Start-Up Costs and Fees |
||
| Lightbridge Academy | Language Leaders | |
| Investment | 549228 - 5054735 | 18700 - 107000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | 15% |
| Advertising Fee | 2% | |
| Year Founded | 1997 | 1998 |
| Year Franchised | 2011 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Lightbridge Academy | Language Leaders | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Lightbridge Academy | Language Leaders | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Lightbridge Academy | Language Leaders | |
| Training | On-The-Job Training: 28 hours Classroom Training: 128 hours Additional Training: Ongoing | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Toll-free phone line, Internet |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 32 | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Lightbridge Academy | Language Leaders | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, Colorado, Delaware, Iowa, Idaho, Kansas, Louisiana, Massachusetts, Michigan, Missouri, Mississippi, Montana, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Vermont, West Virginia, Wyoming, | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Lightbridge Academy | |
| Language Leaders | |
| Franchise Fee | |
| Lightbridge Academy | |
| Language Leaders | |
| Royalty Fee | |
| Lightbridge Academy | 7% |
| Language Leaders | 15% |
| Advertising Fee | |
| Lightbridge Academy | 2% |
| Language Leaders | |
| Year Founded | |
| Lightbridge Academy | 1997 |
| Language Leaders | 1998 |
| Year Franchised | |
| Lightbridge Academy | 2011 |
| Language Leaders | 2004 |
| Term Of Agreement | |
| Lightbridge Academy | |
| Language Leaders | 10 years |
| Renewal Fee | |
| Lightbridge Academy | |
| Language Leaders | to $20K |
Business Experience Requirements |
|
| Experience | |
| Lightbridge Academy | |
| Language Leaders | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Lightbridge Academy | |
| Language Leaders | |
| Start-up Costs | |
| Lightbridge Academy | |
| Language Leaders | |
| Equipment | |
| Lightbridge Academy} | |
| Language Leaders | |
| Inventory | |
| Lightbridge Academy | |
| Language Leaders | |
| Receivables | |
| Lightbridge Academy | |
| Language Leaders | |
| Payroll | |
| Lightbridge Academy | |
| Language Leaders | |
Training & Support |
|
| Training | |
| Lightbridge Academy | On-The-Job Training: 28 hours Classroom Training: 128 hours Additional Training: Ongoing |
| Language Leaders | |
| Support | |
| Lightbridge Academy | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Language Leaders | Toll-free phone line, Internet |
| Marketing | |
| Lightbridge Academy | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Language Leaders | Co-op advertising, Ad slicks |
| Operations | |
| Lightbridge Academy | Absentee Ownership Allowed Number of Employees Required to Run: 32 |
| Language Leaders | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Lightbridge Academy | |
| Language Leaders | Alaska, Alabama, Arkansas, Arizona, Colorado, Delaware, Iowa, Idaho, Kansas, Louisiana, Massachusetts, Michigan, Missouri, Mississippi, Montana, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Vermont, West Virginia, Wyoming, |
| Canada Expansion | |
| Lightbridge Academy | |
| Language Leaders | |
| International Expansion | |
| Lightbridge Academy | |
| Language Leaders | |