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Idea Lab

Idea Lab Kids is the disruptor in providing out of the school educational programs for kids ages 4 - 14. Our STEAM (Science | Tech | Engineering | Culinary and Visual Art | Mathematics based programs are exciting and innovative.

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Idea Lab

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Idea Lab Franchise Cost and Requirements for 2024

Background

Rock Your Grey Matter

IDEA Lab is unique kids franchise opportunity that allows our franchisee business partners to build a financially valuable business by providing multiple revenue streams.

We are seeking to partner with driven professionals and investors who have a passion for building a profitable business while also making a positive impact in their community by provided S.T.E.A.M Education.

A background in childcare or education but a passion to educate kids is desirable to succeed as an IDEA lab franchise. In children franchise industry, franchise owners today come from diverse backgrounds and have a common goal of making difference early childhood education and achieve financial success.

Our franchisee business partners will have option to be an active role in the business as the full-time General Manager or choose to hire a full-time Program Coordinator and serve in a consultant role. Either way, in this fastest growing business sector, we can help you determine which path may be right for you.

At IDEA lab Kids Franchise, you will be helping others and also have financial success, our business offers you the ability to do both.

Company History

IDEA Lab began in the summer of 2009 when then Ghazal Qureshi, Data Scientist / Computer Science Graduate, decided to find unique summer camps for her kids. She recognized a need for a unique and specialized STEAM classes that put the Art into Science, Technology, Engineering, and Math for an integrated, holistic, and creative approach to learning. She started IDEA Lab summer camps in premise of another child play business and since than IDEA lab has grown into full multi-revenue stream business model working directly with school districts and owning several locations in Houston. It is this commitment to provide STEAM education to kids and proprietary system that distinguishes the company today.

Company Details

Established: 2011
First Unit Franchised: 2017
Assigned Units: +90
Company Owned Units: 0
States Registered In: All
Canada Franchises: Yes
International Franchises: Yes

Support and Training Offered By Idea Lab

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: No
Training: 6 days in Houston working at Corporate Store. Strong online training portal

Other Info: Business Development hands-on assistance for first 6 months.

2024 Franchise Requirements Needed to Own a Idea Lab Franchise.

What does a Idea Lab Franchise Cost?

Idea Lab franchise fees for 2024:

Cash Investment: $50,000
Total Investment: $150,000 - $225,000
Minimum Net Worth: $100,000
Franchise Fee: $35,500
Royalty: 8%
Ad: 1%
Average Number of Employees: 4 - 6
Item 19: No
Visa Candidates: Yes
Passive Ownership: Yes
Home Based: YNo
B2B: No
Master Franchise Opportunities: Yes
Veteran Discount: Yes 10%

Is Idea Lab a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Idea Lab is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Idea Lab a Home Based franchise?

Yes. Idea Lab is a home based franchise opportunity.

What Do Idea Lab Franchise Owners Make?

This information is not available. Idea Lab does not offer an Item 19 in their Franchise Disclosure Document.

Is Idea Lab a Master Franchise Opportunity?

Yes. Idea Lab is a master franchise opportunity. A master franchisee is responsible to recruit, train and support franchisees in their territory.

Does Idea Lab Offer a Veteran Discount?

No. Idea Lab franchise does not offer a veteran discount.

Does Idea Lab Work with E2 Visa and EB-5 Visa Candidates?

Yes. Idea Lab franchise does work with E2 Visa and EB-5 Visa candidates.

Is Idea Lab Looking for Franchisees in Canada?

Yes. Idea Lab franchise is looking for Canada franchisees.

Is Idea Lab Looking for International franchisees?

Yes. Idea Lab franchise is looking for International franchisees.

Where can I see Idea Lab's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Child Related, Education, Non Food Franchises

Number of Units Open

20-50 UNITS

Cash Required

$50,000 - $100,000

Master Franchise

Yes

Passive Franchise

Yes

Home Based Franchise

Yes

Item 19 Franchise

No

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

Yes

E2 Visa Franchise

Yes

Idea Lab Franchises for Sale

Click Here to inquire about existing Idea Lab franchises for sale. We may have Idea Lab franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

Franchises Similar to Idea Lab

Discovery Point, Bricks 4 Kidz, Kidcreate Studio, Young Chefs Academy, Stemtree, Princess & Tiaras, High Touch High Tech - Science Made Fun, Soccer Shots, Bach to Rock, Destination Athlete, The Goddard School, D-BAT, Acti-Kare, Hi-Five Sports, Goldfish Swim School, Amazing Athletes, Little Medical School, Bricks & Minifigs, Ivy Kids Systems, Casa de Corazón, CodeFu, Kids 'R' Kids Learning Academies, Hudson Valley Swim, Sylvan Learning, Children's Art Classes, Tippi Toes, Taste Buds Kitchen

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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