FranchiseVerdict
Little Medical School logo
FV-01513·STRONGExcellent86

Little Medical School

Formerly known as LMS Solutions

RetailFranchising since 2014Website
Investment
$58K – $227K
8th pct Retail
Avg revenue
53rd pct Retail
Royalty
Units
34
32nd pct Retail
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $58K – $227K including a $35K franchise fee.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
  • System growing at 50.0% CAGR over 3 years with 34 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
LMS Franchising, LLC
Incorporated in
Missouri
HQ
11960 Westline Industrial Drive, Suite 355, St. Louis, Missouri 63146
Auditor
Bernard Robinson & Company, L.L.P.
Audited financials
Franchisor revenue
$535K
vs $427K prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Little Medical School unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: retail
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $58K–$227K
Working capital
$
FDD reports $4K–$25K

Unlevered ROIC · per unit

33%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$53K
EBITDA margin
7.0%
Total invested
$157K
Payback
36 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Little Medical School franchisees operate medical/STEM education programs for children, typically delivered through after-school classes, summer camps, and enrichment workshops. Daily operations involve classroom instruction, parent communications, enrollment management, and vendor coordination for science-based curriculum delivery.

CEO
Dr. Mary Mason
Founded
2014
FDD year
2024
States available
16

Item 7 · what it costs

The Vitals

Total investment
$58K – $227K
All-in to open one unit
Liquid capital
$4K – $25K
Cash you must have on hand
Franchise fee
$35K
Royalty
The greater of 8% of Gross Sales or the Monthly Minimum R…
Ad fund
2.0%
typical 3–5%
Total fee load
10.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
34
Opened
2
Last reporting year
Closed
1
Turnover rate
2.9%
Company-owned
4
Corporate units in the system
% franchised
88%
vs corporate-owned
Net growth (yr3)
+3.4%
Net unit change last year
3-yr CAGR
+50.0%
Compounded over last 3 years
2022
30+4
Franchised units
2023
29
Franchised units
2024
20
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 13 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 13 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
2
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

54
Risk · 0-100
STRONG54 / 100

Undisclosed financials, stagnant unit growth, past regulatory violation, and high fixed royalties create meaningful profitability uncertainty in a micro-franchise system.

Score breakdown · what drove the 54 / 100 rating

  1. 01MINORNo financial performance disclosure (Item 19) — cannot validate ROI claims or average unit economics
  2. 02MINORMinimal system growth (3.4% YoY) with only 34 units suggests market saturation or weak demand
  3. 03MINORWide investment range ($58.2K–$226.9K) indicates unclear cost structure and inconsistent franchisee experiences
  4. 04MINORRegulatory violation in 2019: unauthorized franchise sale after registration expired shows compliance weakness
  5. 05MINORHigh royalty floor (8% minimum + monthly fee) creates fixed cost burden regardless of sales performance
  6. 06MINOR5-year term is relatively short, creating reinvestment uncertainty and reduced asset recovery window

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population-based
Protected territory
Yes
Initial term
5 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Missouri

Item 11

Training & Operations

Classroom training
28 hrs
On-the-job training
9 hrs
POS system
Naranga
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

23 numbers

Locked
(410) 994-••••
MD
(956) 898-••••
TX
(732) 887-••••
NJ

One-time purchase · CSV download · Validation questions included

FDD download

Little Medical School · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above