Buying into a franchise is a great way to start your career as an entrepreneur and break into the world of business. But it can be difficult knowing what type of franchise you should choose.
Do you want something in the restaurant business? Health and wellbeing? What about daycare?
A daycare franchise is a great idea for many reasons. It’s a proven business model and people will always need a service to look after their kids. The daycare market is projected to grow to $520 billion by 2022.
Below, we’ve compiled a list of some of the top daycare franchises in America and which ones might be right for you. Read on to find out everything you need to know.
1. Kid City USA
Kid City is a preschool franchise that’s been around for over two decades, and in that time it’s learned what makes a daycare a success. It currently has over 80 locations and continues to go from strength to strength. It offers full support for all franchisees every step of the way.
2. Creative World School
The Creative World School was founded in 1970. Today, it has schools across several states, mostly in the southeast of the country. Its franchise fee is $75,000.
3. Genius Kids
Founded in 2001, Genius Kids schools are all about finding the inner genius in children. The franchise currently has over 90 locations, mostly in northern California. You can expect to pay a franchise fee of $50,000.
4. Primrose Schools
The Primrose Schools franchise dates all the way back to 1982. It’s known for being ultra-supportive of franchisees. Its royalty fee stands at 7%.
5. Children’s Lighthouse
This collection of schools was founded in Texas in the 1900s. It caters to children from six weeks to 12 years. This franchise is dedicated to helping families and franchisees to reach their goals.
6. LeafSpring Schools
Leafspring Schools boasts a proprietary curriculum specially developed by educational professionals. It currently has 12 locations across the US. The initial franchise fee is quite high at $87,000.
7. Kiddie Academy
One of the biggest franchises on this list, Kiddie Academy has over 200 locations. Its size and success mean it offers more opportunities for growth and support. The initial investment fee starts at $425,000.
8. The Goddard School
The largest franchise on this list, The Goddard School has almost 500 locations and counting. It was founded in 1986 and first began franchising just 2 years later. Because of its reputation and success, the buy-in fee is understandably high at $619,000.
At $25,000, KidsPark has one of the most affordable initial investment fees on this list. Its charge-by-the-hour system makes it popular among parents. The royalty fee for this franchise is 5%.
10. Adventure Kids Playcare
As its name suggests, Adventure Kids Playcare is more geared towards play than learning, and for many parents, that’s exactly what they’re looking for. The initial franchise fee is affordable at $29,500. This franchise made Entrepreneur’s list of Franchise 500 Ranking for 2017.
The Top Daycare Franchises Out There Today
If you’re looking to get into franchising, there are far worse options out there than the entries on this list. As always, be sure to do your own research on each of the top daycare franchises so you can see which one fits you best. If you’ve enjoyed this article, don’t forget to check out the rest of our content.