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Legacy Academy for Children

Child-care & education center

Background

Founded: 1997 Franchising since: 1998
4536A Nelson Brogdon Blvd.
Sugar Hill, Georgia 30518
Phone:
(770)932-0091


Franchisor has 6 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 23 0 0 0
2007 21 0 0 0
2006 19 0 0 0
2005 15 0 0 0

Where Seeking Franchisees
In the U.S. United states

Exclusive territories available.
Territory size: 3-mile radius

Costs and Fees

Total investment: $2.7M-3.6M
Franchise fee: $75K
Ongoing royalty fee: 5%
Term of agreement: 25 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: Varies
Cash liquidity requirement: $285K
Business Experience:
  • General business experience
  • Education experience

Operations
  • 25% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 30
  • Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 5 days
  • At franchisee's location: 2 weeks
  • Monthly visits for first six months

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

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