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Some Frequently Asked Questions (FAQs) About How to Own an Education Franchise with La Piazza Academy
What experience do I need to own an education franchise with La Piazza Academy?
We seek business builders who understand and are willing to implement the philosophy of La Piazza Academy while managing a team of elite educators in their fields. We require our franchise owners to be owner-operators, with a passion for education and working with children and families, and to be highly involved with school operations. We are looking for financially qualified individuals with business management experience and a progressive mindset, who grasp the monumental importance of guiding young innovators to become lifelong learners and outstanding global citizens.
What is provided as part of the La Piazza Academy franchise program?
At La Piazza Academy, we offer initial and ongoing training to our education franchise owners and up to three of their team members. We offer pre-opening training, as well as ongoing training after the new school is open. Further, members of our team will join new franchise owners at their locations to help them open their doors with confidence. In addition, you will have access to our exclusive confidential operations manual to help operate your school properly on a day-to-day basis.
How much will the La Piazza Academy franchise program cost me?
The total initial investment necessary to begin operations ranges from $599,300 to $1,368,000. This includes a $90,000 initial franchise fee for a single-unit agreement.
Is financing available?
We do not provide direct financing to franchise owners, but we may refer to financing sources on a case-by-case basis.
Are there ongoing fees to pay?
We charge a royalty fee equal to 7% of gross revenues. There is also a preliminary technology fee of up to $300 per month. Fees such as these allow us to fund our ongoing support services, training, and the continued development of programs, supply channels, training programs, and systems upgrades to guide you when you own an education franchise with La Piazza Academy. For a full list of fees and requirements, please refer to our Franchise Disclosure Document (FDD).
Are there any advertising fees?
La Piazza Academy franchise owners will spend a minimum of $30,000 on grand opening promotions and are required to spend 1.5% of monthly gross monthly revenues on local marketing. Franchise owners will also contribute up to 2% to the system marketing fund. Collected funds will be used to develop marketing strategies to promote the La Piazza Academy brand.
What is the term of the agreement?
The initial term of your agreement is ten years, with three subsequent successor agreement options of five years.
How do I get started?
If you’re interested in learning more about how to own an education franchise with La Piazza Academy, contact us at (517) 388-1608 or [email protected], or by using the form provided on this site to discuss the possibility of setting up a meeting, speaking with our key management staff, and receiving our FDD which contains all the important details you’ll need to make an educated decision.