FranNet, a national franchise consulting firm that helps corporate workers transition to franchise ownership, has seen a sharp increase in openings of new child education franchises.
“Child-focused franchises that specialize in extracurricular offerings such as computer classes, tutoring, art instruction and physical activities, including karate, are hot and getting hotter,” said Jania Bailey, President of FranNet. “In 2008 and 2009, home health care franchises were the most popular and in late 2010 and throughout 2011, child service franchises have become our most popular.”
This sector has emerged as a success story of the post-recession economy, a trend the Franchise Business Review documented in a recent research report.
“Parents will do whatever it takes to make sure their children succeed. With cuts to extracurricular programs, parents are searching for alternatives to enrich their children’s time after school,” said Bailey. “More than ever parents want to give their children an academic leg up, and that often means additional tutoring.”