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<a href="https://lightbridgeacademyfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">Lightbridge Academy</a>, the innovators in early education and child care with more than 60 open locations and 60 additional franchises sold or in development across the U.S., is expanding into the Lone Star State. With plans to open 15 locations in Dallas and 10 in Houston, each location will create about 35 jobs for the local community.“We see a high demand in Texas and are concentrating our efforts in 2022 on serving the expansive markets of that state,” explained <a href="https://www.linkedin.com/in/jim-dirugeris-cfe-6226151a/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">Jim DiRugeris</a>, Lightbridge Academy’s senior vice president of franchise sales. “There has been an increase in the number of people moving to Dallas-Fort Worth and Houston, and there’s not enough quality child care providers currently in the area to support working parents.”&nbsp;In particular, people have been leaving California and making their homes in Texas. The largest number of new Dallas-Fort Worth transplants came from the state in 2020 — with <a href="https://www.dallasnews.com/business/real-estate/2021/04/05/welcome-to-texas-thousands-of-folks-from-california-illinois-and-new-york-moved-to-d-fw-in-2020/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">more than 16,000 people moved to North Texas</a> from California, according to CBRE’s study of post office change of address information. This number was up more than 19% over 2019 totals. Many New Yorkers — more than 4,500 — also relocated to Texas.One thing this influx of new residents means for the state is more working parents and the need for more early education child care and daycare centers. However, Texas is still suffering as a <a href="https://childrenatrisk.org/wp-content/uploads/2021/03/COVID-Child-Care-Deserts.pdf?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">child care desert</a> (a community with at least 30 children, ages zero to five, where the demand for child care is at least three times greater than the supply of child care) as a result of the pandemic. According to Children at Risk, From March-August 2020, <a href="https://childrenatrisk.org/wp-content/uploads/2021/03/COVID-Child-Care-Deserts.pdf?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">child care deserts grew by 50% and one-fifth of reliable child care capacity was lost.</a>&nbsp;Lightbridge Academy, which was founded in 1997 and franchised in 2011, and specializes in not only providing high-quality child care and educational services to young children, but also supporting the needs of the busy working parent. The company offers programs for infants, toddlers, preschoolers and back-up care for school-aged children. Lightbridge Academy centers are equipped with a facial recognition entry system, internal video monitoring and silent alarms. Parents <a href="https://lightbridgeacademy.com/center-life-facilities?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">stay connected with the</a> ParentView® Internet Monitoring, which enables them to check in on their child throughout the day.“The Dallas-Fort Worth and Houston areas are ideal markets for Lightbridge Academy’s Texas expansion,” said Lightbridge Academy CEO <a href="https://www.linkedin.com/in/gigischweikert?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">Gigi Schweikert</a>. “We strive to bring trusted child care in areas of rapid growth where options are limited, and Houston and Dallas-Fort Worth fit that market. Additionally, we understand the challenges working parents face and their real need to be supported, and this is why we develop industry-leading programs like ParentView® Internet Monitoring, a parent eCommunication app, extended hours and state-of-the-art security systems. Last year, we also introduced <a href="http://lightbridgeacademy.com/promise?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">The Lightbridge Promise®</a>, which is the gold standard in health and safety for child care, including the installation of an enhanced air purification and filtration system along with heightened cleaning and sanitation processes.”With its expansion into Texas, Lightbridge Academy is filling a need in the child care space, as nearly two-thirds of the nation’s working families are already having trouble finding child care, according to the research and advocacy organization Children at Risk. On top of that statistic, upward of <a href="https://www.americanprogress.org/issues/early-childhood/news/2020/04/24/483817/coronavirus-pandemic-lead-permanent-loss-nearly-4-5-million-child-care-slots/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">4 million child care slots could be permanently lost </a>if more is not done to stabilize the industry. The child care industry in Texas has an <a href="https://www.houstonchronicle.com/lifestyle/renew-houston/health/article/Faced-with-massive-drops-in-enrollment-Houston-16022158.php?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">estimated impact of $8.7 billion</a> on the state’s economy, <a href="https://www.ced.org/childcareimpact?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">according to a 2019 report</a> from the nonprofit policy think tank the Committee for Economic Development (CED). Maintaining this piece of the economic puzzle is critical to the state’s economic health — and provides ample opportunity for Lightbridge to make a difference in the lives of working parents and their children.&nbsp;&nbsp;&nbsp;Learn more about franchise opportunities at <a href="https://lightbridgeacademyfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=lightbridge-academy-looks-to-grow-in-booming-texas-market-expand-across-the-greater-dallas-and-houston-areas-2717707" target="_blank" rel="nofollow">https://lightbridgeacademyfranchise.com/</a>.

Lightbridge Academy® Looks to Grow in Booming Texas Market, Expand Across the Greater Dallas and Houston Areas

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The leading early education and child care franchise plans to partner with franchisees in the Lone Star State, adding 15 locations in Dallas and 10 in Houston.    

