Franchise Spotlight: Children
The children’s sector is a hugely rewarding industry and offers a wealth of franchise opportunities.
It is unanimously agreed that educating, nurturing and caring for our children is one of the single most important things we can do to ensure their future success. Statistics show a steady increase in parents spending on extra-curricular and educational activities and this looks set to grow. There is, therefore, a wealth of franchise opportunities in the children’s sector ranging from tutoring, after school clubs and online learning to medical, childcare, sport and more.
Children industry analysis
While many brick and mortar children’s franchises were forced to temporarily close during the recent pandemic, online businesses saw a dramatic increase in customers. The analysis shows online learning businesses saw a peak in revenue in 2020, as many people used online courses, tutoring and play-based learning to aid homeschooling or to simply keep their children entertained. This corner of the market has the ability to weather, and indeed thrive, during economic storms.
Experience of working with children is not necessarily a requirement, though it might be in some areas or indeed, will be looked upon favorably. Potential franchisees should be passionate about child development and feel confident about the positive impact the franchise plays in a child’s life.
Children’s franchises can be home-based and offer flexible working hours. Lots of franchisees have children themselves and so the businesses are geared around a good work/life balance. You can enjoy being your own boss whilst leaning on the wealth of experience, support and access to high-quality teaching materials and methods the franchise has to offer. Operating under a recognized brand name will also draw in loyal customers. Parents want to feel confident they are entrusting their money, and children, to a highly competent business with a reputable track record.
This is a sector that has a positive societal impact. The work can be hugely inspiring and rewarding, whilst also being a stable and successful business model.