Children's Franchise Industry Keeps Growing
-by Ed Teixeira
The old adage in business that "People will always spend money on kids and pets" is as true today as ever, especially when it comes to franchises geared to children. We reviewed children’s franchise programs over the past three years. The growth in the number of locations was strong in spite of the "Great Recession". In addition, approximately 20% of children’s franchises started after 2008 with a number of them having been in business for more than 5 years. This can be considered an indication of just how popular this franchise segment is.
2014 - Children's Services Report
- by Jeff Lefler, founder and CEO of FranchiseGrade
The children's services franchise sector is one of the fastest growing sectors within the franchise industry. From our Sample of 106 children's services franchise systems, this sector has seen franchised outlets increase by 12.1% since 2010. Children's services franchises are growing at more than three times the franchise industry average to 9,105 outlets in 2013. A variety of businesses provide services to children under the umbrella of Children’s Services franchises.
Why Children's Franchises Have Strong Growth
by Ed Teixeira, Franchise KnowHow
The Increase in the number of locations for all children's franchises averaged almost 8% growth over the past three years!