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If you’re searching for a highly lucrative business that’s also rewarding, owning a children’s franchise is a smart investment. This diverse industry features a wide variety of companies, including tutoring services, childcare centers, kid-based salons, clothing boutiques, play places, and many others. It’s also a thriving industry, so it’s likely to experience continued growth for many years.
Here at Pinnacle, we have experience within a wide range of franchise industries, which allows us to help our clients find the perfect opportunity for their needs. When it comes to child-based businesses, we help our clients pinpoint the best opportunities that offer the greatest return on investment.
Most parents want to give their children the very best in life. Accordingly, entrepreneurs who invest in child-focused businesses have access to a highly motivated customer base. Longevity is another key advantage of this industry, which means you can rest assured that your business will have staying power. And the diverse range ensures there is something for every brand preference, whether you’re interested in owning a retail store, daycare center, or sports training facility.
In terms of market growth, this industry is trending ever upward. The number of children in the U.S. is ever-increasing, and new generations of parents have proven more than willing to spend money on services and products their kids love. As a result, children’s franchise opportunities are fortified against market fluctuations that cause issues in other industries. As of 2021, 22.1% of the U.S. population was composed of children under 18. The number is projected to grow over the coming decades, which signals good things for the franchise industry.
According to Verified Market Research, home services are among the most lucrative franchise industries. When it comes to growth from 2019 to 2026, the industry is expected to expand by 35.81%. The US home service market is expected to reach $1.53 billion by 2027, growing at a CAGR of 17.9% from 2020 to 2027.
Furthermore, Technavio predicts that the global home services market will grow by $482.13 billion between 2020 and 2024. This growth is driven by several factors, including an increase in home ownership rates, an aging population requiring more home care services, and a growing demand for on-demand home services, according to Grand View Research.
These figures show an industry on the ascent, with no signs of stopping any time soon.
If you’re seeking to invest in a franchise opportunity and want a feeling of personal satisfaction from the business, it’s worth looking into a children’s franchise for sale. By aligning with an established brand with a proven record of success, you can better realize your entrepreneurial goals. You’ll also get to provide much-valued assistance to children and their parents, which is rewarding in its own right.
When it comes to the types of franchise brands we work with, Cookie Cutters Haircuts for Kids is a great example of an outstanding business model. As a children’s hair salon, this business offers an essential service to parents in a fun and child-friendly environment. For instance, it creates a playground environment within the store to ensure young customers clamor to return.
When you work with Pinnacle Franchise Development, you can rest assured that we’re in your corner. We want our clients to experience success, whether you’re a franchise owner or looking to invest in a thriving business. Please contact us today for more information.