Lightbridge Academy® Ranks 192nd on Entrepreneur’s 2023 Franchise 500

Lightbridge Academy ranks 192nd on Entrepreneur's 2023 Franchise 500 list, citing its business model, support infrastructure, and growing demand as key factors.

Read the original at 1851 Franchise
Lightbridge Academy® Ranks 192nd on Entrepreneur’s 2023 Franchise 500

TL;DR

Lightbridge Academy ranks 192nd on Entrepreneur's 2023 Franchise 500 list, citing its business model and growing demand as key factors. The company provides quality early education and child care programs to children aged six weeks through kindergarten and has over 140 child care centers either open or in development throughout several states.

We are extremely proud to be ranked as one of the best franchise opportunities in the world. Lightbridge Academy’s business model, strong support infrastructure and growing demand explain not only why new owners are joining but also why existing franchisees continue to invest in the brand and expand to multiple territories. We are excited to build on the momentum we’ve experienced this past year and continue to support children, parents, team members, franchise owners and the communities we serve.

There are several factors Entrepreneur takes into account when performing a thorough evaluation of a franchise concept, including 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 provides quality early education and child care programs to children aged six weeks through kindergarten. The company currently has over 140 child care centers either open or in development throughout Florida, Maryland, New Jersey, New York, North Carolina, Pennsylvania, Tennessee and Virginia. In 2022, the franchise sold 27 units and expanded into several new markets, including Michigan, Ohio, and Texas, allowing entrepreneurs to introduce an essential service to their local community.

The company was founded as a family business based on core values and a Circle of Care philosophy that places equal importance on the needs of children, their families, teachers, center owners and the community. Now celebrating its 25th anniversary, Lightbridge Academy provides quality early education and child care programs to children aged six weeks through kindergarten. The company currently has over 140 child care centers either open or in development throughout Florida, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas and Virginia.

  • In response to COVID-19, Lightbridge Academy launched The Lightbridge Promise as the Gold Standard for health & safety in the child care industry.
  • In 2020, the company was featured on the Inc. 5000 ranking, Franchise Times Top 200+ awards, and on Newsweek’s 2021 list of America’s Best Customer Service.
  • In 2022, Lightbridge Academy was featured for the 8th year on Entrepreneur Magazine's Franchise 500 and for the 2nd year on the Inc. 5000 list of fastest-growing private companies.

In this story

This story was originally published in 1851 Franchise on February 1, 2023. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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