Primrose Schools Franchise Owners come from all walks of life, but more than a few come from the world of real estate.
Jarrad Vaughn and his wife, Olivia, are the Franchise Owners of Primrose School of Brookhaven in Georgia. Prior to opening his school, Jarrad spent several years working for David C. Vaughn & Company, where he served as director of REO services.
We sat down with him to ask how his real estate career prepared him for owning an early education franchise and what tips he can provide to current real estate professionals.
What made you decide to change careers and own your own business?
Vaughn: Family was the main factor in our decision to become business owners. My wife was working 60+ hours a week, and in the real estate industry, you work nights and weekends because those are the best showing times. We knew that we wanted to do something that allowed us to spend more time together and with our children. I come from a family of entrepreneurs, and my wife and I decided that we also wanted to be our own bosses and manage our own schedules.
Why did you decide to open a Primrose school versus another franchise?
Vaughn: Originally, I wanted to open a restaurant because it was something my family has experience in, but my wife had a few simple rules for choosing a business: no working nights, no working weekends and no working holidays. Child care providers are usually only open Monday through Friday, and while there are some tasks that need to be done at night to prepare for the next day, you’re not getting a 10 p.m. call that the ice cream machine is broken and flooding the place.
We never looked at any other franchise opportunities besides Primrose Schools. We were extremely pleased with our children’s education and care at Primrose School of Midtown at Colony Square (in Atlanta), and after speaking with the Franchise Owner, we realized what a great investment Primrose would be for both our family and the families of our local community.
What role did your background in real estate play in that decision?
Vaughn: When we decided to open a Primrose school, we drove around and actually chose the land that our school building is constructed on. My background in real estate gave me a handle on the market. Already being familiar with the area, I feel like I know the desires of the families who want to buy homes here, and high-quality education is at the top of their lists. Knowing the school districts also helped us with selecting the best location for our Primrose school.
What has been the best part about working with Primrose Schools?
Vaughn: We have had constant support from Primrose, and the training from the school support team has been awesome throughout the process. We have never had a question go unanswered. While we are the owners of our school, we’ve never felt completely on our own or like we need to have all the answers. We have a support system we can depend on.
If you could give other real estate professionals one piece of advice, what would it be?
Vaughn: For someone in the real estate industry who is considering owning a franchise, it’s an investment, but it’s also a career. And switching careers has had a great impact on our family. We get to spend more time together and be our own managers. In real estate, if you’re not working, you’re not making money. When you’re a Primrose Franchise Owner, your time is spent helping children and their families and you get to have a positive impact on them and your community every day.