Lightbridge Franchise Company has signed its 60th franchise agreement this January in partnership between two doctors - Clinical Cardiologist Dr. Sanjay Shetty and Hospitalist Dr. Ditina Ghetia. The physicians plan to open two Lightbridge Academy child care centers in the greater Cherry Hill, New Jersey, area within the next two years. This 60th franchise is the first of 15 new child care centers that Lightbridge plans to announce in 2015.
“This is a very exciting growth period for our business,” stated Guy Falzarano, Lightbridge Franchise Company’s President and Chief Executive Officer. “We are delighted that our core values and Circle of Care philosophy are attracting like-minded and distinguished professionals such as Dr. Shetty and Dr. Ghetia into the Lightbridge family.”
“We have always had a passion for children,” said Dr. Shetty. “We believe Lightbridge Academy’s core values provide us with a noble way to realize our passion and impact the youth of our community.”
The signing of this 60th franchise is emblematic of Lightbridge Academy’s consistently strong annual growth. The company added 15 franchises in 2013 and an additional 17 last year. Falzarano confirmed there are currently several franchise applications undergoing attorney review and that he anticipates the same positive growth in 2015.
“The success we are experiencing at the franchise level is a reflection of the success and high levels of enrollment we experience on a center level,” said Falzarano. “We surpassed our own expectations in 2014 and it appears we’re on track to do the same this year.”
Lightbridge Franchise Company, formerly Rainbow Academy Franchise Company, currently operates 17 franchise locations in New Jersey and plans to open more than 40 child care centers in New Jersey, New York, Pennsylvania and Virginia in the next two years.