On the heels of reaching unprecedented system revenue in its 32-year history, Primrose Schools recently expanded its footprint by opening its first California preschool in Pleasanton, CA. The high demand for quality child care providers in California has Primrose Schools looking to expand state-wide in cities like San Francisco, Los Angeles, San Diego and San Jose.
According to CEO and President Jo Kirchner, Primrose Schools remains well positioned for growth, as the child care industry overall grows in response to the nationwide crisis in early childhood education. Industry research firm IBISWorld projects that the $46.6 billion child care industry will continue to grow in 2014 and beyond as the economy continues to recover, unemployment decreases, and more parents reenter the workforce. Education-based child care businesses, such as Primrose Schools, are expected to grow even faster than the overall day care market.
Between 2010 and 2012, Primrose Schools experienced strong revenue growth and is up nearly 50 percent in new franchise awards year over year. Nearly one in four Franchise Owners owns multiple schools (an industry high).
With more than 275 independently owned and operated schools now in 19 states, Primrose Schools is on pace to open its 300th school in 2014 and its 500th school by 2020. For the complete article go to http://www.prnewswire.com/news-releases/primrose-schools-reports-record-2013-system-revenue-as-it-expands-coast-to-coast-with-first-primrose-california-preschool-244890411.html.