Lightbridge Academy Franchise Co.

At a Glance

Products & Services: Child care/early learning

Number of Locations: 16

Total Investment: $464.4K - $699.8K

Founded: 1997

Began Franchising: 2011

About Lightbridge Academy Franchise Co.

Rainbow Academy franchises offers programs for children from six weeks to six years old, including after-school enrichment and summer programs. Each school is a licensed childcare, with staff trained in early childhood education or childhood development.

Franchise Units

Year U.S. Canadian International Company Owned
2014 5 0 0 11
2013 1 0 0 11
2012 8 0 0 1
2011 7 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Connecticut, Northeast, New Jersey, New York, Pennsylvania, Virginia.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $464,400 - $699,774
Franchise Fee: $50,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 15 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $750,000
Liquid Cash Available: $200,000
Operations
12.5% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 35. Absentee ownership of franchise is allowed. (19% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 70 hours. At franchisee's location: 20 hours. Webinars & conference calls : 4 hours.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,