Quality early childhood education will be more accessible to families in major U.S. markets as Primrose Schools opens its first preschools in Chicago, New Jersey, Washington D.C., Philadelphia and Boston. In addition to 12 schools under development in these key new markets, the educational child care franchise with 231 schools announced today that plans are also already underway to identify franchise candidates to open locations throughout California, Washington and Oregon.
Primrose executives cite the company’s long history of strong loan performance by Franchisees, growing demand for quality educational child care, and unparalleled education/business delivery model allowing the company to achieve its goals of entering these new major markets in the U.S. Since the Wall Street Journal named the Primrose Franchise System among the top loan performers in 2008, the company has continued to experience a higher number of loans and larger dollar value when compared to its competitors. Primrose Franchise System continues to have one of the lowest default rates in the industry.
The company also set itself apart from the competition with a recently released report indicating that Primrose students are well-prepared for school – more than 90 percent of Primrose students mastered 80 percent of the school readiness concepts outlined by nationally-recognized Bracken Assessment.