Children’s Franchises Are a No-Brainer
by Ed Teixeira
Individuals interested in franchise opportunities that offer both broad market demand and consistent growth should consider children’s franchises. An additional reason is that the majority of children’s franchises, with few exceptions, require a reasonable investment. Whether you’re a retired school teacher or someone that enjoys working with children, there are a number of children’s franchise concepts that fulfill your goals.
It’s often said: “There are two things people will spend lots of money on, kids and pets.” When it comes to the children’s market the U.S. Census Bureau reports that children under 18 years old, total 73.5 million, of which 24.5 million are under six years old and almost 24 million are in the six to eleven year old group.
There are a number of reasons why the market for children’s services will continue to grow:
- The U.S. birth rate is higher than Europe and Japan, due in great part to the continuing increase in the number of U.S. immigrants.
- Many school systems are facing budget cuts and as a result reduce athletic, tutorial and other after school programs. This causes many parents to seek alternative sources of educational and recreational services for their children, which is an opportunity for children’s franchises.
- Although the recession has ended, the possibility of after school and recreational programs being restored to previous levels is remote.
- The mere size of the U.S. population will continue to fuel the growth for various children’s services.
The growth of the children franchise sector continues and as a result provides opportunities for individuals. Franchises encompass a multitude of services and investment levels. Children’s franchises range from Kumon, which offers tutoring services to i9Sports that, provides recreational programs for children. Over 50% of children’s franchises allow a home based operation. This means lower start up costs and investment. People with a variety of experience and skills can find a children’s franchise to match their profile. If you enjoy working with children and seek a franchise with a reasonable investment then you should consider a children’s franchise.
The children’s category as listed in the Top 5 Franchise Industries to Watch states:
“The continued success of kid-centered franchises over the past several years is evidence that parents are always willing to sacrifice in order to give their offspring a leg up. And thanks to franchising, they’ve got lots of options, from early-learning child-care programs to traditional tutoring to an increasingly diverse collection of fitness, recreation and enrichment businesses.”
Source: The 2014 Entrepreneur 500
About the Author
Ed Teixeira is a recognized franchise expert with over 35 years experience in the franchise industry. He operates franchiseknowhow.com, writes the Franchise Expert blog and consults with selected clients on domestic and international franchising. He has served as a corporate executive for franchise firms in the retail, manufacturing, healthcare and technology industries and was also the franchisee of a multi-million dollar home healthcare franchise. Ed is the author of Franchising From the Inside Out and The Franchise Buyers Manual and has spoken at a number of venues including the International Franchise Expo and the Chinese Franchise Association in Shanghai, China. Over the course of his career he has been involved with over 1,000 franchise locations. and has launched franchise concepts from existing business models. Ed can be contacted at 631-246-5782 or franchiseknowhow@gmail.com
