Franchise Spotlight: Childcare
There are several innovative childcare franchises to consider in this growing market.
The future of Australia’s childcare industry looks bright and many franchises are poised to benefit.
Market research published in 2019 by Bankwest projected a 16.2% industry growth rate over the next five years, fueled by generous government funding, a growing population of under-12s, and rising female participation in the workforce.
Several franchise networks, with pedigree evidenced by longevity and national, even global expansion, meet this growing demand with curriculums designed to foster physical and cognitive development.
Franchise market analysis
Buying a childcare franchise generally requires a minimum investment of between $10,000-$500,000. In return, franchisees can often work flexible hours and receive support in IT, marketing, operations, compliance, business development and so on.
They and their team should receive training and support in delivering early learning curriculums and providing a safe, fun, enriching environment for their charges. Typically they also have regular interaction – whether virtually or through meet-ups, field visits or conferences – with mentors, support teams and franchisees.
Hence, aspiring franchisees rarely need experience in the childcare sector. Instead, a passion for children’s welfare and development, managerial experience, and a willingness to follow a proven formula is generally favored.
Preschool daycare is offered by Little Zak’s Academy, through early learning centres across Sydney, Explore & Develop, which offers “a calm, relaxed and unrushed environment for growing and learning”, and MindChamps, whose 3-Mind curriculum is based on over two decades of research.
Rockmybaby , a nanny and babysitting agency, promises low startup costs and has a global footprint having launched in 2009.
Other children’s franchises include Creation Station, a provider of arts and crafts classes for children of all ages, Young Engineers, which uses LEGO bricks to convey STEM fundamentals to children aged 4-15, and Algorithmics, a provider of fun, creative after-school programming and maths activities for children aged 5-17.