General

Industry

Education Programs

Category

Tutoring

SBA Identifier

Year of Founding

2004

Fees

Marketing Fee

$40,000 for the first year

Royalty Fee

50%

Franchise Fee

$40,000-$200,000

Investment Range

$139K-$423K

Location units

Total U.S. Locations

0

U.S. Franchised Units

0

U.S. Corporate Units

0

Headquarters (City)

Indore

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2004

Issuance of FDD Data

09/19/2019

What to know about Master Mind Tutorials Centre franchise?

The franchisee will operate a franchised Master Mind Education Centre for imparting supplementary education through all or any of the following programs using Master Mind Tutorials PVt. Ltd.'s Trademark, System and Know-how under a franchise; agreement:

Master Mind Tutorials Centre is based in Indore, N/A. Scroll down to learn more!

How much does a Master Mind Tutorials Centre franchise cost?

Are you wondering how much is a Master Mind Tutorials Centre franchise? Before starting a Master Mind Tutorials Centre franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Master Mind Tutorials Centre franchise is $139,300 and can go all the way up to $422,500. Keep in mind, you should also allocate additional funds to live off of while the Master Mind Tutorials Centre business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Master Mind Tutorials Centre franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Master Mind Tutorials Centre business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Master Mind Tutorials Centre franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Additional Details

How much does a Master Mind Tutorials Centre franchise owner make?

Master Mind Tutorials Centre franchise earnings and revenue can vary significantly from one franchisee to another.
The Master Mind Tutorials Centre franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Master Mind Tutorials Centre unfortunately does not disclose financials on how much Master Mind Tutorials Centre franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Master Mind Tutorials Centre does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Master Mind Tutorials Centre franchisees. Do note that Master Mind Tutorials Centre is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Master Mind Tutorials Centre franchisees to understand how much money they are making from their Master Mind Tutorials Centre business.

You should also speak to former Master Mind Tutorials Centre franchisees to understand why they left the system. Did they sell their Master Mind Tutorials Centre at a profit? Were they forced to close their Master Mind Tutorials Centre franchise down because it kept losing money?

What is the Master Mind Tutorials Centre franchise fee?

Owning a Master Mind Tutorials Centre franchise requires 50% royalty fee and $40,000 for the first year marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Master Mind Tutorials Centre Franchise Disclosure Document

Keep in mind, there is also an initial Master Mind Tutorials Centre franchise fee of $40,000 that is included in the initial investment amount of $139,300 to $422,500. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Master Mind Tutorials Centre franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Master Mind Tutorials Centre franchise fee of $40,000.

Visit the Master Mind Tutorials Centre metrics tab to explore the financials for this business, royalty and marketing fees compare to other Education Programs franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Master Mind Tutorials Centre founded?

Master Mind Tutorials Centre started offering franchises in 2004. Master Mind Tutorials Centre was founded 18 years ago in 2004.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Master Mind Tutorials Centre locations are in the U.S.?

As of 2019, there were 0 locations across the U.S. There are also 0 corporate locations. Most Education Programs franchises like Master Mind Tutorials Centre have more franchised locations than corporate locations.

How many Master Mind Tutorials Centre franchises opened over the past few years?

Over the prior 3 years we have data for, Master Mind Tutorials Centre has opened 0 outlets throughout the U.S. Visit the Master Mind Tutorials Centre metrics tab to explore how the openings compare to other Education Programs franchises.

How many Master Mind Tutorials Centre franchises closed over the past few years?

Over the prior 3 years we have data for, Master Mind Tutorials Centre has closed 0 outlets throughout the U.S

Visit the Master Mind Tutorials Centre metrics tab to explore how the openings compare to other Education Programs franchises.

Is Master Mind Tutorials Centre growing? Are they opening more locations than they are closing?

The net unit growth rate for Master Mind Tutorials Centre over the past 3 years is 0%. Over the last year we have data for, Master Mind Tutorials Centre had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Master Mind Tutorials Centre growth rate compares to 2,000+ other franchises and Industry franchises like Master Mind Tutorials Centre. More info in the Master Mind Tutorials Centre metrics tab.

Is Master Mind Tutorials Centre franchise eligible for an SBA Loan?

Master Mind Tutorials Centre is not eligible for SBA loans including the 7(a) loan last time we checked.

Master Mind Tutorials Centre franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Master Mind Tutorials Centre that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Master Mind Tutorials Centre a franchise in the United States?

According to the SBA, Master Mind Tutorials Centre does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Master Mind Tutorials Centre provides you with an FDD if you are in discussion to buy a Master Mind Tutorials Centre

What is the Master Mind Tutorials Centre Franchise for Sale Rate?

The Master Mind Tutorials Centre systemwide health and franchisee satisfaction can be measured by the Master Mind Tutorials Centrefranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Master Mind Tutorials Centre franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Master Mind Tutorials Centre had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Master Mind Tutorials Centre franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Master Mind Tutorials Centre. More info in the Master Mind Tutorials Centre metrics tab.

What is the Master Mind Tutorials Centre Franchise Failure Rate?

Master Mind Tutorials Centre franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Master Mind Tutorials Centre failure rate over the past 3 years is 0%. Over the last year we have data for, Master Mind Tutorials Centre had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Master Mind Tutorials Centre franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Master Mind Tutorials Centre. More info in the Master Mind Tutorials Centre metrics tab.

How can I find out more details on Master Mind Tutorials Centre franchise?

Visit the Master Mind Tutorials Centre metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Master Mind Tutorials Centre

$280,900

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Master Mind Tutorials Centre

50%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Master Mind Tutorials Centre

$120,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Education Programs

Category

Tutoring

SBA Identifier

Year of Founding

2004

Fees

Marketing Fee

$40,000 for the first year

Royalty Fee

50%

Franchise Fee

$40,000-$200,000

Investment Range

$139K-$423K

Location units

Total U.S. Locations

0

U.S. Franchised Units

0

U.S. Corporate Units

0

Headquarters (City)

Indore

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2004

Issuance of FDD Data

09/19/2019

Detailed Franchise metrics for Master Mind Tutorials Centre

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Master Mind Tutorials Centre below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Master Mind Tutorials Centre

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Master Mind Tutorials Centre

NA

0%

Industry median

All franchises median

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Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Master Mind Tutorials Centre

NA

0%

Industry median

All franchises median

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Business details

Company Name

mmtpl.com

Business email

**********@******.com

Mailing address

51 Sampat Hills, Bicholi Mardana, Bypass road

State headquarters

India

Owner Name

Master Mind Tutorials Centre

Phone

+1 (000) 0********00

City

Indore

Zip code

452016
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