Legacy Academy is one of the leading providers of educational services for young children. Its franchise model offers entrepreneurs the chance to open their own schools and provide high-quality learning experiences to kids.
It was founded in 1998 by a team of dedicated educators who wanted to provide a fun and inspiring learning environment for young students.
Since then, Legacy has grown to have more than 15 franchises across North America.
If you love teaching and want to make a difference in the lives of children, becoming a franchise owner with Legacy Academy could be the perfect opportunity.
Here’s what you need to know about their franchise model:
About Legacy Academy Franchise
Through its daycare system, Legacy Academy is providing investors with the interesting opportunity to create a business that will benefit kids and their families.
Legacy Academy offers the best early childhood growth and daycare services so that children can get a head start on their education.
To ensure the company’s current reliability and caliber, the Legacy corporation keeps an eye on the franchise using its formal quality management guide.
They think that both the franchisor and the franchisee share responsibility for upholding a high quality of service.
Legacy Academy’s franchise model involves selling and operating educational centers throughout North America.
As a franchise owner, you would be responsible for providing high-quality education to children while also running your business with attention to detail.
The unique legacy curriculum is based on the best research-based learning methods and includes fun activities that challenge kids to learn and grow.
The flexible delivery of services allows each center to create its own individualized approach tailored to the needs of local families.
Legacy Academy Franchise History
Legacy Academy has a long and rich history that started in 1997 as a small preschool center.
It was founded by a team of dedicated educators who wanted to provide young students with a fun and inspiring learning environment.
After some time, the company decided to expand its services and start franchising operations in 1998.
Since then, the Legacy brand has grown significantly – becoming one of North America’s leading providers of early childhood education.
The company currently has more than 15 franchises across the continent, providing high-quality education to children throughout the region.
Every Legacy Academy franchise has either already been certified by the National Association for Young Children or is currently in the process of being accredited by that organization (NAEYC).
The Legacy Academy curriculum is based on research-based learning methods that are meant to challenge kids to learn and grow.
The approach is flexible enough for individual centers to create their own tailored educational programs for local families.
To ensure that each site offers quality services, the Legacy corporation keeps an eye on its franchisees using its formal quality management guide.
Legacy Academy Franchise Model Table
| Cost Or Fees | Amount |
|---|---|
| Initial Investment | $3,524,600–$6,135,500 |
| Franchise Fee | $75,000 |
| Royalty Fee | 5% |
| Advertising Fee | 1% |
| Number of Outlets | 15+ |
How Much Does It Cost to Open a Legacy Academy Franchise?
The cost of opening a Legacy Academy franchise is quite substantial.
To get started, you will need to have at least $250,000 liquid cash and pay an initial franchise fee of $75,000. Your total initial investment can range anywhere from $3,524,600 to $6,135,500.
Once your business is up and running, you’ll be required to pay a 5% ongoing royalty every month.
This royalty payment is based on the net sales of your franchise and helps cover the costs associated with operating the Legacy Academy brand across North America.
You’ll also need to pay a 1% ad royalty per month which is used for marketing the brand and generating exposure in potential markets.
In exchange for the money you put into developing your Legacy Academy franchise, you get access to the company’s comprehensive training program and ongoing support from staff members dedicated to helping your business succeed.
You also benefit from their cutting-edge curriculum, which has proven successful in stimulating young minds and preparing them for success in their future educational endeavors.
Legacy Academy Franchise Requirements
In order to become a legacy franchisee, you are required to agree to their franchise agreement as well as their confidential operating manual.
These resources will assist you in directing the company and contributing to its expansion.
You will also need an initial investment of at least $250,000 and the willingness to commit to a long-term business venture.
As a franchise owner, you will be expected to display an excellent level of customer service as well as adhere to all state laws and regulations when it comes to running your business.
You are also required to have the appropriate educational background and childcare experience to manage your center.
A bachelor’s degree in early childhood education or a related field is recommended, although not required.
Potential franchisees are also required to undergo background checks and complete a comprehensive training program provided by the Legacy Academy team.
Legacy Academy Franchise Revenue & Profit
The revenue and profit of any franchise owner are determined by the owner’s capability, franchise location, size, management skills, marketing skills, etc.
The median gross revenue of the Legacy Academy Franchise is $1,543,161. If we assume a profit margin of 20% on average, then we can calculate that a Legacy Academy franchise owner makes a net income of $308,632 on average within the first two years of this business.
This is how we made this calculation:
| Financial Overview | Percentage of Revenue | Amount ($) |
|---|---|---|
| Individual Franchise Annual Revenue | 100% | 1543161.00 |
| Rent | 10.00% | (154316.10) |
| Insurance | 5.00% | (77158.05) |
| Salaries | 20.00% | (308632.20) |
| Franchise Royalty Fees | 5.00% | (77158.05) |
| Utilities | 2.00% | (30863.22) |
| Cost of Goods Sold (COGS) | 25.00% | (385790.25) |
| Labor (Variable) | 13.00% | (200610.93) |
| Total (Expenses) | 80.00% | (1234528.80) |
| Net Profit | 20.00% | 308632.20 |
Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.
