Start-Up Costs and Fees |
||
| Discovery Point | Legacy Academy for Children | |
| Investment | 405572 - 3443722 | 2100000 - 2500000 |
| Franchise Fee | ||
| Royalty Fee | 4.7K-$6.5K/mo. | 5% |
| Advertising Fee | 1.8K/mo. | |
| Year Founded | 1988 | 1997 |
| Year Franchised | 1990 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Discovery Point | Legacy Academy for Children | |
| Experience | General business experience | |
Financing Options |
||
| Discovery Point | Legacy Academy for Children | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Discovery Point | Legacy Academy for Children | |
| Training | On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing center | |
| Support | Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Field Operations Site Selection | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Number of Employees Required to Run: 35 | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Discovery Point | Legacy Academy for Children | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | South, |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Discovery Point | |
| Legacy Academy for Children | |
| Franchise Fee | |
| Discovery Point | |
| Legacy Academy for Children | |
| Royalty Fee | |
| Discovery Point | 4.7K-$6.5K/mo. |
| Legacy Academy for Children | 5% |
| Advertising Fee | |
| Discovery Point | 1.8K/mo. |
| Legacy Academy for Children | |
| Year Founded | |
| Discovery Point | 1988 |
| Legacy Academy for Children | 1997 |
| Year Franchised | |
| Discovery Point | 1990 |
| Legacy Academy for Children | 1998 |
| Term Of Agreement | |
| Discovery Point | 20 years |
| Legacy Academy for Children | 24 years |
| Renewal Fee | |
| Discovery Point | |
| Legacy Academy for Children | |
Business Experience Requirements |
|
| Experience | |
| Discovery Point | |
| Legacy Academy for Children | General business experience |
Financing Options |
|
| Franchise Fees | |
| Discovery Point | |
| Legacy Academy for Children | |
| Start-up Costs | |
| Discovery Point | |
| Legacy Academy for Children | |
| Equipment | |
| Discovery Point} | |
| Legacy Academy for Children | |
| Inventory | |
| Discovery Point | |
| Legacy Academy for Children | |
| Receivables | |
| Discovery Point | |
| Legacy Academy for Children | |
| Payroll | |
| Discovery Point | |
| Legacy Academy for Children | |
Training & Support |
|
| Training | |
| Discovery Point | On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing center |
| Legacy Academy for Children | |
| Support | |
| Discovery Point | Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Field Operations Site Selection |
| Legacy Academy for Children | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Discovery Point | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Legacy Academy for Children | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Discovery Point | Number of Employees Required to Run: 35 |
| Legacy Academy for Children | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Discovery Point | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Legacy Academy for Children | South, |
| Canada Expansion | |
| Discovery Point | |
| Legacy Academy for Children | 0 |
| International Expansion | |
| Discovery Point | |
| Legacy Academy for Children | |