Idea Lab

Who are we

What to know about Idea Lab franchise? Idea Lab is an after-school, birthday and enrichment business that provides STEAM (Science Technology Engineering Arts and Math) programs for children. They offer two types of programs: onetime workshops and multi-week courses. The onetime workshops are two hours long and the courses are three hours long, once a week for six weeks. They provide a place for kids to be creative, explore new ideas, and have fun. The classes are designed to teach kids how to think creatively and problem solve. They also extend a variety of after-school and weekend programs. The company strives to create an environment where children can explore their interests, ask questions, and take risks. Idea Lab provides their franchisees with everything they need to get started, including a business plan, marketing materials, and training. Idea Lab is based in Houston, TX. Scroll down to learn more!How much does a Idea Lab franchise cost?Are you wondering how much is a Idea Lab franchise? Before starting a Idea Lab franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a Idea Lab franchise is $163,000 and can go all the way up to $465,000. Keep in mind, you should also allocate additional funds to live off of while the Idea Lab business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Idea Lab franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Idea Lab business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Idea Lab franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.