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Below is an in-depth analysis and side-by-side comparison of Language Leaders vs Lightbridge Academy including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $18,700 - $107,000 | $549,228 - $5,054,735 |
Franchise Fee | $10,000 - $90,000 | $40,000 |
Royalty Fee | 15% | 7% |
Advertising Fee | - | 2% |
Year Founded | 1998 | 1997 |
Year Franchised | 2004 | 2011 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | to $20K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
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Training | - | On-The-Job Training: 28 hours Classroom Training: 128 hours Additional Training: Ongoing |
Support | Toll-free phone line, Internet | 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 slicks | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
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) | Absentee Ownership Allowed Number of Employees Required to Run: 32 |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Language Leaders is an educational organization that has been providing language instruction, translating and interpreting services throughout Illinois since 1997 under the trade name of Foreign Language Network. We offer programs and services in Spanish, French, German, and English. If you have an entrepreneurial spirit and a love of kids and learning, as a Language Leader Franchise owner, you will be associated with the premier foreign language education company in U.S. And being a unique and exclusive concept, Language Leaders deals with an untapped market here in United States.