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Franchise FAQ

Two men building a Lightbridge Academy

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. Our extensive training program will provide all the information you need to operate your center. 


How profitable are the centers?

Detailed financial performance can be found in Item 19 of the Franchise Disclosure Document (FDD). 

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$1,000 - 2,000
Lease Deposit$44,333 - 87,500
Leasehold ImprovementsVaries
Lease Guaranty Set-up Fee$0 - 20,000
Lease Guaranty Payment$0 - 2,900
Equipment, Fixtures & Furniture$241,000 - 288,500
Permits & Licenses$400-1,000
Signs$18,000 - 24,000
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$581,233 - 784,150


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$1,000-2,000
Real Estate Aquisition, Construction Costs and Loan Fees$1,850,000-4,000,000
Equipment, Fixtures & Furniture$241,000 - 288,500
Permits & Licenses$400-1,000
Signs$18,000-24,000
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$2,571,900 - 5,048,750

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

Addition investments are available for leased and purchased Multi-Units. Please contact the Franchise Development for more information.

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 brand level advertising, marketing and development programs for the Lightbridge Academy business.

Do I need to find my own site?

We will provide the information and resources you need to help you identify the best site for your new center.  Location is critical to the success of any center, so our experts will support you, provide detailed research to supplement your local research and to assist 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 177 hours of training through in-classroom teaching, webinars and hands-on instruction in an operating child care center. Our training program exceeds the industry standard, underscoring our Circle of Care commitment to franchisees. You will be provided with the instruction necessary to understand our culture, programs, procedures and curriculum. This takes place once you identify your site,  throughout the construction process and stretches all the way to opening day. 

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.