growing franchise trends
Considering the idea of investing in a business? Think franchise.
Owning a franchise is one of the easiest ways to kickstart a business. Over the last couple of years, franchising has grown in popularity and this growth can be partly attributed to the safe nature of a franchise investment.
An advantage to owning a franchise versus starting your business from is the fact that you are buying into a business with a proven business model, market share and the availability of business support services such as training and market resources.
However, when considering a franchise, it is important to look into businesses that have proven over time to be recession-proof.
Giggles was started during The Great Recession, which officially lasted from December 2007 to June 2009 (We opened our flagship center in February of 2008). In today’s America, recession-proof franchises, particularly those that cater to the needs of the millennial generations, are the way to go to.
the childcare industry
For the past 5 years, the day care industry has been experiencing a massive growth spurt. The industry has seen a climb in net profit margins from 3.1 percent to 9.9 percent between the years 2010 to 2014.
According to the U.S. Census Bureau, the cost of child day care services rose 70 percent between 1985 and 2011, to $143 per week. During roughly the same period, the Census Bureau estimates, the number of facilityies in the coutry increased to more than 766,000 from 262,000.
Sageworks says “If companies in the industry are able to continue to justify higher prices while maintaining the same cost structure, we could see profit margins in the industry rise even more.”
is strong in all the right places
We make a conscious choice to be strong in the things that matter the most. Because we focus so much on the quality of care we give to children, it creates a fanatical following. That fanatical following has translated to our success financially.
Our centers are impeccably clean so that translates to healthier staff and children. Parents love that, so they keep coming back.
28% Average Gross Profits
11 Years Experience
1,200,966 Hours Billed
15,266 Registered Families
360,346 Total Visits
…AND COUNTING …
…ARE YOU IN?!? …