About MindChamps (New York) Franchise
MindChamps is a global preschool franchise that brings neuroscience informed early childhood education to families in the United States.
Under parent company MindChamps International PreSchool Inc., the brand has been franchising since 2022, offering a premium alternative to conventional daycare and preschool programs.
The MindChamps approach is built on research into how young minds learn, grow, and develop confidence during their formative years.
MindChamps (New York) Franchise Cost & Fees
Minimum Investment
$673K
Average Investment
$874K
Maximum Investment
$1.1M
| 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 | 2% of Gross Sales (Brand Fund Contribution, up to 3%); 2% of Gross Sales or $4,000 per month, whichever is greater (Local Advertising Fee) | National brand fund |
| Total Investment Range | $673,293 – $1,074,293 | Includes build-out, inventory, working capital |
The investment range of $673K–$1.1M reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (7% of Gross Sales) and marketing fee (2% of Gross Sales (Brand Fund Contribution, up to 3%); 2% of Gross Sales or $4,000 per month, whichever is greater (Local Advertising Fee)) 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 | $35,000 | $35,000 |
| Site Assessment Fee | $5,000 | $25,000 |
| School Set-up Fee | $24,000 | $30,000 |
| Initial Training Fee | $30,000 | $30,000 |
| Launch Marketing | $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 |
| Miscellaneous Opening Expenses | $70,000 | $100,000 |
| Additional Funds – 3 months | $100,000 | $125,000 |
| Land and Development costs (optional) | $0 | $0 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | Full amount of then current initial franchise fee (Control Transfer); $5,000 per each new Owner (Non-Control Transfer) |
| Renewal Fee | $50,000 |
| Technology Fee | Email system: $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 |
| Audit Fee | $3,000 once a year (compliance); $3,000 once a year (accounts accuracy); plus costs for additional inspections/audits if non-compliance |
| 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 | $750 per day per trainer |
| 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 |
| 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 |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 158 hours (initial); 30 hours annually (additional) |
| 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 (Mar) (8 hours); Annual Global Teachers Development and Training Day (Sep) (8 hours); School-based Teachers Development and Training Day (8 hours). All offered online. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive, with a 6-month right of first refusal for the franchisee to operate an additional school within the Designated Area. |
| Exclusive Territory | No |
| Territory Size | No minimum size specified. Determined by factors such as population demographics, number of schools, marital status, age of children, workplace population, family data, household ownership, topographical features, and traffic flows. |
| Description | The Designated Area is set forth on a map attached to Schedule F and within boundaries described. It includes the area within a boundary line running continuously inside the interior side of streets or roads, not the exterior. |
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 a new franchise agreement 9 months prior to expiry, have duly observed and performed all obligations without default, paid all outstanding monies, comply with then-current System and fees, undertake reasonable upgrade/remodeling, and pay the renewal fee. |
| Transfer Fee | Full amount of then current initial franchise fee (Control Transfer); $5,000 per each new Owner (Non-Control Transfer); plus reimbursement of franchisor's costs and expenses incurred in connection with the transfer. |
| Transfer Conditions | Transfer is permitted only after one year from the Operation Commencement Date, subject to franchisor notification, franchisor's right of first refusal, franchisor's assessment of assignee's suitability, franchisor's written approval, assignee paying a new initial franchise fee, and assignee undergoing a training program. |
| Termination for Cause | The franchisor may terminate for curable defaults (e.g., breach of terms, default of payment) if not remedied within 14 days. Non-curable defaults (immediate termination) include repeated breaches (3+ times in 12 months), untrue/misleading records, cessation of business, unauthorized change in management/ownership/control, franchisee/partner/officer/employee charged/convicted of felony/crime involving fraud/moral turpitude or other crime affecting goodwill/operation, fraudulent/deceptive/unethical conduct, false/misleading information to franchisor, compounding with creditors/receiver appointed, writ of distress/execution not withdrawn in 3 months, Key Person dies/incapable for 2 months, preferential commission structure, breach of Sections 11.2/11.3, denial of franchisor access, endangering health/safety, loss of required permits/licenses, abandonment of business/franchise relationship, or failure to agree on substitute site. |
| Non-Compete Period | During the term of the franchise; 2 years after termination or expiration. |
| Non-Compete Details | During the term, the franchisee is prohibited from engaging in any business venture or undertaking that competes with the franchisor's business or any other business under franchisor/affiliate brands (education, performing arts, music, early intervention services, enrichment services). After termination/expiration, this prohibition extends for 2 years in specified geographic areas (globally, then US, then state, then 15km radius, then 5km radius) and includes not soliciting customers or disparaging the System. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | At least one Owner or Key Person must devote their full time, energy, and effort to the management and supervision of the School. The School must be at all times under the supervision of a designated On-Site School Director/Principal who must be qualified and trained. The Key Person must reside in the same market as the School and must routinely be on-premises at the School. |
| Required Suppliers | Franchisor or approved suppliers for Proprietary Products, IT services, hardware, enrollment and other software programs. |
| Supply Restrictions | Franchisor establishes specifications, requires approval of alternative suppliers, or designates specific suppliers. These specifications and standards can be unilaterally changed. Approximately 95% of initial and operating purchases/leases are subject to these restrictions. |
| Franchisor Revenue from Suppliers | In the year ending December 31, 2023, we did not derive any revenue from the sale of any required purchases or leases by franchisees. Neither we nor our other affiliates derived any other revenue from required purchases or leases. |
MindChamps (New York) Franchise Earnings — Item 19
MindChamps (New York) 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 (New York) 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 (New York) Litigation & Risk Flags
Clean Litigation RecordMindChamps (New York) 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 (New York) System Growth
Total Units
0
Franchised
0
Company-Owned
0
MindChamps (New York) 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 (New York) Franchise — FAQ
The total investment to open a MindChamps (New York) franchise ranges from $673,293 to $1,074,293, 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 (New York) charges a royalty fee of 7% of Gross Sales of gross sales, plus a 2% of Gross Sales (Brand Fund Contribution, up to 3%); 2% of Gross Sales or $4,000 per month, whichever is greater (Local Advertising Fee) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the MindChamps (New York) 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 (New York) to ensure you have the most up-to-date version.
MindChamps (New York) 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 (New York) has been franchising since 2022. The FDD shows an investment range of $673,293-$1,074,293, 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 $673,293 to $1,074,293 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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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from MindChamps (New York) and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with MindChamps (New York) or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com