Legacy Academy for Children
At a Glance
Products & Services: Child-care & education center
Number of Locations: 23
Total Investment: $2.7M - 3.6M
Founded: 1997
Began Franchising: 1998
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2008 | 22 | 0 | 0 | 1 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Startup Costs, Ongoing Fees and Financing
Total Investment: $2,700,000 - $3,600,000
Franchise Fee: $75,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 25 years, renewable
Franchise Fee: $75,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 25 years, renewable
Financial Requirements
Liquid Cash Available: $285,000
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).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
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,