When considering investing in a franchise it is important to research the projected growth in that industry to have the best chance at success. Is it stagnant? In high demand? Oversaturated? One industry that continues to be in great demand is daycare franchises.
With more parents returning to working in offices, the rising number of single & working mothers, and advancements in learning technologies for children, people are willing to spend more on childcare. A Zippia study reveals the childcare industry in the United States is currently valued at $60.4 billion. The study also shows that Americans with children spend at least 10% of their income on childcare.
The need is there, and a childcare franchise makes for the best franchise investment.
Projected growth
The U.S. childcare market size was valued at $60.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.18% from 2023 to 2030. The revenue forecast for 2030 is $83.6 billion.
With 75% of young children in the US participating in a preschool program, the demand for high-quality early education and care has never been higher. Childcare is considered to be a recession-proof industry, making this investment a solid one! Ducklings has been around for over 25 years and we keep expanding. Our proven business model ensures that our investors have the greatest chance at success complete with all the knowledge we have collected along the way.
Parents recognize the correlation between high-quality early education and consecutive success in their child’s future education and growth. They also appreciate the value of high-quality care and early education and believe that the rewards outweigh their investment. Here at Ducklings we’ve structured our business model to support industry influx, to drive long-lasting education, and to provide franchisees with a stable and profitable business investment.
Economic impact
Our economy depends on reliable childcare, plain and simple. Data shows that employees with children three years old and younger cost their employers roughly $1,150 per year because of inadequate child care. With 11 million working parents across the U.S., this equates to a total business loss of $12.7 billion.
Working parents lose an estimated $8,940 each year in lost earnings, reduced participation in the workforce, and lower returns on professional experience, according to data reported by Ready Nation. It is clear that families AND businesses rely on dependable childcare, and that won’t be changing any time soon.
Ducklings has a number of franchise opportunities to select from to make sure it’s the right fit for your investment. This industry is not slowing down because there is such a high need for reliable child care across the country. Employers rely on it just as much as working parents.
So if you’re looking to enter the childcare industry or advance towards a multi-unit franchise opportunity, here at Ducklings our team is always ready to meet and answer any questions.