About MindChamps - Virginia Franchise
MindChamps is an internationally recognized preschool franchise that applies neuroscience research to early childhood education.
Originally founded in Singapore, the brand began franchising in the United States in 2022 and is operated by MindChamps International PreSchool Inc.
The curriculum is designed to cultivate a champion mindset in children through programs that build intellectual curiosity, emotional resilience, and creative confidence.
MindChamps - Virginia 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 | Currently 2% of Gross Sales (Brand Fund Contribution, can increase to 3%) and 2% of Gross Sales or $4,000 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 (Currently 2% of Gross Sales (Brand Fund Contribution, can increase to 3%) and 2% of Gross Sales or $4,000 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) or $5,000 (for each new Owner in non-Control Transfer) |
| Renewal Fee | $50,000 (50% of Initial Franchise Fee) |
| Audit Fee | $3,000 annually (compliance audit), $3,000 annually (verifying accounts), plus additional costs if certain conditions met |
| 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 |
| 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 |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 158 hours (initial), 30 hours (additional) |
| Classroom Training | 158 |
| On-the-Job Training | 0 |
| 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 online. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | No minimum size |
| Description | Franchisee must operate in an assigned Designated Area. Factors for defining include population demographics, number of schools, marital status, age of children, workplace population, family data, household ownership, topographical features, roads, undeveloped land, business entities, trading patterns, traffic flows. Franchisor and affiliates have the right to operate other businesses in the Designated Area. Franchisee has a 6-month right of first refusal to operate an additional School within the Designated Area. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | 10 years |
| Renewal Fee | $50,000 (50% of Initial Franchise Fee) |
| Renewal Conditions | Must give 18 months notice, enter new agreement 9 months prior, duly observed all obligations, paid all monies, comply with current system/fees, undertake reasonable upgrades, paid renewal fee. |
| Transfer Fee | Full amount of then current initial franchise fee (Control Transfer) or $5,000 (for each new Owner in non-Control Transfer) |
| Transfer Conditions | Can only assign after 1 year from Operation Commencement Date. Must notify franchisor, franchisor has right of first refusal, assignee must meet franchisor's suitability, assignee pays new initial franchise fee, assignee undergoes training. |
| Termination for Cause | Curable defaults (breach of terms, default of payment - 14 days to cure). Non-curable defaults (repeated breaches, false/misleading info, cessation of business, unauthorized change in management/ownership/control, criminal charges/fraudulent conduct, insolvency, writ of distress, Key Person death/incapacity for 2 months, preferential commission structure, breach of specific sections, denial of franchisor access, endangering health/safety, loss of permits, abandonment, failure to agree on substitute site). |
| Non-Compete Period | During the term of the franchise, and for 2 years after termination/expiration |
| Non-Compete Details | During term: cannot engage in competing business venture with franchisor's business or other brand names (education, performing arts, music, early intervention, enrichment services) in countries where franchisor/affiliates operate, or in the US, or in the same state, or within 15km radius, or within 5km radius (depending on enforceability). After term: cannot solicit customers of franchisor/franchisee/affiliates or disparage the system. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | At least one Owner or one Key Person must devote their full time, energy and effort to the management and supervision of the School. The School must be 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 and routinely be on-premises. |
| Required Suppliers | Franchisor or approved suppliers for Proprietary Products, IT services, hardware, enrollment and other software programs. |
| Supply Restrictions | Franchisee must purchase Proprietary Products only from franchisor or approved suppliers. Must procure IT services, hardware, enrollment and other software programs from franchisor, affiliates, or approved suppliers. Franchisor can unilaterally change specifications and standards for products/services/suppliers. |
| Franchisor Revenue from Suppliers | None |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | None |
MindChamps - Virginia Franchise Earnings — Item 19
MindChamps - Virginia 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 - Virginia 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 - Virginia Litigation & Risk Flags
Clean Litigation RecordMindChamps - Virginia 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 - Virginia System Growth
Total Units
0
Franchised
0
Company-Owned
0
MindChamps - Virginia 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.
MindChamps - Virginia Franchise — FAQ
The total investment to open a MindChamps - Virginia 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 - Virginia charges a royalty fee of 7% of Gross Sales of gross sales, plus a Currently 2% of Gross Sales (Brand Fund Contribution, can increase to 3%) and 2% of Gross Sales or $4,000 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 - Virginia 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 - Virginia to ensure you have the most up-to-date version.
MindChamps - Virginia 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 - Virginia has been franchising since 2022. The FDD shows an investment range of $673,293-$1,074,293, a 7% of Gross Sales royalty, and includes an 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 - Virginia 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 - Virginia or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com