Discovery Point Blog
The Why, What and How of Opening a Daycare Franchise
Smart entrepreneurs know that franchises represent some of the best business opportunities available. However, the type of franchise you choose will impact not only financial considerations but the type of work you undertake daily. If you want to own a business that is not only financially lucrative but also allows you to do work that leaves you feeling fulfilled at the end of the day, your best match may be a daycare franchise.
The market for the services offered by daycare businesses is huge. In fact, the daycare market was valued at $60.4 billion last year and is expected to increase by a compound annual growth rate of 4.18% by 2030. By entering this growing industry, you can:
- Help children succeed in making important developmental steps
- Enable parents in your community to have peace of mind while they’re at work
- Build a stable financial future for your own family
Is your interest peaked? Read on to learn why you should open a daycare business, what qualities you need for success and how the process works.
Why Open a Daycare Franchise?
First, you need to figure out your “why.” Each entrepreneur has different motivations for opening a daycare business, including the following:
- The desire to help others.
Running a daycare business gives you the opportunity to spend your days helping children grow while giving them a head start on early education. Plus, you’ll be helping parents succeed in the process.
- The desire to invest in your local community.
Did you know that 51% of Americans live in a child care desert? By opening a daycare business, you can help ensure families in your community have access to the reliable child care services they need.
- The desire to invest in a lucrative business opportunity.
With a revenue forecast of $83.6 billion in 2030, there’s huge potential for growth as a business in this industry.
- The desire to own a stable business.
Many prospective business owners are looking into opening recession-resistant businesses that can enable them to stay afloat even when times are tough for other industries. Because child care services are essential to a giant swath of the population, you can have confidence that your services will be in demand no matter what kinds of swings the economy takes.
What Qualities You Need to Be Successful
There are a number of qualities that can help you succeed in this industry. Above all, you’ll need to have patience, determination, and great communication and management skills. It is also crucial that you are deeply passionate about working with children and building lasting relationships with local families.
You may be surprised to hear that you don’t have to have experience in early child education or business ownership to see success as a daycare franchise owner. That’s because you can expect to receive well-rounded support and training from your franchisor, as long as you pick one that invests in its franchisees long-term.
At Discovery Point, we offer extensive training and ongoing support with business operations for our franchisees. You can look forward to us helping you with everything from site selection and the construction of your center to marketing, teacher training, and client relations.
As a result, you don’t have to worry if you are currently lacking skills in these areas. We will help you build them along the way. What’s most important is that you have an indefatigable drive to help others and are committed to implementing our proven business model.
How the Process for Opening a Daycare Franchise Works
Before committing to the idea of opening a daycare business, you will of course want to understand the specific steps that lie ahead. The good news is that when you choose Discovery Point, you’ll go through a straightforward 10-step process to get your center up and running.
This process begins with filling out a simple form on our website and then speaking with our team over the phone. After completing an application and background check and reviewing the Franchise Disclosure Document, you can attend a Discovery Day to meet with our corporate support team in person.
Once you’ve made the final decision to execute the Franchise Agreement and have secured financing, you’ll move on to working with our experts as we find the perfect site for your daycare business. We will take care of managing the construction of your center and ensuring it meets all licensing requirements. In the meantime, you will take part in our four-week training program for new owners. After completing your training, you will be ready for your grand opening!
Ready to learn more about opening a daycare franchise? Call Discovery Point at 770-623-1140 for details about our exciting franchise opportunities and comprehensive franchise packages!