Children's Franchises happen to be one of the consistently well-performing UK business sectors
Wide profit margins, flexible working schedule and stress-free work environment mean that children's franchises have been extremely popular with investors. Given the range of choices available, franchise4u's exclusive Franchise Directory becomes an invaluable asset for franchisees looking to invest. The Franchise Directory compiles a list of the best children's franchises for 2019, complemented by new features such as bespoke star ratings, verified reviews from real franchisees and enhanced franchisor profiles.
A common characteristic of such businesses is the heavy reliance of their business model on expansion. The only revenue stream they have depends upon acquiring new customers on a regular basis, and hence, the businesses are often eager to franchise their operations in new locations, territories and markets.
A close to 19% share of the UK population consists of children aged less than 15. This comes down to a potential market size of nearly 11 million, the first positive sign as far as children's franchises are concerned. An average UK family spends £200-£250 on their child's afterschool activities (the most important target market for children's franchises). When looked at together, these numbers convey that there is no dearth of market demand for the right product/service. This point is best illustrated by understanding the success of niche franchise businesses such as art classes, sports coaching and academic tuitions.
The minimum initial investment required to get started with a children's franchise is typically less than £15,000. More established, popular and brand-savvy franchisors may require you to invest more than £25,000 upfront, especially in 'hot' urban territories.
Experts estimate that the breakeven period for well-run and managed businesses in this sector is usually shorter than 18 months. The common revenue model is subscription based, thereby implying that efficient, cost-effective marketing is the key to success.
Franchisees who have prior experience in sales, marketing and management may find it easier to make children's franchises succeed. The franchisor's contributions typically involve knowledge transfer, marketing assistance, business launch support, ongoing customer service, branding materials, full training and customer service.
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