Are you interested in Child Care Franchise? How about starting your own school by taking a franchise from a renowned brand – Legacy Academy franchise.
The article will assist you in comprehending the Legacy Academy business model with its Capital requirements, Profit potential, and comprehensive guidelines to launch this franchise in your city.
- Initial Franchise Fee: $75,000
- Cash requirement: $250,000
- Royalty Fee: 5% of Total revenue
- Ad Royalty Fee: 1%
- Term Agreement: 25 Years
- Est. Initial Investment: $3,524,600 – $6,135,500
The enormous rise in Working parents and subsequent demand for Child care has been the driving factor for the Child Care industry. As per a survey by the Center of American Progress, around 2 million parents had to make career sacrifices due to childcare-related problems in 2016.
According to the Grand View research, the U.S. child care market was valued at USD54.3 billion in 2019 and will continue to expand at a compound annual growth rate (CAGR) of 3.9% from 2020 to 2027.
Legacy Academy is known for offering a unique environment for children with a strong focus, mission, and day-to-day tools for nurturing thousands of children. With a clear goal to provide ample opportunity to learn and grow as they become healthy, responsible, and independent individuals.
Legacy Academy has 15 schools across four American cities – Georgia, North Carolina, South Carolina, and Texas. The National Association for the Education of Young Children, which establishes the requirements for accountability in the quality of early childhood care and education, grants accreditation to qualified Legacy academies.
Please continue reading if you are planning to Start a Legacy Academy location, and this little nugget of information thrills you.
Table of Contents
Overview of Legacy Academy
Legacy Academy is one of America’s pioneer daycare institute that was established by Melissa Turner. Currently, the chain have been operating at 15 locations across the U.S., and seeking a new franchisee opportunities.
With a precise focus on providing an excellent environment and ample amount of time children deserve, the Legacy academy chain follows a top-class curriculum,
- Brain Powers
- Music & Foreign language activities
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Why Consider Owning a Legacy Academy franchise?
Due to the rise in a significant number of working parents, the standard of living, and parents searching for good daycare schools, this franchise would create a good opportunity for franchise owners to generate outstanding revenue.
The following are some crucial elements supporting the franchise benefits,
- Being one of the most well-known and reputable institutions enables them to attract more customers and thus creates a close relationship between parents and the school.
- The franchise has a specially designed curriculum and Framework For Their Future® by a team of Child development and child care expert.
- A Strong mission and Vision to provide children with cutting-edge technology and an enriched learning environment would assist in penetrating several locations across the U.S.
- Being one of the structured institutions in a sector with significant growth potential may provide an institution an advantage over rivals.
How much does a Legacy Academy franchise Cost?
Interested applicants have the opportunity to franchise a Legacy Academy location as the brand is planning to expand its franchise across the U.S. Nonetheless, To start a Legacy Academy franchise, one would at least require an initial investment of $3,524,600 – $6,135,500 and may be a dedicated floor area of min 1000 square feet to set up a brick-and-mortar retail space.
Before taking up any franchise, one has to understand and do market research and analysis. To run a Franchise would involve several other costs other than the franchise fee like Employee expenses, Rental Fees, Electricity Charges, etc.
The Franchising process starts after signing the Franchise agreement, company may require you to pay at least few percentage of initial franchise fee as a Deposit fee.
Please do note that the Initial franchise fee of legacy academy is non-refundable.
Legacy Academy Franchise Fee
The franchise fee for Legacy Academy is $75,000. Additionally, Interested candidates should also meet the minimum financial requirement of at least liquid cash of $250,000.
Additional Cost for Legacy Academy
Typically, to run and maintain a Legacy Academy location, one must adhere to their standards and are liable to pay a few additional costs such as Royalty fee, advertisement fee, maintenance fee, and a few other investments.
The on-going royalty fee for Legacy Academy Franchise is 5% and ad royalty fee is 1% of the monthly gross sales.
Below are the details of the Financial requirements for the franchise,
|Types of Fee||Amount|
|Initial Franchise Fee||$75,000|
|Minimum Cash requirement||$250,000|
|Royalty Fee||5% of Total revenue|
|Ad Royalty Fee||1%|
|Term Agreement||25 Years, Renewable|
|Est. Initial Investment||$3,524,600 – $6,135,500|
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Legacy Academy franchise requirements
Setting up a daycare franchise might seem simple, but it requires dedication and commitment to help young children. One must adhere to the guidelines provided by the franchise.
- Interested franchise owners must attend the extensive training program offered by the franchise and should have the required education qualification set by the franchise.
- An Owner must meet the basic financial requirements set by the franchise.
- Franchise unitholder must be passionate about early childcare and education excellence.
- In addition to the initial franchise fee, there are other charges associated with the franchising process. Applicants must have sound financial management and be prepared financially to take on the risk of starting a business.
- And Above all, one has to be actively involved in the daily activities of the business.
How much is Legacy Academy Franchise Profit Margin?
Any Daycare franchise business(Recession-resistant) will depend on various factors like site Location, Population, Average income of any working individual, and Services. The profit margin for the childcare industry has grown significantly over the past few years. One can anticipate a profit margin of 9-10% easily.
How to Apply for Legacy Academy Franchise?
Interested applicants can apply for the Legacy academy chain from their official website. One has to fill in the required details such as Name, E-Mail address, Phone Number, and Zip code. Do note to select the “best time to call” option requested by the franchise.
Once done with the above process, somebody from the franchise development team will follow-up to you to send a franchise kit and set up an Introductory call.
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Opening a Legacy Academy will be beneficial for the interested aspirants given its future growth potential and demand to nurture children in a better way, bold vision and mission, specially created curriculum, cutting-edge technology, and several years of experience in this field.
Furthermore, the Legacy academy team has been planning to expand its centers to several locations across other parts of the US, and interested franchise prospects who are willing to work and dedicate themselves to the daycare industry, then Legacy academy is for you.
If you’re willing to work in the childcare business and have a budget for investments between $3,524,600 and $6,135,500, you can definitely seize this opportunity and earn a respectable profit margin.
How much does it cost to Start a Legacy Academy location?
Ans: As mentioned earlier, Starting a franchise involves costs other than initial franchise fee and deposit fee. Below are few key fee involved,
Initial Franchise Fee: $75,000
Cash requirement: $250,000
Royalty Fee: 5% of Total revenue
Ad Royalty Fee: 1%
Est. Initial Investment: $3,524,600 – $6,135,500
How much does a Legacy academy franchise owners make?
Ans: legacy academy is known for offering vast curriculum and enriched learning environment for kids which helps them in generating outstanding revenue for their business. On an average after all the cost cut, one can anticipate a profit margin of 8-10 percent.
Is a Daycare franchise profitable?
Ans: Definitely yes, However, The profitability of the Daycare franchise depends on on-site location, the population of an area, and its service offering.
What is the official website and phone number of Legacy Academy?