Can you get an SBA loan for a MindChamps International PreSchool; MindChamps franchise?

Yes, SBA loans are available for MindChamps International PreSchool; MindChamps franchises. Historical data shows 1 SBA 7(a) loans have been approved for MindChamps International PreSchool; MindChamps franchisees, with an average loan amount of $25,000. The historical default rate is 0.0%.

Is MindChamps International PreSchool; MindChamps a good franchise to buy?

MindChamps International PreSchool; MindChamps shows several positive indicators: low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

MindChamps International PreSchool; MindChamps

MindChamps International PreSchool Franchising Inc. offers franchises for the establishment, development, and operation of premium preschool facilities under the MindChamps mark, providing educational activities and childcare services to children aged six weeks to five years old. The business model involves franchisees leasing or acquiring sites, paying initial fees, and operating Schools using the franchisor's proprietary systems, marks, and support services. It targets parents in urban and suburban areas seeking high-quality early childhood education and childcare.

$726K–$1184K

Investment

Since 2022

Franchising

Education & TrainingDover, DEMindChamps International PreSchool Inc. (MIPI)www.mindchamps.orgDisclaimer

Franchise Costs

Franchise Fee

$100,000

Item 5 of FDD

Initial Investment Range

$726,230 – $1,183,656

Low: $726,230High: $1,183,656

Item 7 of FDD

Royalty Rate

7.00%

of gross sales

Brand Fund

2.00%

Item 6 of FDD

Fixed Monthly Fees

$940 – $1,542

Item 6 of FDD

7% royalty + 2% brand fund + $940-$1,542/mo technology & software fees

Financial Performance

Item 19 Financial Performance

This franchise did not provide Item 19 financial performance data.

Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.

Extracted Item 19 Section

How MindChamps International PreSchool; MindChamps Compares

Franchise	Investment	Fee	Royalty	Locations
MindChamps International PreSchool; MindChamps Current	$726K – $1.2M	$100K	7.0%	0
THE LEARNING EXPERIENCE ACADEMY OF EARLY EDUCATION	$781K – $1.5M	$60K	7.0%	411
KIDDIE ACADEMY EDUCATIONAL CHILD CARE	$405K – $915K	$150K	7.0%	344
Jovie	$124K – $193K	$50K	5.0%	165
CHILDRENS LIGHTHOUSE SCHOOLS	$1.1M – $1.5M	$85K	7.0%	69
Lightbridge Academy	$1.1M – $3.1M	$40K	7.0%	55
Early Childhood Education Average 17 franchises	$868K – $2.3M	$76K	6.6%	–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 17 Early Childhood Education franchises by location count.

SBA Loan History

Historical SBA 7(a) loan data for MindChamps International PreSchool; MindChamps franchisees (2018 – 2018)

Total Loans

Average Loan

$25,000

Total Volume

$0.0M

Default Rate

0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Due Diligence

Litigation (Item 3)

Franchisee Cases0

No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations

Non-Renewals

Reacquired

Ceased Ops

Transfers

Sold to Franchisees

Projected New

Frequently Asked Questions

The total initial investment to open a MindChamps International PreSchool; MindChamps franchise ranges from $726,230 to $1,183,656. This includes a franchise fee of $100,000. Ongoing royalty fees are 7.0% of gross sales.