In the past several years, the franchise industry has seen exponential growth over several economic sectors. Even through the recession, the industry was able to continue growing largely due to the franchise model. The rebound the economy has experienced since 2009 has only strengthened the industry’s growth, with the children’s services, quick-service restaurants and personal-services franchise sectors leading the way.
Entrepreneur magazine has noted the increased demand for children’s services franchises. In its latest annual Franchise 500 ranking, children’s services were listed as one of the top five fastest-growing franchise sectors. The child care industry as a whole is growing. As of May, the industry was valued at $45 billion, according to research firm IBISWorld.
Children’s services sector, which includes educational services, day care, child sports/fitness training and enrichment/arts programs for children, is one of the fastest growing franchise sectors in the United States. Since 2013, it has been growing at more than three times the average of other franchise sectors. As more research has surfaced on the critical role the first five years play in children’s long-term development, the early education franchise sector has flourished. Moreover, the national dialogue on early education has added to the surge in demand and franchise opportunities.
If you’re thinking about a child-focused business, we can help you take a look at a franchise business opportunity that may provide the perfect route into this thriving and rewarding industry. The demand for early education and care franchises is expected to increase for years to come.
Franchise Brokers Team of Professionals has over 500 franchise concepts, representing 40 unique business categories, listed on our site. If you are considering whether or not to go into business for yourself, but not by yourself, we are confident that you will find a number of franchise systems that might be a good fit for you. We are here to help you evaluate franchises against your goals and look past marketing hype to see the true story about each concept in determining the right fit for you.