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Franchise FAQ

FAQ

Do I need experience in education or child care?

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.


How profitable are the centers?

Detailed financial performance can be found in Item 19 of the Franchise Disclosure Document (FDD). Please contact the Franchise Development for more information.

Estimated Initial Investment for a Leased Center

TYPE OF EXPENDITUREAMOUNT
Initial Franchise Fee$40,000
Initial Training$20,000-40,000
Center Development Fee$40,000
Background Checks and Asset Verification$1,350-2,700
Lease Deposit$30,000-65,000
Leasehold ImprovementsVaries
Lease Guaranty Set-up Fee$0-20,000
Lease Guaranty Payment$0-2,900
Equipment, Fixtures & Furniture$222,978-263,285
Permits & Licenses$400-1,500
Signs$10,000-20,000
Prepaid Insurance Premium$4,000-6,750
Pre-Launch Advertising$24,000
Initial Promotional Materials$2,500
Training$1,000-5,000
Professional Fees$15,000-25,000
Additional Funds - 3 Months$130,000-175,000
Total$541,228-733,635



Estimated Initial Investment for a Purchased Center

TYPE OF EXPENDITUREAMOUNT
Initial Franchise Fee$40,000
Initial Training$20,000-40,000
Center Development Fee$40,000
Background Checks and Asset Verification$1,350-2,700
Real Estate Aquisition, Construction Costs and Loan Fees$1,850,000-4,000,000
Equipment, Fixtures & Furniture$222,978-263,285
Permits & Licenses$400-1,500
Signs$10,000-20,000
Prepaid Insurance Premium$4,000-6,750
Pre-Launch Advertising$24,000
Initial Promotional Materials$2,500
Training$1,000-5,000
Professional Fees$200,000-400,000
Additional Funds - 3 Months$130,000-175,000
Total$2,546,228-5,020,735

The size of your facility, whether it is a fit-up or a built-to-suit, as well as other variables, affect this estimate.

What financing options are available?

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.

What are your royalties?

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.

Do I need to find my own site?

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.

How long does it take to open a center?

The process typically takes from 24 to 30 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.

What kind of training will I receive before my center opens?

Lightbridge Academy provides 138 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.

Find out NOW if you prequalify for financing for a Lightbridge Academy franchise.

LEARN MORE

CALL (732) 980-1900 x199 for more information!

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.