Start-Up Costs and Fees |
||
| Mind Lab | Kiddie Academy | |
| Investment | 35000 - 60000 | 345000 - 5605000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | |
| Advertising Fee | 2% | |
| Year Founded | 1994 | 1981 |
| Year Franchised | 1994 | 1992 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Mind Lab | Kiddie Academy | |
| Experience | People and management skills | |
Financing Options |
||
| Mind Lab | Kiddie Academy | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Mind Lab | Kiddie Academy | |
| Training | Classroom Training: 80 hours Additional Training: Online training | |
| Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Ad slicks, Regional advertising, Website, Web Advertising | |
| Operations | 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Mind Lab | Kiddie Academy | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Mind Lab | |
| Kiddie Academy | |
| Franchise Fee | |
| Mind Lab | |
| Kiddie Academy | |
| Royalty Fee | |
| Mind Lab | |
| Kiddie Academy | 7% |
| Advertising Fee | |
| Mind Lab | |
| Kiddie Academy | 2% |
| Year Founded | |
| Mind Lab | 1994 |
| Kiddie Academy | 1981 |
| Year Franchised | |
| Mind Lab | 1994 |
| Kiddie Academy | 1992 |
| Term Of Agreement | |
| Mind Lab | |
| Kiddie Academy | 15 years |
| Renewal Fee | |
| Mind Lab | |
| Kiddie Academy | Varies |
Business Experience Requirements |
|
| Experience | |
| Mind Lab | |
| Kiddie Academy | People and management skills |
Financing Options |
|
| Franchise Fees | |
| Mind Lab | |
| Kiddie Academy | |
| Start-up Costs | |
| Mind Lab | |
| Kiddie Academy | |
| Equipment | |
| Mind Lab} | |
| Kiddie Academy | |
| Inventory | |
| Mind Lab | |
| Kiddie Academy | |
| Receivables | |
| Mind Lab | |
| Kiddie Academy | |
| Payroll | |
| Mind Lab | |
| Kiddie Academy | |
Training & Support |
|
| Training | |
| Mind Lab | |
| Kiddie Academy | Classroom Training: 80 hours Additional Training: Online training |
| Support | |
| Mind Lab | |
| Kiddie Academy | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Mind Lab | |
| Kiddie Academy | Ad slicks, Regional advertising, Website, Web Advertising |
| Operations | |
| Mind Lab | |
| Kiddie Academy | 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Mind Lab | |
| Kiddie Academy | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Mind Lab | |
| Kiddie Academy | |
| International Expansion | |
| Mind Lab | |
| Kiddie Academy | |