Lafayette Academy

At a Glance

Products & Services: Supplemental education

Number of Locations: 3

Total Investment: $91.3K - $208.8K

Founded: 1991

Began Franchising: 2014

Franchise Units

Year U.S. Canadian International Company Owned
2014 0 0 0 3
2013 N/A N/A N/A 3
2012 N/A N/A N/A 3
2011 N/A N/A N/A 3
2010 N/A N/A N/A 3
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $91,300 - $208,750
Franchise Fee: $35,000
Ongoing Royalty Fee: 8%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $200,000
Liquid Cash Available: $50,000
Operations
Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 38 hours. At franchisee's location: 22-40 hours.
Ongoing Support: Toll-free phone line, Grand opening, Internet
Marketing Support: Ad slicks, National media, Regional advertising,