Many industries were hit hard by the pandemic, but recent data from the Small Business Development Center Network (SBDC) has shown the childcare industry remains profitable despite economic downturns. Further, Grandview Research projects an annual combined revenue of $73.8 billion by 2027, with a compound annual growth rate of 3.9% from 2020 to 2027. Clearly, the daycare industry is thriving and will continue to do so indefinitely.
But what are the concrete reasons behind these figures? Below, we explore why the daycare industry is considered recession-proof and why you should consider joining Ducklings’ franchise team.
Why is Early Education Important?
Not every daycare is the same. At a high-quality daycare, children learn the foundations for reading and math, to communicate better, and they become more socially aware and independent. Kids also have ample opportunities to spend time outside and increase physical activity. Research has also indicated that early education shapes their overall development, behavioral patterns, and language and reasoning skills.
4 Reasons Daycare Franchises are Recession-Proof
1. National Need for High-Quality Daycares
There will always be a need for first-class daycares regardless of national or global economic circumstances. Why? First-rate daycares are beneficial even if both parents don’t have to work because they provide a safe environment, a great education, and socialization for young children. Many parents send their children to preschool for these reasons alone. On the other hand, in the case of dual-income households, daycares are essential.
Regardless of a family’s particular situation, the national need for better daycares continues to rise, and daycare franchises are able to meet that need head-on.
2. Proven Business Model
Franchises capitalize on a proven business model that can be replicated across locations. Franchisees don’t have to worry about starting a business from scratch because the franchisor has a tested business model and marketing strategy in place to make the franchisee’s business successful. Franchisees obtain access to training guidelines, support networks, and quality control to secure a high ROI.
For instance, Ducklings Early Learning Center provides continuous, hands-on support from the start to support business owners. This includes assistance to secure funding, negotiate purchasing agreements, providing a set curriculum, using streamlined platforms, and much more.
3. Established Curriculum
Daycare franchises have a set curriculum in place that is backed by early education experts. Ducklings’ proprietary Here We Grow® Curriculum was created by education professionals and is shared through a custom digital sharing tool to verify consistent training and lesson planning. Our one-of-a-kind program blends our degreed teachers’ creative ideas with multiple recognized schools of thought and data-driven research. Franchise owners and staff have access to all Ducklings activities, lessons, and teaching standards, as well as opportunities to collaborate with other Ducklings owners and staff.
Ducklings’ teachers can also accommodate a variety of learning styles to support students’ individual learning needs.
4. Brand Recognition
The public places their trust in a brand they recognize. Families that are familiar with a franchise and their value offerings will be more likely to invest in that business and refer other customers. For example, Ducklings has a reputation spanning almost three decades as a pioneer in the early education sector. Our established track record has also led to good relationships with vendors, enabling us to assist franchisees with financing opportunities. This also helps us negotiate loan terms, as well as lease and facility agreements, for our franchisees.
Join the Ducklings Franchise Family
For over 25 years, Ducklings has operated as a successful childcare program that has expanded throughout the Mid-Atlantic region and beyond. With an emphasis on a consistent curriculum developed by early education experts, Ducklings strives to offer high-quality childcare and education for local communities. Franchisees can duplicate our successful business model, obtaining full access to lesson plans, training, teaching, and brand standards. For more information on joining our franchise, call (484) 607-8248 or fill out our contact form.