Hooray for Books vs Lightbridge Academy Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Hooray for Books vs Lightbridge Academy including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Hooray for Books Franchise
Lightbridge Academy Franchise
Investment $35,000 - $100,000$549,228 - $5,054,735
Franchise Fee N/A$40,000
Royalty Fee -7%
Advertising Fee -2%
Year Founded -1997
Year Franchised -2011
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
Hooray for Books Franchise
Lightbridge Academy Franchise
Experience A teaching degree is not required, although it is welcomed. Our educational expert has created top-notch lessons that any smart cookie can teach. We do however, require you to have a passion for education, reading, baking, washing dishes, and of course, children! -

Financing Options

 
Hooray for Books Franchise
Lightbridge Academy Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support

 
Hooray for Books Franchise
Lightbridge Academy Franchise
Training There is a comprehensive 5 day training program at our headquarters. As part of your franchise fee you and one other person will receive complete training on all aspects of running a successful Hooray for Books franchise.On-The-Job Training: 28 hours Classroom Training: 128 hours Additional Training: Ongoing
Support When you succeed, so do we. We will offer ongoing support to ensure your success from marketing and advertising to new trainings.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

 
Hooray for Books Franchise
Lightbridge Academy Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About Hooray for Books

If you want to find something you are passionate about, something more than just a job, then Hooray for Books may be right for you! One of the best benefits of owning a HFB franchise is that you make your own schedule. With the flexibility to map out class times that work for you, and the ability to hire a teacher so you can focus on the operations side, HFB truly is a great business opportunity for anyone with a family. Not Your Average Franchise -Many people dream of being an entrepreneur, but moms have the time demands that can make it tricky to start from scratch. Don't let the term franchise mislead you! An HFB franchise promotes a happy life/work balance, a flexible schedule and our strategies increase employee loyalty and productivity because a mom of five invented them! We sell enthusiasm and genuinely love what we do. Can you say that if you are selling carpet cleaner or doo-dads all day? Are you motivated to build your own successful business? We have the recipe for success. All you need is the drive to succeed, a passion for teaching children, and a love for reading. Along with onsite training you will get the lesson plans, direction, mentoring and all the steps needed to make your business take off (no teaching degree required!) We offer the general blueprint for your success! happy Are you a former or current teacher? Perhaps you love children, but the public school doesn't seem like the right fit anymore. Hooray for Books allows you to be your own boss while reaping the benefits of teaching and enriching the lives of children. Since running a business is very different from teaching, some business experience is a plus (or find a business-minded friend and be co-owners!)

About Lightbridge Academy

If you're looking to make a difference in the world, in your town and in our future, Lightbridge Academy provides a way to do it, while owning a great business. Tap into this growing, $40 billion industry with a company that will be with you from the moment you become a franchisee - from real estate selection through opening your center and beyond.
Lightbridge Academy franchises offers programs for children from six weeks to six years old, including after-school enrichment and summer programs.
Each school is a licensed childcare, with staff trained in early childhood education or childhood development.

Veteran Incentives   10% off franchise fee
"Entrepreneur
#234 in Franchise 500 for 2020.
#143 in Franchise 500 for 2021.