An Industry Poised for Growth
The Best Franchise is in the Day Care Industry
In the current market, you may have trouble putting your finger on which industry holds the best franchise opportunities for entrepreneurs. Times are changing, and along with social and economic changes come new needs and niches to fill.
Over the past few years, there has been a growing wave of awareness surrounding the connection between financial stability and progress, parental employment, and access to high-quality child care. This newfound awareness is expected to lead to an increased demand for and availability of educational child care centers.
Understand Why the Day Care Industry is Poised for Growth
According to a 2020 study conducted by Grand View Research, the child care market in the United States was found to have a value of $54.3 billion in 2019. This astonishing number is expected to grow at a compound annual growth rate of 3.9% until 2027.
Entrepreneurs looking to join this thriving industry can thus look forward to profitable returns in the upcoming years and plenty of demand for their services.
There are a number of child care options available, but early education is the type of child care that is set to dominate the market. This is due to a growing recognition of the importance of early education and the resulting demand for these types of services.
Among highly developed countries in the Organization for Economic Co-Operation and Development (OECD), almost 90% of 4-year-olds are enrolled in preschool, while in the United States, 1.4 million students were enrolled in prekindergarten in 2019. As many parents are looking to give their children a head start on their education, families with young children often seek out education-oriented child care services over other types of child care.
If you’re interested in becoming part of an industry whose projected revenue forecast for 2027 is $73.8 billion, a franchise in the child care industry may be the best franchise for you. However, choosing an industry to work in is only the first step in your journey to opening a thriving local business.
The next step is to select a franchise brand that can pave the way to business success and help you avoid any obstacles along the way.
Choose to Work with the Best Franchise Brand in the Industry
There are plenty of franchise brands to work within the daycare industry, and you may feel unsure about how to select the best one for your personal and professional goals. There are a few things to keep in mind when narrowing down your options.
First, experience is a major asset in this industry. Opting to work with a franchise brand that has spent decades in the industry figuring out what works and what doesn’t will save you time, money, stress, and energy over the long haul.
Discovery Point has over three decades of experience in child care. With access to this level of knowledge and expertise, you’ll always know you’re receiving high-quality advice about how to run your business for the best results.
Second, consider the support and resources the franchisor offers. Some franchise companies give their franchisees a brand name to work with but little support past opening day. Discovery Point is different.
We strive to build a franchise family through ongoing support and communication with our franchisees. From center development to initial training to regular quality assurance check-ins and access to our proprietary curriculum at no extra charge, we truly offer the full package for our franchisees to give them a leg up as new business owners.
Finally, it’s important to choose a franchise brand that aligns with your personal values as well as your professional goals. Explore the brand’s mission and company values before taking the first steps to inquire about their franchise opportunities.
As providing daycare services involves building relationships with families in the local community, choosing a franchise brand that puts the next generation first at every turn can help ensure the work you do as a business owner is both meaningful and rewarding.
Now that you know the best franchise to own is in the daycare industry, why not explore the franchise opportunities available from one of the best franchise companies in the business? Reach out to the franchising team at Discovery Point today by calling 770-623-1140, and we’ll fill you in on the steps you can take to become a franchisee!