Lightbridge Academy Named A Top Franchise Opportunity on Entrepreneur’s Franchise 500 List
The early education and child care brand that puts equal importance on the needs of children, their families, franchise owners, team members and the larger community has won another prestigious award in the franchising world.
ISELIN, N.J. (PRWEB) February 25, 2021 - Lightbridge Academy has won another prestigious award in the franchising world, this time jumping 91 points ahead of its 2020 position and coming in at No. 143 of Entrepreneur’s Franchise 500®.
“We were very focused on our franchisees during 2020 to make sure they had every resource needed to overcome obstacles and continue serving communities, families and their children during this challenging school year,” Lightbridge Academy’s founder and CEO Guy Falzarano said in response to the award. “Being recognized on Entrepreneur’s sought-after Franchise 500® list is welcomed validation that we made a major difference in people’s lives at a time they needed us most and in doing so remained a solid business opportunity during unprecedented times.”
Lightbridge Academy has positioned itself as an emerging player in the $40 billion childcare market, which includes 14.4 million U.S. children in childcare. The brand projects 9.2% annual growth, down only slightly from the 10% growth it’s experienced every year since 1999.
Falzarano attributes the brand’s success to its Circle of Care philosophy, which defines the brands every interaction and helps build Lightbridge Academy’s world class level of loyalty and culture of trust. Combined with the brand’s gold-standard for health and safety protocols, known as The Lightbridge Promise, Lightbridge Academy has earned the trust of thousands of families and enjoyed double-digit growth for decades.
Entrepreneur scoured the wide world of franchising to find the absolute best 500 business opportunities using a ranking system that’s been constantly evolving for 42 years.
The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Lightbridge Academy’s Franchise 500® ranking joins a long list of other honors the brand has received since its inception in 1997.
SOURCE Lightbridge Academy
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