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Below is an in-depth analysis and side-by-side comparison of Lightbridge Academy vs Ivy Kids Systems including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $549,228 - $5,054,735 | N/A |
Franchise Fee | $40,000 | N/A |
Royalty Fee | 7% | - |
Advertising Fee | 2% | - |
Year Founded | 1997 | 2002 |
Year Franchised | 2011 | 2016 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/Yes | -/- |
Payroll | -/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: 28 hours Classroom Training: 128 hours Additional Training: Ongoing | - Corporate based in classroom training and pre-opening location based training - Specific instruction for owner, center director and education director - Assistance in licensing, opening, staff development and retention - Dedicated training of all new teachers and refresher training for long term staff - Guidance for implementing effective grand opening, open house events and community-orientated activities |
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 | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 32 | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |