About MCIPF - South Dakota Franchise
MindChamps International PreSchool is a Singapore based early childhood education franchise expanding across the United States.
The program draws on decades of neuroscience research to create a curriculum that develops children's intellectual, emotional, and social capabilities from an early age.
Since launching its U.S.
MCIPF - South Dakota Franchise Cost & Fees
Minimum Investment
$673K
Average Investment
$3.4M
Maximum Investment
$6.1M
| 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 | Currently 2% of Gross Sales (Brand Fund Contribution) | National brand fund |
| Total Investment Range | $673,293 – $6,101,600 | Includes build-out, inventory, working capital |
The investment range of $673K–$6.1M 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)) 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) | $2,000,000 | $5,000,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | Full amount of current initial franchise fee for Control Transfer; $5,000 per new Owner for non-Control Transfer |
| Renewal Fee | Fifty percent (50%) of the Initial Franchise Fee (i.e. $50,000) |
| Audit Fee | $3,000 once a year (plus additional costs if certain conditions met) |
| $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 |
| Phone hardware | $190 - $330 per device (as incurred) |
| IT infrastructure | $18,000 - $35,000 onetime purchase and set up (as incurred) |
| Laptop | $900 - $1,400 per device (as incurred) |
| Smartboard | $2,800 - $4,800 per device (as incurred) |
| Door Access – Face recognition device | $1,200 - $2,000 per device (as incurred) |
| Printer | $60 - $135 per month |
| Local Advertising Fee | 2% of Gross Sales for the preceding month or $4,000, whichever is greater (payable as incurred) |
| 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 (as incurred) |
| Proprietary Products | Full purchase price plus licensing fee (of 20% of our costs) and the actual cost of shipping, handling and storage costs (as incurred) |
| 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 |
| Indemnification | Amount of losses, damages and/or expenses (as incurred) |
| Renovation/Upgrading | As specified (required after 3 years and thereafter every 2 years) |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 158 hours (initial) + 30 hours (additional events) |
| 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 (March & September, 8 hours each), School-based Teachers Development and Training Day (8 hours). These events are offered at least 4 times per year and are held online. Every educator must attend. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive marketing area (Designated Area) |
| Exclusive Territory | No |
| Territory Size | No minimum size; determined by factors like population demographics, growth forecast, number of households, existing schools, marital status, age of children, workplace population, family data, household ownership, topographical features, business entities, trading patterns, and traffic flows. |
| Description | Franchisees must operate the School in the assigned Designated Area. The franchisor or its affiliates may operate or license other schools within the Designated Area. Franchisees have a 6-month right of first refusal to operate an additional School within the Designated Area from the effective date of the Franchise Agreement. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years from the Operation Commencement Date |
| Renewal Term | 10 years |
| Renewal Fee | Fifty percent (50%) of the Initial Franchise Fee (i.e. $50,000) |
| Renewal Conditions | Franchisee must give written notice 18 months prior to expiry, enter a new franchise agreement 9 months prior, have duly observed all obligations, paid all outstanding monies, comply with current system standards and fees, undertake reasonable upgrades, and pay the renewal fee. |
| Transfer Fee | Full amount of current initial franchise fee for Control Transfer; $5,000 per new Owner for non-Control Transfer |
| Transfer Conditions | Transfer is permitted after one year from Operation Commencement Date, subject to franchisor's prior written approval. Conditions include notifying the franchisor with full details, franchisor's right of first refusal, meeting with potential assignee, assignee paying current initial franchise fee, and assignee undergoing training. |
| Termination for Cause | Franchisor may terminate for curable defaults (e.g., breach of agreement, default in payment) if not remedied within 14 days of notice, or immediately for non-curable defaults (e.g., repeated breaches, false information, cessation of business, unauthorized change in management/ownership, criminal conduct, insolvency, Key Person incapacity, operating in a way that endangers health/safety, loss of permits, abandonment). |
| Non-Compete Period | During the term of the franchise and for a period of 2 years after termination or expiration (or shorter periods if unenforceable). |
| Non-Compete Details | During the term and for 2 years after termination/expiration, the franchisee and Owners may not directly or indirectly engage in any competing business venture (including education, performing arts, music, early intervention, enrichment services) in Singapore, Malaysia, Indonesia, Philippines, China, Myanmar, Vietnam, Australia, UAE, USA, and any other country where the franchisor operates, or in the USA, or in the same state, or within a 15km radius, or within a 5km radius (depending on enforceability). |
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 supervised by a qualified and trained On-Site School Director/Principal. Any change or replacement of the Key Person requires franchisor approval and training. Owners are personally named as guarantors for the franchisee’s obligations. |
| Required Suppliers | Franchisor or approved suppliers for Proprietary Products, IT services, hardware, and enrollment and other software programs. |
| Supply Restrictions | Franchisees must purchase Proprietary Products only from the franchisor or approved suppliers. All IT services, hardware, and software programs must be procured from the franchisor, its affiliates, or approved third-party suppliers, adhering to franchisor specifications. The franchisor can unilaterally change specifications and standards for products, services, or suppliers. |
| Franchisor Revenue from Suppliers | None for the year ending December 31, 2023, from required purchases or leases by franchisees or affiliates. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | Neither the franchisor nor any of its affiliates offer, directly or indirectly, any financing arrangements to franchisees. They do not guarantee franchisee notes, leases, or other obligations. |
MCIPF - South Dakota Franchise Earnings — Item 19
MCIPF - South Dakota 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.
MCIPF - South Dakota 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.
MCIPF - South Dakota Litigation & Risk Flags
Clean Litigation RecordMCIPF - South Dakota 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.
MCIPF - South Dakota System Growth
Total Units
0
Franchised
0
Company-Owned
0
MCIPF - South Dakota 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: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
0
Net Income
$-659,475
Total Assets
$6.9M
Audited by Citrin Cooperman & Company, LLP for year ending December 31st.
MCIPF - South Dakota Franchise — FAQ
The total investment to open a MCIPF - South Dakota franchise ranges from $673,293 to $6,101,600, 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.
MCIPF - South Dakota charges a royalty fee of 7% of Gross Sales of gross sales, plus a Currently 2% of Gross Sales (Brand Fund Contribution) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the MCIPF - South Dakota 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 MCIPF - South Dakota to ensure you have the most up-to-date version.
MCIPF - South Dakota 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.
MCIPF - South Dakota has been franchising since 2022. The FDD shows an investment range of $673,293-$6,101,600, 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 $6,101,600 depending on location size and market. A minimum of $100,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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