Making the choice to go into business for yourself is the start of a promising future. As you explore your options, franchising opportunities will naturally surface, and these can be a great fit if you’re looking to invest in an established brand with a strong reputation, loyal following, and robust support system. While there are many franchise companies across a multitude of industries, one key area to explore is the childcare franchise industry. The early childhood education industry is full of rewarding ways to grow a successful business while also creating a career that gives back to the community you serve. For the right person, starting a childcare business is the total package. Here’s why:
Profit Potential and Financial Stability
In an industry projected to reach $91 billion by 2030*, the potential financial rewards for owning a childcare franchise are significant. As one of the highest-rated and most trusted brands in the early childhood education industry, The Goddard School franchise model is positioned for individuals to achieve financial stability while building a legacy for their families.
Backed by more than 35 years of experience, The Goddard School’s proven business model and carefully crafted curriculum comes with limitless potential for financial success, giving franchise owners like you the valuable opportunity to build a legacy as part of our renowned and reputable institution.
What sets Goddard apart from other childcare centers is our proprietary Wonder of Learning inquiry-based education program developed by experts in early childhood education to foster an engaging way for children to have fun as they grow and ready themselves for school and life. Our parent loyalty rate of 82 percent backs our efforts: Families love and trust The Goddard School to provide a safe, caring, and engaging environment for their children, which means they’ll keep coming back.
Low Volatility and Resilience
One incredible benefit about the childcare franchise industry is its incredible resilience. While many other sectors run the risk of dealing with the effects of economic downturns, there is a constant demand for quality childcare to support hardworking parents. With more than 50 percent of households in the U.S. identifying as dual-income, according to Magnify Money, it’s clear why childcare businesses are thriving.
The Goddard School’s established reputation in early childhood education has bolstered the steady demand for our services across 38 U.S. states. Today’s parents are highly discerning when it comes to selecting early education for their children, often prioritizing it over other household expenditures. McKinsey reports that, based on a survey of over 3,000 parents, childcare ranks as a more important investment than savings, retirement, and lifestyle expenses for many families. In fact, around 1 in 10 respondents stated they would even increase their childcare spending in a financial downturn, emphasizing the perceived value of high-quality early childhood education.
Work-Life Balance and Personal Satisfaction
Time and again, one of the biggest rewards that Goddard School franchisees report is the work-life balance they experience while operating a childcare franchise. With our philosophy of working for yourself by not by yourself, Goddard has created a robust support system designed to give franchisees the help they need to create a successful business without having to be “in the office” 24/7. After all, work-life balance is one of the main reasons why so many business owners choose to trade in their corporate careers in the first place.
Another rewarding element of owning a childcare franchise is in the personal satisfaction that comes from making a difference in your local community.
Through family and faculty partnerships, children come to understand the meaning of community, as well as a sense of social responsibility and empathy. Children learn first and foremost by example, and by witnessing parents, guardians, and teachers working together, they will begin to do the same with their peers.
On a broader level, opening a Goddard School franchise delivers incredible economic benefits to your community. Each Goddard School location creates jobs and employment opportunities for local residents. It offers working parents a reputable and trustworthy childcare option that ensures peace of mind while they pursue their careers.
As you continue your journey to business ownership, be sure to learn more about the unique opportunities associated with investing in a childcare franchise like The Goddard School. From the financial rewards to the brand support to the chance to make a real difference in your community, the early childcare education industry has so much to offer entrepreneurs.
Wondering if The Goddard School is the right franchise for you? Click here to see what we have to offer!
*April 2024, Grand View Research, “U.S. Child Care Market Size & Trends”
