About MindChamps - Maryland Franchise
MindChamps is a premium early childhood education franchise rooted in neuroscience based learning methodologies developed in Singapore.
The brand has been expanding its franchise operations in the United States since 2022 under parent company MindChamps International PreSchool Inc.
Each center offers a distinctive curriculum designed to develop children's cognitive, emotional, and creative abilities during their most critical developmental years.
MindChamps - Maryland Franchise Cost & Fees
Minimum Investment
$726K
Average Investment
$955K
Maximum Investment
$1.2M
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $100,000 | One-time payment upon signing |
| Royalty Fee | 7% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Currently 2% of Gross Sales (Brand Fund Contribution), may increase up to 3% of Gross Sales. Plus Local Advertising Fee: 2% of Gross Sales or $4,000, whichever is greater. | National brand fund |
| Total Investment Range | $726,230 – $1,183,656 | Includes build-out, inventory, working capital |
The investment range of $726K–$1.2M reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (7% of Gross Sales) and marketing fee (Currently 2% of Gross Sales (Brand Fund Contribution), may increase up to 3% of Gross Sales. Plus Local Advertising Fee: 2% of Gross Sales or $4,000, whichever is greater.) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $100,000 | $100,000 |
| Site Selection Fee or Site Assessment Fee | $5,000 | $35,000 |
| School Set-up Fee | $24,000 | $30,000 |
| Initial Training Fee | $30,000 | $30,000 |
| Marketing Starter Pack Fee | $40,000 | $40,000 |
| Document Preparation Fee | $3,000 | $3,000 |
| Security Deposit for Lease | $15,000 | $100,000 |
| Pre-paid rent for up to 3 months | $0 | $90,000 |
| School resources and equipment | $240,000 | $300,000 |
| Marketing Materials | $15,000 | $20,000 |
| Additional site work costs (for build-to-suit schools) | $30,000 | $100,000 |
| Email system | $360 | $360 |
| Customer Relationship Management system | $186 | $186 |
| Student Management system | $975 | $975 |
| Finance software | $135 | $600 |
| HRMS | $240 | $600 |
| Cloud Phone system | $324 | $660 |
| Document system | $420 | $840 |
| Phone hardware | $1,710 | $3,630 |
| IT infrastructure (including Network Switch, Wifi access point, CCTV, Firewall) | $18,000 | $35,000 |
| Laptop | $8,100 | $15,400 |
| Smartboard | $22,400 | $48,000 |
| Door recognition device | $1,200 | $4,000 |
| Printer | $180 | $405 |
| Miscellaneous Opening Expenses | $70,000 | $100,000 |
| Additional Funds – 3 months | $100,000 | $125,000 |
| Land and Development costs (optional) | $2,726,230 | $6,183,656 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | Full amount of then current initial franchise fee for Control Transfer; $5,000 per each new Owner for non-Control Transfer. |
| Renewal Fee | Fifty percent (50%) of the Initial Franchise Fee (i.e. $50,000). |
| Technology Fee | Email: $6 per staff/account per month; Customer Relationship Management system: $62 per month for one (1) licence; Student Management system: $325 per month for one (1) licence; Finance software: $45 - $100 per user per month; HRMS: $4 - $10 per staff per month; Cloud Phone system: $12 - $20 per phone per month; Document system: $7 - $14 per staff per month; Printer: $60 - $135 per month. |
| Audit Fee | $3,000 once a year (annual audit); Additional Audit Fees (costs incurred + 10% on actual costs) if non-compliance, failure to provide records, understatement/overstatement by >2%, fraud, illegal activity, or breach of governmental/licensing/labor laws. |
| Facilities Expansion Fee | $5,000 |
| Marketing Materials | Our costs plus any licensing fees (up to 20% of our costs), shipping, handling and storage costs. |
| Proprietary Products | Full purchase price plus licensing fee (of 20% of our costs) and the actual cost of shipping, handling and storage costs. |
| Late Reporting Fee | $100 per day |
| Late Crisis Notification Fee | $10,000 for each separate event of failure to notify plus $500 per day beginning on the second day |
| Late Fee | 1.5% per month, plus a 5% late fee on past due amounts. |
| Annual Business Leaders Conference | $500 per attendee per conference. |
| Additional Professional Training Fee | A fee that we may set for each additional training program, which will vary from program to program. Our current rate per trainer is $750 per day. |
| Educator Training & Development Day | $50 per attendee per conference. |
| Remedial Expense | Our costs and expenses incurred and an additional 10% on the actual costs incurred. |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Initial training is 158 hours of classroom/eLearning/remote learning. Additional training events are 30 hours. |
| Classroom Training | 158 hours |
| On-the-Job Training | 0 hours |
| Training Location | Online |
| Additional Training | Quarterly Community of Practice (6 hours), Annual Global Teachers Development and Training Day (8 hours each in March and September), School-based Teachers Development and Training Day (8 hours). All offered online. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | No minimum size specified; determined by factors like population demographics, number of schools, etc. |
