If you are considering buying a franchise in Florida, you probably already have looked a fast food, auto parts, and other traditional franchise opportunities.
But no industry has as bright a future and the opportunity for massive growth as early childhood education and child care. The reason why is simple: These types of franchise opportunities are focused on the future, not just the present.
Traditional franchises like fast food and others are already pretty saturated with existing population growth. How many more cheeseburgers or tires can you actually sell to people?
Early childhood education and day care franchise opportunities are different because they cater to current and future generations of consumers.
Invest in Florida — Business Is Booming
Currently, the child care industry is worth an estimated $58 billion. But that’s actually only the tip of the iceberg.
According to IBIS World, the child care industry will grow at an average rate of 4% over the next five years alone. And, it could increase at an even larger rate if current population and employment trends continue.
Invest in Florida — Staying Ahead of the Curve
Compare these numbers to the growth projections for traditional franchise sectors, such as fast food. Some economists actually forecast negative growth over the coming decades for fast food franchises as consumers become more careful about the types of food they eat.
Right now, an estimated 25 percent of all children are being raised in single-parent families. It may be a sign of the times, but that statistic also will have a huge impact on the future of the day care and early childhood education industry.
An estimated 64% of mothers who have preschool children are in a career that requires them to be out of the home during the daytime hours. While some parents may be able to rely on family members to help with their day care, an increasing number are turning to professional services.
Day care and early childhood education are poised to be among the most lucrative franchise opportunities of the next decade … and beyond!