chooses to not pursue these fields, they will undoubtedly bring many of these skills to any career. According to the U.S. Department of Commerce report, “STEM degree holders enjoy higher earnings, regardless of whether they work in STEM or non-STEM occupations.”
The Idea Lab Kids Difference
10 Prestigious Campus Locations – – For 5 years, the schools have vetted and hosted our summer programs. Multi-year contracts with national chain schools.
5,000 Hours of innovative STEAM curriculum – Choose from the latest courses in coding, game design, VR, robotics, engineering, 3D printing, and so much more.
7,500 Idea Lab Students & Alumni – More families choose Idea Lab over other S.T.E.A.M. programs. Profiled by Debra Duncan at Great Day Houston, Fox Network for unique and fun place for curious kids.
Idea Lab Kids Advantage
Proved model of success in any area
- Diverse cutting-edge curriculum
- Multiple revenue stream opportunities
- Thrive in any economy by providing affordable programs to parents who put education first on their list of expenditures
Custom Franchise Program For Your Need:
Lets Get Started
- Territory analysis and campus design guidance
- Guidance how to obtain contracts with public and private schools.
- Grand Opening weekly support
- Marketing resources to manage marketing campaigns
- Sessions on developing and implementing marketing campaigns.
- High Quality supply of marketing materials/SEO methodology to target families
Train To Succeed
- IDEA Lab provides a 5-day training at our training facility in our Central Office in Houston, Texas
- Our corporate team provides informative ongoing monthly webinar trainings
- Our franchise support team provides extensive first-year support to help our franchisees build their business
- We work closely and strategize with our established franchisees to help develop and expand their organizations as they progress through the stages of business growth
Continue to Grow (Ongoing Support)
- Our research and development team continue to create cutting-edge curriculum.
- Host an annual franchisee meeting.
- Webinars and teleconference trainings designed to keep you informed and ahead of market needs.
- Ongoing communication with our franchise support team though weekly, bi- weekly and monthly call to strategize and grow your business.
Ideal Candidate
We're looking for franchise owners who are outgoing and have an outstanding passion for education. A person who can build relationships, lead a team, has the motivation to excel and is results-oriented! You must have a minimum of $90k in liquid capital and be ready to succeed.
If this sounds like the opportunity for you, request more information today!
Video
Awards
IDEA Lab Kids International Franchise Co. has received the following awards and acknowledgements:
Houston Business Journal's 2019 Innovation Award, and most recently was ranked #316 on Entrepreneur’s Magazine 2021, "500 Franchises Rank" as well as #8 in Franchise Gator's top 100 "Fastest-Growing Franchises" and #20 in the top 100 "Emerging Franchises"
Availability
IDEA Lab Kids International Franchise Co. is currently accepting inquiries from the following states:
Texas,
Interested parties should have at least $90,000 in liquid capital to invest.