Start-Up Costs and Fees |
||
| Kiddie Academy | Mind Lab | |
| Investment | 345000 - 5605000 | 35000 - 60000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | |
| Advertising Fee | 2% | |
| Year Founded | 1981 | 1994 |
| Year Franchised | 1992 | 1994 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Kiddie Academy | Mind Lab | |
| Experience | People and management skills | |
Financing Options |
||
| Kiddie Academy | Mind Lab | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Kiddie Academy | Mind Lab | |
| 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 |
||
| Kiddie Academy | Mind Lab | |
| 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 | |
| Kiddie Academy | |
| Mind Lab | |
| Franchise Fee | |
| Kiddie Academy | |
| Mind Lab | |
| Royalty Fee | |
| Kiddie Academy | 7% |
| Mind Lab | |
| Advertising Fee | |
| Kiddie Academy | 2% |
| Mind Lab | |
| Year Founded | |
| Kiddie Academy | 1981 |
| Mind Lab | 1994 |
| Year Franchised | |
| Kiddie Academy | 1992 |
| Mind Lab | 1994 |
| Term Of Agreement | |
| Kiddie Academy | 15 years |
| Mind Lab | |
| Renewal Fee | |
| Kiddie Academy | Varies |
| Mind Lab | |
Business Experience Requirements |
|
| Experience | |
| Kiddie Academy | People and management skills |
| Mind Lab | |
Financing Options |
|
| Franchise Fees | |
| Kiddie Academy | No |
| Mind Lab | No |
| Start-up Costs | |
| Kiddie Academy | |
| Mind Lab | |
| Equipment | |
| Kiddie Academy} | |
| Mind Lab | |
| Inventory | |
| Kiddie Academy | |
| Mind Lab | |
| Receivables | |
| Kiddie Academy | |
| Mind Lab | |
| Payroll | |
| Kiddie Academy | |
| Mind Lab | |
Training & Support |
|
| Training | |
| Kiddie Academy | Classroom Training: 80 hours Additional Training: Online training |
| Mind Lab | |
| Support | |
| Kiddie Academy | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Mind Lab | |
| Marketing | |
| Kiddie Academy | Ad slicks, Regional advertising, Website, Web Advertising |
| Mind Lab | |
| Operations | |
| 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) |
| Mind Lab | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Mind Lab | |
| Canada Expansion | |
| Kiddie Academy | |
| Mind Lab | |
| International Expansion | |
| Kiddie Academy | |
| Mind Lab | |