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Updated RecentlyKids 'R' Kids vs Mind Lab Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Kids 'R' Kids vs Mind Lab including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $4,401,000 - $5,701,000 | $35,000 - $60,000 |
| Franchise Fee | $115,000 | N/A |
| Royalty Fee | 6% | - |
| Advertising Fee | 1% | - |
| Year Founded | 1985 | 1994 |
| Year Franchised | 1988 | 1994 |
| Term Of Agreement | 25 years + 10 | - |
| Term Of Agreement | 25 years + 10 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Interested candidates should have a minimum net worth of $750,000 and liquid assets of at least $300,000 | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | Kids 'R' Kids Learning Academy's Operations and Support Team provides ongoing support for its franchisees and their businesses. Each franchised location has an assigned Operations Consultant to work directly with the franchise owner and act as the primary contact to assist with his or her needs. Thorough Training: Phase I - Business start-up training held at Support Center in Duluth, Georgia Phase II - Day-to-day Operations Training Class Phase III - Key Personnel training- Held on-site prior to opening | - |
| Support | The Operations & Support team is committed to providing support within the following departments: marketing, curriculum and instruction, administration, as well as state and federal government relations. | - |
| Marketing | -Initial marketing plan -Pre-opening through Grand opening -Local marketing plan to acquire and retain customers -Social Media and Digital marketing program -Website -Customized local content -Public Relations -Brand and Local PR | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Kids 'R' Kids
Veteran Incentives 10% off franchise fee
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About Mind Lab
As instructors Mind Lab have to get ready and instruct understudies to be adaptable, to be versatile and to be in fact gifted for a world that is progressively computerized, worldwide and particular. A profound comprehension of community oriented situations, extend based work streams, plan considering, social mindfulness and worldwide connectedness will arm understudies for the world ahead.
As an educator Mind Lab need our understudies to make basic and important associations with new information, new ideas and new thoughts. Contemporary instructing progressively permits understudies' to investigate gaining from their very own point of view, conveying their reality to the learning environment and their experience to the learning procedure.
At last to encourage change and to enact advance requires educators and understudies to take in the apparatuses, pick up the information and to be given the ability to be strong, imaginative, inquisitive and adaptable.
Mind Lab start with preparing at our home office or, in the event that you incline toward, at your area. You will get the whole educational programs, programming, recreations and other instructive extras that involve the Mind Lab Method. You will likewise get our Marketing, Training and Operations Know-How. At that point, as your business develops, we will bolster you with extra preparing and counsel at all times. We welcome you to go along with us at the International Mind Lab Group. As an individual from the Mind Lab Family, you will help kids prevail in their reviews and their lives and, in the meantime, fabricate your own particular effective business!