Payback Period Of Legacy Academy Franchise
With an investment of $6,135,500 and an estimated 20% profit on the average revenue, the yearly profit would be $308,632.
So, to find out how long it will take to earn back the initial investment:
Payback Period = Investment / Yearly Profit = $6,135,500 / $308,632=Â 19.8 years
Based on these figures, it will take approximately 20 years to pay back the initial investment for Legacy Academy. This time period could be longer or shorter depending on your sales, revenue, and profit figures.
Legacy Academy Franchise Training and Support
Legacy Academy has more than 20 years of experience in the childcare industry.
As a benefit to its franchisees, the company offers all of the training and support that is required to operate a successful and profitable daycare.
Initial training at Legacy Academy typically lasts for 70 hours and is provided free of charge to franchise owners.
In addition to that, they provide options for site selection and financing for their franchises.
A five-day training program is held at the corporate headquarters for the first six months. This will be followed by two weeks of training at your franchise location and a month-to-month visit.
You will receive assistance with the grand opening, as well as newsletters and a toll-free contact number.
Legacy Academy Franchise Terms Of Agreement & Renewal
Legacy Academy franchise owners are required to adhere to the company’s franchise agreement and confidential operating manual.
Franchisees must agree to a five-year term with two additional five-year renewal terms if they want to continue their operations after the initial period.
Franchisees must also pay an initial fee of $75,000, a 5% royalty on monthly net sales, and a 1% ad royalty.
They are expected to maintain the company’s standards of quality and customer service as well as abide by all local, state, and federal laws when running their business.
The corporate office will host monthly curriculum meetings to review each curriculum.
Additionally, they provide ongoing services like site selection, program development, and marketing services like website development and social media. To operate a franchise will need 25–30 employees.
Legacy Academy Franchise Obligations and Restrictions
The terms and conditions of an average franchise agreement can last anywhere from 5 to 20 years.
However, this varies from case to case and depends on things like the duration of the lease, the size of the business, and its location.
Legacy Academy provides terms of up to 25 years and also offers year-by-year renewals after that period.
In order to maintain their high standards and quality, Legacy Academy requires that all franchisees adhere to the company’s franchising terms and remain in compliance with all local, state, and federal laws regarding childcare.
Legacy Academy Franchise Financial Assistance
Legacy Academy only accepts funding from third-party lenders that meet the company’s criteria.
Potential franchisees can apply for third-party financing to cover the initial costs of setting up a business as well as any subsequent purchases that might be required.
Legacy Academy has partnered with several financial institutions to finance franchise fees, start-up costs, inventory, equipment, and working capital.
This financing can be used for any of the approved and recommended expenses associated with setting up a Legacy Academy Franchise.
Potential franchisees interested in education can investigate opportunities with Kidzee Franchise, Code Ninjas Franchise, Kumon Franchise, Kiddie Academy, and Mathnasium.
Legacy Academy Comparison
| Company | Legacy Academy | Lightbridge Academy |
|---|---|---|
| Year Founded | 1998 | 1997 |
| Franchise Fee | $75,000 | $40,000 |
| Initial Investment | $3,524,600–$6,135,500 | $621,233–$5,088,750 |
| Number of Outlets | 15+ | 140+ |
Conclusion
Although it is a newcomer to the franchise industry, Legacy Academy has quickly established itself as a leader in the childcare business.
The company offers comprehensive training and support, long-term franchise agreements, and financial assistance for qualifying franchisees.
The Legacy Academy model is perfect for those who are looking to invest in a profitable business and make their mark in the childcare sector.
If you think this might be something you’d like to pursue, you should take the time to explore all the possibilities available with Legacy Academy and decide whether or not it is the right fit for you.
Legacy Academy Franchise FAQs
Who is the Owner Of the Legacy Academy Franchise?
Melissa Turner is the owner and president of Legacy Academy Franchises. She is also the founder of the academy.
How Many Legacy Academy Franchises Are Currently There?
While the exact number is not available, there are currently over 15 Legacy Academy franchises operating across the United States.
Is Legacy Academy Franchise A Good Investment?
Yes, Legacy Academy is a great investment for those looking to enter the childcare business.
Is Legacy Academy Franchise Worth It?
Yes, as the Legacy Academy franchise has a track record of being profitable for investors and owners alike.
Where is Legacy Academy headquartered?
The corporate office of Legacy Academy is located in Sugar Hill, Georgia.
Amit Gupta is an experienced expert in digital marketing and co-founder of DrFranchises. With more than 11 years of knowledge in franchise digital marketing, SEO, email marketing, and social media marketing, Amit has helped many brands achieve incredible success online. As a passionate entrepreneur and owner of 7 franchises, he continues to study franchise models, looking at costs, revenue, and profitability to guide brands toward profitable growth. When he’s not working on digital marketing, Amit enjoys spending time playing with his beloved dog.