Franchise Facts Report → brands → Idea Lab Kids

Idea Lab Kids franchise — is it worth it?

Medium risk Item 19 disclosed

Idea Lab Kids offers a franchise opportunity in child services and education, with an initial investment ranging from $163,000 to $465,000.

Everything below is free, read straight off Idea Lab Kids's registered filing, with where the numbers land against child services & education peers. Weighing Idea Lab Kids against other options? Get a free shortlist of franchises that fit your budget.

Figures above are as disclosed in Idea Lab Kids's most recent FDD (registered 2023). Source: California Dept. of Financial Protection and Innovation — Franchise Registration · filing app-26164 — check it yourself. See every other California-registered franchise.

How much does a Idea Lab Kids franchise make?

Idea Lab Kids is one of the franchisors that answers this on the record: its most recent FDD makes an Item 19 financial performance representation — actual unit earnings figures, disclosed by the franchisor itself. The headline figure is $165,170 in average unit revenue — read it alongside what Item 19 says about which units it covers (often only mature or top-performing locations). See every child services & education brand that discloses earnings in the Child care & education franchises with disclosed Item 19 earnings ranking.

Idea Lab Kids franchise profit vs. revenue

Revenue is not profit. An Item 19 almost always reports sales — what a location takes in — not what an owner keeps. Out of that number come Idea Lab Kids's 8% royalty, the ad fund, rent, payroll, supplies and debt service. No FDD tells you a Idea Lab Kids franchise's profit, because profit depends on your site, your rent and how you run it — so treat any "Idea Lab Kids franchise profit" figure quoted elsewhere as someone's estimate, not a disclosure. On $165,170 of revenue, a 8% royalty alone is about $13,214 a year before any other cost.

Idea Lab Kids lawsuits & legal history (FDD Item 3)

Idea Lab Kids's most recently filed Franchise Disclosure Document (2023) does disclose legal proceedings in Item 3 . Item 3 is the item where a franchisor must put its material legal history on the record. Two things it is not: it covers the franchisor and its predecessors, parents and affiliates, so a disclosed case is not necessarily a suit against Idea Lab Kids itself; and a disclosure is a fact, not a finding of wrongdoing — most entries are contract disputes with former franchisees, which every large system accumulates. Item 3 of the source FDD describes each case.

Idea Lab Kids closures & failure rate

Before you sign, Idea Lab Kids will hand you a list of current owners to call as references — and they choose who's on that list. It won't include the owners who quit, got bought out, or were forced out last year. The FDD does report that number, even though the reference list leaves those people off. Below is what Idea Lab Kids's most recent filing shows, and whether it's normal for a child services & education of this kind.

The closest thing an FDD has to a failure rate is Item 20 — outlet openings, closures, terminations and non-renewals, reported by the franchisor. Idea Lab Kids's outlet tables did not machine-read cleanly; Item 20 of the source FDD has them.

Who owns Idea Lab Kids?

Idea Lab Kids's franchise is offered by Lyricos Learning, LLC — the franchisor named on the cover of its most recently filed Franchise Disclosure Document (2023), and the entity a franchisee actually signs with. That name comes straight off the filing at CA DFPI; it identifies the franchisor, not necessarily the ultimate parent company behind it.

Child services & education franchises at a similar investment level

Anyone weighing Idea Lab Kids is really weighing it against the other brands their money could go into. These are the closest by total initial investment (FDD Item 7), each with its own FDD-based page.

Idea Lab Kids franchise — frequently asked