Start-Up Costs and Fees |
||
| Legacy Academy for Children | Discovery Point | |
| Investment | 2100000 - 2500000 | 405572 - 3443722 |
| Franchise Fee | ||
| Royalty Fee | 5% | 4.7K-$6.5K/mo. |
| Advertising Fee | 1.8K/mo. | |
| Year Founded | 1997 | 1988 |
| Year Franchised | 1998 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Legacy Academy for Children | Discovery Point | |
| Experience | General business experience | |
Financing Options |
||
| Legacy Academy for Children | Discovery Point | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Legacy Academy for Children | Discovery Point | |
| Training | On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing center | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Field Operations Site Selection |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Number of Employees Required to Run: 35 |
Expansion Plans |
||
| Legacy Academy for Children | Discovery Point | |
| US Expansion | South, | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Legacy Academy for Children | |
| Discovery Point | |
| Franchise Fee | |
| Legacy Academy for Children | |
| Discovery Point | |
| Royalty Fee | |
| Legacy Academy for Children | 5% |
| Discovery Point | 4.7K-$6.5K/mo. |
| Advertising Fee | |
| Legacy Academy for Children | |
| Discovery Point | 1.8K/mo. |
| Year Founded | |
| Legacy Academy for Children | 1997 |
| Discovery Point | 1988 |
| Year Franchised | |
| Legacy Academy for Children | 1998 |
| Discovery Point | 1990 |
| Term Of Agreement | |
| Legacy Academy for Children | 24 years |
| Discovery Point | 20 years |
| Renewal Fee | |
| Legacy Academy for Children | |
| Discovery Point | |
Business Experience Requirements |
|
| Experience | |
| Legacy Academy for Children | General business experience |
| Discovery Point | |
Financing Options |
|
| Franchise Fees | |
| Legacy Academy for Children | No |
| Discovery Point | No |
| Start-up Costs | |
| Legacy Academy for Children | |
| Discovery Point | |
| Equipment | |
| Legacy Academy for Children} | |
| Discovery Point | |
| Inventory | |
| Legacy Academy for Children | |
| Discovery Point | |
| Receivables | |
| Legacy Academy for Children | |
| Discovery Point | |
| Payroll | |
| Legacy Academy for Children | |
| Discovery Point | |
Training & Support |
|
| Training | |
| Legacy Academy for Children | |
| Discovery Point | On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing center |
| Support | |
| Legacy Academy for Children | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Discovery Point | Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Field Operations Site Selection |
| Marketing | |
| Legacy Academy for Children | Co-op advertising, Ad slicks, Regional advertising |
| Discovery Point | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | |
| Legacy Academy for Children | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Discovery Point | Number of Employees Required to Run: 35 |
Expansion Plans |
|
| US Expansion | |
| Legacy Academy for Children | South, |
| Discovery Point | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Legacy Academy for Children | 0 |
| Discovery Point | |
| International Expansion | |
| Legacy Academy for Children | |
| Discovery Point | |