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How much can franchisees make? It’s a question many prospective owners ask before investing in a franchise. While earnings tend to be driven by variables such as industry, location and general management skills, a proper understanding of the key factors driving profitability can help franchise owners develop expectations that are realistic.&nbsp;Multi-unit franchisee&nbsp;<a href="https://www.linkedin.com/in/mangesh-patel-9368569/">Mangesh Patel</a>, who’s readying the launch of six&nbsp;<a href="https://www.beefobradysfranchise.com/">Beef ‘O’ Brady’s</a> restaurant locations in the Macon, Georgia area, shares insights from his franchising experience.<h2>Understanding Franchise Income</h2>Keeping operational costs in check can have a major impact on overall earnings. Taking a proactive approach to expenses such as food and labor, as well as payroll and scheduling, can help align actual franchise income with general expectations for the business.“I just had a meeting with a couple of people, and they said, ‘You talked about a 25% profit margin, but I’m only doing 12%.’ So, I looked at the figures they sent me,” Patel said. “Their&nbsp;<a href="https://1851franchise.com/calculate-restaurant-franchise-profit-2730476">restaurant</a> food cost was running at 37%, which should be around 30%. The national average is about 32%. If I do things correctly, my average food cost needs to be at or below 30%. And payroll should run around 18%. But many people run 25 to 28%.”So,&nbsp;<a href="https://1851franchise.com/unraveling-franchise-earnings-how-much-can-you-really-make-2723935">how much can franchisees make</a>? Here are five areas to consider.<h2>Practical Tips for Prospective Franchisees</h2><ol><li>Control Costs From Day One:&nbsp;It’s important to monitor payroll, food and supply costs closely. Overstaffing and inefficiencies can quickly reduce profits.</li><li>Plan For The Opening Surge:&nbsp;Traffic within the first few months of opening is likely to be higher. It’s important to adjust staffing and inventory accordingly, and pay close attention to how those levels change as time goes on.</li><li>Invest In Training:&nbsp;Properly trained workers can help reduce waste and improve overall service, which has a direct effect on net income.</li><li>Understand Your Market:&nbsp;Each market is unique and revenue potential will vary depending upon location, demographics and competition.</li><li>Track Metrics Regularly:&nbsp;Food cost percentages, labor ratios and weekly sales data act as key indicators operations may need to be adjusted.</li></ol><h2>What Profitability Really Comes Down To</h2>Patel notes that if franchise owners manage labor and costs properly, it’s not impossible to achieve strong cash flow even in the first year, bucking some franchising trends.So,&nbsp;<a href="https://1851franchise.com/how-much-can-you-make-as-a-franchise-owner-2724761">how much can franchisees make</a>? While results tend to vary, careful planning, disciplined operations and a proactive approach to assessing initial costs are essential. But by grasping and guiding the elements that drive franchise profitability, franchise owners can maximize overall business earnings, scaling a business that’s sustainable financially over the long term.Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our&nbsp;<a href="https://1851franchise.com/power-rankings">Power Rankings</a> to read more on brands making moves.

How much can franchisees make? This guide explains what drives franchise earnings and how to manage costs, with expert tips from multi-unit owner Mangesh Patel on maximizing your franchise income.

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Building&nbsp;<a href="https://1851franchise.com/how-do-you-build-a-franchise-business-plan-2717037">a business plan</a> is a crucial operational step for any entrepreneur. But how do I build a business plan for a franchise that complements the franchisor’s system while addressing the unique needs of a given location? In this guide with expert tips, you’ll learn how to craft a thoughtful, actionable franchise business plan.<h2>Start With The Franchisor’s System In Mind</h2>So, how do I build a business plan for a franchise? Well, avoiding repetition is a good start.“You specifically don’t want to duplicate what your franchisor is doing,” said long-time multi-unit&nbsp;<a href="https://www.solafranchising.com/">Sola Salons</a> franchise owner,&nbsp;<a href="https://www.linkedin.com/in/haynes-chidsey-6a36a06/">Haynes Chidsey</a>. “There’s a reason why you join a franchise system and why you pay the fees and costs associated with it.”A strong franchise business plan should take advantage of the resources, marketing and operational systems that the franchisor provides (while utilizing daily experiences at the local level to help fine-tune what matters locally).<h2>Focus On Local Priorities</h2>A franchise business plan should be&nbsp;<a href="https://1851franchise.com/strategicfranchising/how-to-build-a-strong-franchise-brand-presence-in-your-local-community-2729771">locally focused</a>. It should reflect the unique characteristics and needs of each local market. It’s essential to identify opportunities to attract local customers, build relationships within the community at the local level and tailor services to the regional preferences required by each market.“Be complementary to what your system provides,” said Chidsey. “Stay locally focused. That’s what I would say is key. Avoid mistakes by focusing on the magic.”<h2>Practical Steps For Building Your Plan</h2><ol><li>Assess Both Market And Competition – Build a thorough understanding of local demand, competitors and potential customer base. This will lead to more informed projections. &nbsp;</li><li>Define Financial Goals – Include startup costs, ongoing fees and revenue expectations in the business plan. Staffing, rent, marketing and working capital should all be factored in. &nbsp;</li><li>Leverage Franchisor Resources – Incorporate the systems, training and support offered by the franchisor (instead of reinventing processes). &nbsp;</li><li>Set Operational Priorities – Decide which areas require hands-on local management (as opposed to areas guided by the franchisor). Focus energy where it’s most impactful. &nbsp;</li><li>Review And Adjust – A business plan shouldn’t be static. So, track performance, adjust strategies and refine priorities as the franchised business scales.</li></ol><h2>The Takeaway</h2><a href="https://1851franchise.com/chapter-3-developing-a-franchise-business-plan-2722586">Creating a franchise business plan</a> is about balance. With a clear plan that integrates franchisor resources and local insight, franchisees can confidently move forward, knowing their businesses are structured to thrive. Leveraging a proven franchisor system to make smart, locally relevant decisions is key. By slowing down to go fast, and catering to the local trends or demands unique to each market, zees can more effectively build a roadmap and franchise business plan capable of delivering long-term success.Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our&nbsp;<a href="https://1851franchise.com/power-rankings">Power Rankings</a> to read more on brands making moves.

How do I build a business plan for a franchise?

How do I build a business plan for a franchise? In this guide with expert tips, learn how to build a plan that leverages franchisor resources, focuses on local priorities and brings long-term success.

Lightbridge Academy® Looks to Grow in Booming Texas Market, Expand Across the Greater Dallas and Houston Areas

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