If you’re passionate about education, possess an entrepreneurial spirit, and prefer a role that offers flexibility and financial independence, starting your own education franchise may be the right move for you. Franchises offer a number of benefits over starting a business from scratch, including built-in name recognition and hands-on support from the franchisor. And, the education market is growing rapidly with no shortage of opportunity. While pursuing your professional goals, you can make a difference in your own community by educating the minds of tomorrow.
So, if you’re considering making the jump into franchising, here’s more information on why starting an education franchise is a lucrative business decision.
Why You Should Invest in an Education Franchise
It’s a Growing Market
According to SBDC, the childcare industry continues to remain among the top franchised businesses that are profitable despite economic recessions. Additionally, 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.
Let’s break down the reasoning behind those figures. The demand for high-quality daycare continues to soar as more parents report needing third-party assistance during working hours. In fact, the pandemic resulted in more parents, particularly mothers, considering dropping out of the workforce due to a lack of adequate childcare. Working parents are desperately searching for premium daycare centers where children will spend a significant amount of time per week, so investing in such a space offers significant benefits to all involved. Franchisees can begin a profitable business while parents ensure their children are safe and nurtured during working hours.
Also, while the U.S. Census Bureau reported a decline in the national birth rate during the pandemic, numbers are beginning to rise once again. In other words, as the population continues to grow, so does the necessity for better educational opportunities.
An Education Background Isn’t Required
You do not need to be a teacher or boast an education background to start a profitable education franchise. A franchise owner needs to have a strong business acumen and a dedication to improving childhood education, but franchises provide them with the necessary tools and guidelines to kick off a successful franchise location. Franchisees can then hire qualified teachers and staff who are trained to represent the franchise in the classroom while helping students achieve.
A franchise has already earned the recognition and esteem necessary to launch another successful franchise site. Franchisees can build off of established customer loyalty and in-depth market research to open new branches. Additionally, the franchisor will have a strong grasp of their target locations and demographics to make the franchisee’s location site successful. In turn, parents in these target communities will feel more secure seeing a reliable, respected name brand when choosing between schools.
Brand recognition can also help entrepreneurs negotiate loans, available real estate, and lease agreements to obtain optimal purchase deals.
Proven Business Model
Because franchises are designed to replicate successful business models with extensive support, the risk value is low, even during unpredictable times. Buying a recession proof franchise business provides entrepreneurs incredible growth opportunities without starting a business from the ground up. The corporate business’ brand is well-established and has secured a loyal customer base with products and services that have undergone thorough quality control. Moreover, streamlined systems, training, and curriculum allow franchisees to save time and money while maximizing profits.
By using a well-established curriculum, franchises can take advantage of a proven business model. Education franchises have already invested the resources in producing a high-quality curriculum developed by industry experts. This curriculum has then been tested and continues to be revised according to current best practices for quality control.
For example, Ducklings’ proprietary Here We Grow® Curriculum is curated by top early education experts and is shared through a custom digital sharing tool to ensure consistent training and lesson planning. Ducklings’ one-of-a-kind program blends our degreed teachers’ creative ideas with multiple recognized schools of thought and data-driven research. We also take into account each child’s unique learning style and needs to offer customized learning for our students.
Join the Ducklings Franchise Team
For over 25 years, Ducklings has operated successful childcare franchise programs throughout the Mid-Atlantic region and beyond. With a focus on a consistent curriculum developed by early education experts, Ducklings offers high-quality childcare and education for local communities by providing a consistent curriculum developed by early education experts. Our students thrive from hands-on instruction and activities from trained educators, daily social interaction, and fresh air outdoors.
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.