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Below is an in-depth analysis and side-by-side comparison of 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 | $549,228 - $5,054,735 | |
Franchise Fee | $40,000 | |
Royalty Fee | 7% | |
Advertising Fee | 2% | |
Year Founded | 1997 | |
Year Franchised | 2011 | |
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 | ||
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 | |
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 |
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Expansion Plans |
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US Expansion | - | |
Canada Expansion | - | |
International Expansion | - |