If you’ve questions about starting a childcare franchise, how Building Kidz works, or our childcare values, here are some answers to frequently asked questions.
There are many types of businesses one could open or franchises one could buy, so why should you start a childcare franchise? One key to success for any business is demand; there must be people who want the service or product you’re selling. The demand for childcare franchises is exceptionally high right now.
According to the National Fatherhood Institute, only seven percent of fathers and twenty-eight percent of mothers stay at home in the United States. Seven out of ten homes with children have both parents working. And let’s not forget single-parent families and families where one or both parents have a disability that makes childcare difficult. The upshot of it all is that the demand for preschool and daycare is incredibly strong.
Let’s remember that parents need to be able to trust the business, childcare workers, and teachers they’re leaving their kids with, though. If they don’t know an educator or daycare worker personally, they can only go by referrals and reviews. This is why daycare franchises have an advantage. With a well-earned positive reputation, parents trust Building Kidz. This means that parents trust Building Kidz franchise owners.
One of the more common preschool business FAQs is, “Why you?”. Why invest in a Building Kidz franchise? What sets us apart more than anything else is our guiding philosophy. Having this philosophy helps us teach children. This philosophy helps us explain and sell our services to parents. This philosophy helps us guide our franchisees.
Our preschool philosophy revolves around the arts. We believe the arts are critical to effective early childhood education. Our mission is to create a community where children can grow intellectually and become empowered and interested in learning. The arts are a great way to keep kids engaged and focused while they learn, allowing us to build their confidence, commitment, and character.
In developing the Building Kidz philosophy, our founder discovered a stark lack of emphasis on the arts in schools, daycare businesses, and overall in early childhood education. This means kids couldn’t benefit from enrichment programs in language, reading, music, dance, and theater. At Building Kidz, we provide these specializations with our carefully developed criteria. Our comprehensive, arts-integrated educational program focuses on six key areas of development: emotional, social, cognitive, physical, communication, and academic.
A typical Building Kidz franchise investment ranges from approximately $270,000 to $1,200,000. This figure includes costs such as initial fees, business formation, retrofitting the space you lease, and the working capital necessary to maintain your childcare business.
This range is quite wide because many costs depend on location and infrastructure. If you get in touch with us, we can give you a much more accurate and personalized estimate. Please note that this range does not include those franchisees that take advantage of our Acquire and Convert program. This program seeks to find, acquire, and convert a private preschool or childcare business into a Building Kidz center.
The high demand for daycare and preschool means many childcare businesses make a healthy profit. Furthermore, the daycare and preschool sector is largely recession-proof because children always need care and education. The return-on-investment for each Building Kidz franchise is different, but most of our franchisees enjoy healthy profits. The best operators in our franchise family are enjoying double industry averages for EBITDA margins.
Ready to explore how Building Kidz can help you start your own successful childcare franchise? Contact us today to learn more!