Opening your own business can be difficult no matter the circumstances. While the pandemic and the national job shortage make times more uncertain, investing in an evergreen, recession-proof franchise can help you move forward in your career. This low-risk, high reward opportunity holds long-term benefits for franchisees and the communities they serve.
If you’re searching for a new career opportunity that offers financial stability, flexible hours, and independence, consider purchasing a successful franchise. Here’s a closer look at why now is the best time to invest in a franchise.
The Benefits of Purchasing a Franchise
1. Proven Business Model
Buying a franchise business provides entrepreneurs ample growth opportunities without starting a business from the ground up. Because franchises are designed to replicate successful business models with abundant support, the risk value is low, even during unpredictable times. The corporate business’ brand is well-established and has secured a loyal customer base with products and services that have undergone thorough quality control.
Brand recognition can also help entrepreneurs negotiate loans, available real estate, and lease agreements. Moreover, the franchisor will have a strong grasp of their target locations and demographics to make the franchisee’s location site successful. For instance, Ducklings’ proven business model lowers the financial risk associated with starting a new business. Franchisees can build off established customer loyalty and in-depth market research to open new branches.
2. Funding Opportunities
Despite the economic lows from the pandemic, there are plenty of silver linings for entrepreneurs. For instance, Small Business Administration (SBA) loan interest rates have dropped significantly, making it easier for business owners to receive financial support and invest less of their own capital to build their business. Entrepreneurs can also take advantage of the Economic Injury Disaster Loan program, which sets interest rates at 3.75% for small businesses.
3. Financial Independence & Flexibility
By purchasing a successful franchise, you can take control of your future. You won’t have to worry about getting laid off or furloughed as the owner of your business despite hardships like economic recessions or global health crises. Working in a lucrative, recession-proof industry like childcare guarantees employment and financial security. Additionally, you can enjoy a healthy work-life balance by creating a flexible schedule.
Why You Should Consider Owning a Childcare Franchise
According to SBDC, the childcare industry continues to remain among the top franchised businesses that are profitable due to more parents opting or needing third-party assistance during working hours, despite economic recessions. Further, Grand Review Research projected an annual combined revenue of $73.8 billion by 2027, with a compound annual growth rate of 3.9% from 2020 to 2027.
Because of these factors, owning a daycare business is one of the top franchised businesses to purchase. Additionally, daycare franchise owners have the opportunity to perform meaningful work by shaping young minds and improving their local community. You’re not only investing in your career, but also touching the lives of those around you.
The Advantages of Joining the Ducklings Franchise Team
For over 25 years, Ducklings Early Learning Center has operated successful childcare programs that have expanded throughout the Mid-Atlantic region and beyond. With an emphasis on a consistent curriculum developed by early education experts, Ducklings Early Learning Center strives to offer high-quality childcare and education for local communities, providing daily social interaction and hands-on instruction and activities from trained educators.
Ducklings’ vast support network ensures entrepreneurs receive the necessary financial support, training, brand standards, and lesson plans to create a profitable franchise. Working parents can also maintain a good work-life balance while expanding their career through franchising. For more information on joining our franchise family, call (484) 607-8248 or visit our website today.