Start-Up Costs and Fees |
||
| Legacy Academy for Children | Lightbridge Academy | |
| Investment | 2100000 - 2500000 | 549228 - 5054735 |
| Franchise Fee | ||
| Royalty Fee | 5% | 7% |
| Advertising Fee | 2% | |
| Year Founded | 1997 | 1997 |
| Year Franchised | 1998 | 2011 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Legacy Academy for Children | Lightbridge Academy | |
| Experience | General business experience | |
Financing Options |
||
| Legacy Academy for Children | Lightbridge Academy | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Legacy Academy for Children | Lightbridge Academy | |
| Training | On-The-Job Training: 28 hours Classroom Training: 128 hours Additional Training: Ongoing | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 32 |
Expansion Plans |
||
| Legacy Academy for Children | Lightbridge Academy | |
| US Expansion | South, | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Legacy Academy for Children | |
| Lightbridge Academy | |
| Franchise Fee | |
| Legacy Academy for Children | |
| Lightbridge Academy | |
| Royalty Fee | |
| Legacy Academy for Children | 5% |
| Lightbridge Academy | 7% |
| Advertising Fee | |
| Legacy Academy for Children | |
| Lightbridge Academy | 2% |
| Year Founded | |
| Legacy Academy for Children | 1997 |
| Lightbridge Academy | 1997 |
| Year Franchised | |
| Legacy Academy for Children | 1998 |
| Lightbridge Academy | 2011 |
| Term Of Agreement | |
| Legacy Academy for Children | 24 years |
| Lightbridge Academy | |
| Renewal Fee | |
| Legacy Academy for Children | |
| Lightbridge Academy | |
Business Experience Requirements |
|
| Experience | |
| Legacy Academy for Children | General business experience |
| Lightbridge Academy | |
Financing Options |
|
| Franchise Fees | |
| Legacy Academy for Children | No |
| Lightbridge Academy | No |
| Start-up Costs | |
| Legacy Academy for Children | |
| Lightbridge Academy | |
| Equipment | |
| Legacy Academy for Children} | |
| Lightbridge Academy | |
| Inventory | |
| Legacy Academy for Children | |
| Lightbridge Academy | |
| Receivables | |
| Legacy Academy for Children | |
| Lightbridge Academy | |
| Payroll | |
| Legacy Academy for Children | |
| Lightbridge Academy | |
Training & Support |
|
| Training | |
| Legacy Academy for Children | |
| Lightbridge Academy | On-The-Job Training: 28 hours Classroom Training: 128 hours Additional Training: Ongoing |
| Support | |
| Legacy Academy for Children | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Lightbridge Academy | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Legacy Academy for Children | Co-op advertising, Ad slicks, Regional advertising |
| Lightbridge Academy | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Legacy Academy for Children | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Lightbridge Academy | Absentee Ownership Allowed Number of Employees Required to Run: 32 |
Expansion Plans |
|
| US Expansion | |
| Legacy Academy for Children | South, |
| Lightbridge Academy | |
| Canada Expansion | |
| Legacy Academy for Children | 0 |
| Lightbridge Academy | |
| International Expansion | |
| Legacy Academy for Children | |
| Lightbridge Academy | |