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Below is an in-depth analysis and side-by-side comparison of Mind Lab vs Flour Power Kids Cooking Studios including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $35,000 - $60,000 | $131,675 - $241,675 |
Franchise Fee | N/A | $39,875 |
Royalty Fee | - | 6% |
Advertising Fee | - | $149/mo. |
Year Founded | 1994 | 2008 |
Year Franchised | 1994 | 2015 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | We like hard working individuals with an entrepreneurial spirit best! We like individuals who understand that a system has been developed and they need to follow it in order to succeed. Our best success stories are from Studio Owners who work in their studios full time and provide outstanding customer service to customers and lead their employees by example! |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | On-The-Job Training: 20 hours Classroom Training: 20 hours Additional Training: ServSafe & first aid/CPR training |
Support | - | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media Website development Email marketing |
Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 8 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
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!