Don't Forget the Kids Franchise
Don't Forget the Kids Franchise
There has been a good deal of attention focused on franchises that serve the ever growing senior market and you can include me among those writing about this topic. In fact, recent data from the U.S. Census Bureau reports 38 million seniors over 65 years old. However, at the opposite end of the spectrum is the market for children's products and services. The same census data shows that children under 18 years old total 73.5 million. Of this total number, 24.5 million are under six years old and almost 24 million are in the six to eleven year old group.
It's often been said that "There are two things people will spend lots of money on kids and pets." From art classes to tutoring services, franchises that serve the market for children below 18 years of age is large.
There are a number of reasons why the children's market will continue to grow:
Cash strapped school systems will continue to reduce athletic and after school programs
The possibility of these programs being restored to previous levels after a recovery are low
The sheer size of the U.S. population alone will lead to continued growth in the children's market
The U.S. birth rate is much higher than Europe and Japan, due in great part to the number of U.S. immigrants.
Here is my list of some top children's franchises:
Gymboree Play & Music is top rated children's by a numberofsources. Investment level will depend on whether you open a full Play and Music center or a Gymboree Metro Play Center. The range will be from $126,000 - $270,950. I have a personal bias towards Gymboree since my daughter just enrolled our six month old grandson in their program.
Stretch-n-Grow was founded in 1992. Stretch-n-Grow franchises provide fitness programs including after-school sessions and parties... The classes are typically taught at locations such as community centers, grade schools, day-care facilities and other community service locations. It's a home based franchise with an estimated start-up investment of $23,700, which includes a franchise fee of $22,600. There is a fixed ongoing royalty fee of $150 per month.
Kumon Math and Reading Centers is a giant in thetutoring or supplemental education sector that reports over 26,000 locations. That adds up to a great deal of brand recognition. The start-up costs of $33,000-$131,000 are reasonable.
Once Upon a Child sells new and used kids clothing, toys and furniture. From its over 200 franchise locations this franchise provides a worthwhile service by selling these used items. The investment ranges from $170,000 to $264,000 and has a modest 5% royalty fee.
Learning Express features retail stores that sell unique toys which are focused on fun and inspiring creativity in children. The objective of the Learning Express concept is to foster the intellectual and physical development of children. The total investment for a franchise ranges from $199,000 to $345,000.
These are just a few of the franchise opportunities that are geared towards the children's market. As always be sure that you perform comprehensive due diligence on any franchise you pursue and be sure to utilize the services of competent financial and legal advice. FranchiseKnowHow is not recommending any specific franchises. Medication In Tap Water - Are They Safe For Your Children Does Your Child Have Atopic Eczema Do You Think Your Child May Have Aspergers? How to Help Your Teenager at a Private Drug Treatment Center Child Plush Adult Mascot Costume, Bear Mascot Costume How Do I Get My Wife Back? We Have Kids - 5 Tips For What To Do Next Foreign Adoption Agencies: Encouraging Couples To Foster Special Kids Medela Breast Pump Review : Learn RegardingThe Best Tools In Child Care How to find the best day care for your child in Newburgh, NY A pet isn't the cause of your child's allergies Buying Children's Toys For The Holiday Season Tips For Teens And Responsible Dating Dating Recommendation For Newly Divorced Girls 7 Tips to Set Your Kids on the Path to Riches—Part One