In the quest for innovation and expanded products and services, technology appears to reign supreme. Things that once took a trip to the grocery store, post office or bank can now be done with a couple of taps on your smartphone. While these technologies add convenience and time back into our days, they can’t fulfill all our needs.
I work in finance for a high-quality early education provider, in an industry that will continue to be high-touch and personal, even in a world of stores without cashiers and cars without drivers. The demand for child care will always be present. While ecommerce is disrupting the retail industry — keeping competitors large and small on their toes — the child care industry remains undisturbed.
If you’re looking for a new business venture and have a passion for early education in addition to leadership skills and business acumen, consider how the early education and child care industry is not only stable — it’s growing. In fact, it’s a $48 billion a year industry. And within the industry, Primrose is leading the way.
Entrepreneur recently ranked Primrose the no. 1 franchise in the children’s services category and no. 27 overall in the Franchise 500. We’re growing our footprint with more than 375 schools in 29 states, while earning top rankings for student outcomes and satisfaction among Franchise Owners, staff, families and local communities.
In adition to being in a financially sustainable industry, Primrose Franchise Owners also see a consistent, solid return on their investments:
- Primrose continues to maintain one of the lowest Small Business Administration (SBA) Loan default ratios in the industry, as reported by third party SBA Enhanced Analysis.
- In 2017, Primrose Schools’ financial performance representations (FPR) average unit volume was $2,055,904 for mature schools.
This strong financial performance is a reflection of our people, commitment to excellence, and what we’re offering the families we serve — our Balanced Learning® approach. More than a curriculum, our approach is informed by leading early education research and equips children with the intellectual, creative and character skills they need to be the successful leaders of tomorrow.
Industry stability, profitability and product are strong criteria to use when evaluating new business ventures — you want to make a wise career decision, and one that will be sustainable long-term. I’d argue that the intangibles are important, too. Wouldn’t it be great to know that your career and your investment are making a positive impact on the children and families in your community?
I’ve helped numerous Franchise Owners secure financing for their Primrose schools. This financing allows them to lease or buy a site, build or remodel buildings into a school, recruit staff members, purchase supplies and market in their community. The most rewarding thing I hear is that this work allows Franchise Owners to fulfill their dreams by taking these assets and making them come to life — they take the brick and mortar and make it a place where children are growing their knowledge and their character. At Primrose, our Franchise Owners are making dreams come true while making a living — a powerful combination that’s evidenced by our strong growth.
If you’re interested in speaking with a Primrose Franchise Development team member, contact 800-PRIMROSE (774-6767).
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for informational purposes only. Franchise offerings are made by Franchise Disclosure Document only. We will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state.
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