Lightbridge Academy’s Graduated Royalty Fee Program Enables Franchisees to Build Enrollment and Hit the Ground Running
The brand’s franchise system is designed to give its local owners the opportunity to gradually build and scale their businesses.
April 24, 2017 // Franchising.com // Investing in a franchise isn’t a decision that entrepreneurs come to lightly. It takes a lot of time, hard work and passion to take a proven concept and successfully bring it to a new community. That’s why it’s crucial for franchisees to work with a supportive brand that’s consistently in their corner.
Lightbridge Academy, the innovative brand that’s changing the game in the child care industry, is a concept that’s designed to provide its local owners with the tools and resources that they need to succeed. But its support system extends far beyond training and assistance throughout the grand opening process - Lightbridge Academy also makes it a top priority to ensure that its franchisees are in strong position to launch their business.
That’s why the brand supports franchisees’ during their ramp up period. This graduated royalty fee program reduces the royalties that owners are responsible for when they’re first getting their businesses off the ground. For the first six months, Lightbridge Academy’s franchisees pay a royalty rate of four percent. That fee them rises to the standard rate of seven percent starting at the beginning of month seven, which is then good through the entire 15-year franchise agreement.
“We want to give our franchisees the opportunity to build enrollment. Our graduated royalty fee program ultimately gives our local owners a chance to get to the point where they can ramp up their businesses and hit the ground running,” said Mele. “This structure is just one of the many ways that Lightbridge Academy’s franchise system stands out as being incredibly supportive and strong.”
Lightbridge Academy’s graduated royalty fee program also makes its business incredibly scalable for franchisees who are interested in pursuing multi-unit ownership.
“I decided to franchise with Lightbridge Academy over other child care concepts because of its strong growth potential. Everything about the brand’s system is designed to encourage expansion and make multi-unit ownership opportunities a reality,” said Kal Patel, one of the brand’s multi-unit owners in New Jersey. “Because Lightbridge Academy is still rapidly expanding across the region, there’s room for franchisees like me to grow. It doesn’t limit your abilities as a business owner - the brand’s corporate team is willing to work with you to help you reach your goals.”
Creating that supportive of an environment is nothing new for the Lightbridge Academy brand - it has a long history of improving and enhancing its model. Lightbridge Academy also ensures that its support system is available to every child, parent and family that walks through its doors. Through its Circle of Care philosophy that places equal weight on the needs of everyone in a child’s life, the brand goes above and beyond other child care brands in the increasingly in-demand industry.
It’s clear that both business owners and consumers are interested in being a part of that Circle of Care. With 26 centers currently up and running and several more in development, Lightbridge Academy is positioned for a record-breaking year when it comes to expansion. The brand is focusing its efforts on expanding in key target markets like New Jersey, Pennsylvania, Maryland, Virginia and New York, and boasts an affordable initial investment in addition to its graduated royalty fee program. Startup costs for new franchisees range from $525,728 to $728,635.
“We’re proud to be a system that is rooted in transforming the lives of others. From the families that we serve to our franchisees, we’re committed to going the extra mile,” said Brenda Febbo, chief marketing officer for Lightbridge Academy. “We’re looking forward to building new relationships with more entrepreneurs and serving the needs of families as we open Lightbridge Academy’s in new markets.”
About Lightbridge Academy
For more information about Lightbridge Academy, franchise opportunities in the expansion markets, or to connect with Lightbridge Academy, visit http://www.LightbridgeAcademyFranchise.com, or contact Mark Mele, Sr. VP of Franchising at (732) 980-1900.
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SOURCE Lightbridge Academy