Experience is helpful, but not necessary. You are allowed to hire a director with educational experience who will operate the business along with you. It is more important that you have a strong business acumen or prior experience managing or running a business. Lightbridge Academy will provide the instruction necessary to understand our culture, programs, procedures and curriculum through our 94-hour training process and our ongoing business coaching.
|TYPE OF EXPENDITURE||ESTIMATED LOW||ESTIMATED HIGH|
|Center Development Fee||$30,000||$30,000|
|Initial Training & Opening Assistance Fee||$12,500||$25,000|
|Lease Guaranty Set-up Fee||$0||$20,000|
|Lease Guaranty Pay||$0||$2,550|
|Equipment, Fixtures & Furnishings||$195,000||$222,000|
|Permits & Licenses||$400||$1,500|
|Prepaid Insurance Premium/Utility Deposits||$4,000||$6,000|
|Pre-Launch/Grand Opening Advertising||$24,000||$24,000|
|Initial Promotional Materials||$2,500||$2,500|
|Training Program Fee||$1,000||$5,000|
|Additional Funds - 3 Months||$130,000||$175,000|
The size of your facility, whether it is a fit-up or a built-to-suit, as well as other variables, affect this estimate.
Many alternatives are available to franchisees from taking out a conventional loan to leveraging your retirement savings. We work with potential franchise owners to obtain the right financing for their investment. We can connect you with trusted lenders who know the franchise business and are comfortable with Lightbridge Academy's business model.
First six months: 4 percent of gross revenues
After month seven: 7 percent of gross revenues
There is also a 2 percent contribution to the Lightbridge Academy Brand Fund, which goes toward marketing and advertising the Lightbridge Academy business.
No. The right location is critical to the success of any center, so our experts will advise you and work with you on key markets under development and assist you throughout the entire site selection process.
The process typically takes from 18 to 36 months. You'll be involved every step of the way and we'll help you make good use of your time by learning the business, completing your training and beginning your local area marketing.
Lightbridge Academy provides 94 hours of training through in-classroom teaching, webinars and hands-on instruction in an operating child care center. This takes place throughout the building process and stretches all the way to opening day. Our training program exceeds the industry standard, underscoring our Circle of Care commitment to franchisees.
Lightbridge Academy offers a unique Circle of Care, in which the needs of parents are as important as the care and education of their children. Lightbridge Academy serves children from six weeks of age through Kindergarten.