| Description | A non-exclusive marketing area (the “Designated Area”) is assigned. The franchisor and its affiliates retain the right to conduct any business activities, under any name, in any geographic area, and at any location, regardless of proximity to the franchisee's School. This includes operating or licensing other schools, or selling similar goods/services under different trademarks or through other distribution channels, even within the Designated Area. Franchisee has a 6-month right of first refusal to operate a new school in the Designated Area. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | 10 years |
| Renewal Fee | $50,000 |
| Renewal Conditions | Franchisee must give written notice 18 months prior to expiry, enter new agreement 9 months prior, have complied with all obligations, paid all outstanding monies, agree to comply with current System and fees, undertake reasonable upgrades/remodeling, and pay renewal fee. |
| Transfer Fee | Full amount of then current initial franchise fee for Control Transfer; $5,000 per each new Owner for non-Control Transfer. |
| Transfer Conditions | Franchisee must notify franchisor with full details, franchisor has right of first refusal, potential assignee must meet with franchisor for suitability assessment, all reasonable costs incurred by franchisor for evaluation must be paid, assignee must pay non-refundable initial franchise fee (equal to then-current fee), assignment must be approved in writing, assignee must undergo training. |
| Termination for Cause | Franchisor may terminate immediately for non-curable defaults (e.g., repeated breaches, false information, cessation of business, unauthorized change of control, criminal conduct, endangering health/safety, loss of permits, abandonment). For curable defaults (e.g., breach of terms, default in payment), franchisee has 14 days to cure after notice. |
| Non-Compete Period | 2 years |
| Non-Compete Details | During the term and for 2 years after, franchisee/owners cannot engage in any competing business venture (i) with the Business or (ii) any other business under any brand name operated by franchisor/affiliates/licensees (including education, performing arts, music, early intervention, enrichment services) in specified countries (Singapore, Malaysia, Indonesia, Philippines, China, Myanmar, Vietnam, Australia, UAE, US, and any other country where franchisor operates), or if unenforceable, in the US, or if unenforceable, in the same state, or if unenforceable, within a 15km radius, or if unenforceable, within a 5km radius. Also, cannot solicit customers of franchisor/affiliates/licensees or disparage the System for 2 years after termination/expiration. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | At least one Owner or one Key Person must devote full time, energy, and effort to the management and supervision of the School. The School must always be under the supervision of a designated On-Site School Director/Principal who must be qualified and trained. |
| Required Suppliers | Franchisee must purchase Proprietary Products from franchisor or approved suppliers. Must procure IT services, hardware, and enrollment/software programs from franchisor, affiliates, or approved suppliers. |
| Supply Restrictions | 95% of purchases and leases for establishing and operating the School are subject to franchisor restrictions. Franchisor sets specifications and may designate specific suppliers. |
| Franchisor Revenue from Suppliers | $0 for the year ending December 31, 2023. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | Neither we nor any of our affiliates offer, directly or indirectly, any financing arrangements to our franchisees. We do not guarantee your notes, leases or other obligations. |
MindChamps - Maryland Franchise Earnings — Item 19
MindChamps - Maryland does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
MindChamps - Maryland does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
MindChamps - Maryland Litigation & Risk Flags
Clean Litigation RecordMindChamps - Maryland has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
MindChamps - Maryland System Growth
Total Units
0
Franchised
0
Company-Owned
0
MindChamps - Maryland currently operates 0 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 14 states: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
Franchisor Financials (Item 21)
0
Net Income
$-659,475
Total Assets
$6.9M
Audited by Citrin Cooperman & Company, LLP for year ending December 31st.
MindChamps - Maryland Franchise — FAQ
The total investment to open a MindChamps - Maryland franchise ranges from $726,230 to $1,183,656, per their Franchise Disclosure Document. This includes the initial franchise fee of $100,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
MindChamps - Maryland charges a royalty fee of 7% of Gross Sales of gross sales, plus a Currently 2% of Gross Sales (Brand Fund Contribution), may increase up to 3% of Gross Sales. Plus Local Advertising Fee: 2% of Gross Sales or $4,000, whichever is greater. contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the MindChamps - Maryland Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from MindChamps - Maryland to ensure you have the most up-to-date version.
MindChamps - Maryland does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
MindChamps - Maryland has been franchising since 2022. The FDD shows an investment range of $726,230-$1,183,656, a 7% of Gross Sales royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $100,000 and the total investment ranges from $726,230 to $1,183,656 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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