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- 2022 Franchise 500 Rank
N/R Ranked #499 last year
- Initial investment
$38K - $222K
- Units as of 2022
39 25% over 3 years
Here’s what you need to know if you’re interested in opening a Little Medical School franchise.
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.
About Little Medical School
- Franchising Since
- 2014 (8 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
- # of Units
- 39 (as of 2022)
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
- $15,000 - $40,000
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $38,200 - $221,900
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Veteran Incentives
- 25% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 5 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Little Medical School offers in-house financing to cover the following: franchise fee, startup costs
- Third Party Financing
- Little Medical School has relationships with third-party sources which offer financing to cover the following: equipment, inventory, accounts receivable, payroll
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
- 11 hours
- Classroom Training
- 27 hours
- Additional Training
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite Selection
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in franchise ownership like Little Medical School? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Little Medical School landed on this year’s Franchise 500 Ranking versus previous years.
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