- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$58K - $227K
- Units as of 2024
-
44 12.8% over 3 years
Little Medical School was founded in 2010 in St. Louis, Missouri, by Dr. Mary Mason. Little Medical School is a mobile business that offers franchise opportunities to entrepreneurs and operates by bringing science, medicine, and the significance of good health to children using entertaining methods.
With a Little Medical School franchise, children and young adults between ages 3 and 14 will be educated on health science while having fun. Kids are encouraged to dress like clinical officers, doctors, veterinarians, or nurses to role-play. The participants are then introduced to, and have the opportunity to learn about, medical equipment while striving to better understand the medical world.
Little Medical School began franchising in 2014. Since doing so, Little Medical School has expanded to over 30 U.S. franchises, as well as more than a dozen internationally.
Why You May Want to Start a Little Medical School Franchise
Little Medical School's operations may be simple. They also may offer low startup costs and a royalty waiver for the first two months of operations. Their franchise model allows franchisees to run this business from their home or another facility, which should help keep the overhead low. The end goal of each Little Medical School franchise is to grow it into a thriving and gratifying business for the franchisee.
With a Little Medical School franchise, you do not need to have experience running a business, teaching, or even a medical background. The franchisor will provide you with the curriculum, necessary tools, and training to run your business. Some of their programs include a blend of interactive after-school programs including birthday parties, summer camps, boy scouts, preschool activities, and other special entertainment events.
What Might Make a Little Medical School Franchise a Good Choice?
To be part of the Little Medical School team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees.
Although Little Medical School does not offer any in-house financial assistance, the company has partnered with third-party financial lenders that can help qualified franchisees cover the costs of the franchise fee, startup, equipment, inventory, and accounts receivable.
Little Medical School also has medical experience, business management expertise, training, and support available for your benefit. The training will cover classroom management, technology tools, and curriculum. They also offer operations manuals, videos, marketing materials, and more.
Little Medical School programs are typically fairly easy to instruct and follow. Little Medical School can book various venues, including schools, libraries, birthday parties, daycares, and churches. These classes may significantly impact the kids by providing career options, awareness, and a hands-on experience.
How To Open a Little Medical School Franchise
As you decide if opening a Little Medical School franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Little Medical School franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Little Medical School franchising team questions.
Company Overview
About Little Medical School
Industry | Children's Businesses |
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Related Categories | Children's Enrichment Programs: STEM, Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Education/Enrichment |
Founded | 2010 |
Parent Company | LMS Franchising |
Leadership | Mary Mason, President |
Corporate Address |
11960 Westline Industrial Dr., #355 St. Louis, MO 63146 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
Franchising Since | 2014 (10 years) |
---|---|
# of employees at HQ | 4 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
# of Units | 44 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Little Medical School franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$35,000 |
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Initial Investment
|
$58,200 - $226,900 |
Net Worth Requirement
|
$300,000 |
Cash Requirement
|
$100,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
8% |
Ad Royalty Fee
|
$100/mo. |
Term of Agreement
|
5 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Little Medical School has relationships with third-party sources which offer financing to cover the following: equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 9 hours |
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Classroom Training | 28 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
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Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
# of employees required to run | 2-4 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Little Medical School landed on this year's Franchise 500 Ranking versus previous years.
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