The cost of a MindLab franchise, which gives you exclusive rights to run MindLab programmes in a specified geographic territory, is £9,750.

A contract extension fee of £5,000 is due in five years.

MindLab will receive on ongoing royalty of 12% of student revenues, or the minimum performance targets, which ever is greater, as per the following schedule:

1st year  - £100 per month   (commencing 3 months after signing for the next 9 months) 

2nd year  - £150 per month

3rd year - £200 per month

4th year and hereafter - £250 per month   

Franchisees will need to purchase or lease a Renault Kangoo van, which will cost approximately £200 per month to lease or approximately £2,000-6,000 to buy (including VAT). MindLab will provide the brand logo and livery for the van.