What
Is The Change Of Mind Franchise Fee For?
What does a Change of Mind franchise cost?
The franchise fee for the first Change of Mind
Learning Systems center is $25,000. The second center will cost
$20,000. The third center will cost $15,000.
As an owner, how much money will I make?
Change of Mind is regulated as to making earning
claims. Our UFOC provides information to assist you in evaluating
financial aspects of the business to better understand the opportunity.
However, we can provide the information in written form in the
Uniform Franchise Offering Circular (UFOC).
What size is a typical center?
Centers are located in malls, office buildings
or store fronts, and are designed to keep overhead low by using
space efficiently. A center is typically 1200 to 1800 square feet.
What are the "people" requirements?
We recommend two full-time employees: an educator
and a business/sales person. According to the owner's personal
strengths, they will typically fill one of these positions.
What is the training format?
Change of Mind provides a comprehensive, ongoing
training program. It begins with a 11-day start-up comprehensive
program, followed by regional sessions, on site visits, telephone
support, etc. Training in all aspects of the business continues
throughout the year.
Must I personally manage the Centers?
Yes. We require that business owners be involved
full-time.
What ongoing support do I receive?
Beginning with your grand opening, a Change
of Mind representative will facilitate the operation of a franchisee's
new business. The confidential Operations Manual provides direction
on policies and procedures. Change of Mind provides proprietary
software, research and development and support sales/marketing
programs.
What sales and marketing support will I receive?
Change of Mind provides comprehensive sales
training plus professionally produced advertising materials for
all media - including radio advertising, yellow pages and newspaper
ads, public relations, brochures, direct mail
and school visit materials.
Will I have an exclusive territory?
Individual franchises receive an exclusive,
assigned geographical area that excludes other Centers. Once a
franchise is approved, the owner will receive a packet that includes
area maps, demographics, database lists, etc.
Is the franchise a "sure thing"?
No business investment is ever a sure thing.
We offer an opportunity to become a successful entrepreneur; the
owner's skills and effort will determine ultimate success.
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