Deciding to start a preschool franchise is a significant and rewarding venture, that requires careful consideration and preparation. If you are passionate about early childhood education and committed to creating a nurturing learning environment for young children, this could be a great career move. Owning a preschool franchise allows you to make a positive impact on the lives of children and their families. However, starting an independent daycare business can be costly. It also comes with responsibilities such as ensuring high standards of care, adhering to regulations, and managing a team of educators, all of which can be overwhelming if you’re new to the industry.
You can allay these concerns when you start a preschool franchise. A franchise means you have a trusted brand behind you and all the support you need to get your business off the ground and help it grow. Moreover, the operational and marketing aspects of running a preschool franchise are easier to handle when you invest in a franchise rather than starting a daycare business from the ground up. Ultimately, before you make a decision, you need to evaluate the initial investment, ongoing costs, and potential revenue streams. Let’s take a look at Miracles & Beyond Learning Academy, one of the best preschool franchises in the U.S.
Daycare Franchise Cost With Miracles & Beyond Learning
When it comes to daycare franchise costs, franchise fees can vary widely within the child daycare industry, with initial franchise fees being anywhere from $50,000 to $135,000. When you invest in Miracles & Beyond Learning, you are getting a high-quality franchise for an affordable price. Here is a breakdown of the franchise fees:
- Initial franchise fee: $50,000
- Site selection fee: $10,000
- Training fee: $10,000
The total amount of $70,000 will be due upon signing the franchise agreement. There will be ongoing fees for royalties, advertising and marketing, and student grant fees.
Education That Matters With Revenue Streams You Can Rely On
At Miracles & Beyond, we are committed to providing a hands-on learning experience that moves away from today’s technological world to teach children the basics about life, love, and the world around them. But that’s not all, we want every parent in our community to have access to our services regardless of their economic background. To this aim, we reach to out and support financially challenged families by accepting Publicly Funded Child Care (PFCC) vouchers and participating actively in community partnerships.
Not only does this demonstrate our dedication to individual child development and contributing to the broader community’s well-being, but it also means that as a franchise owner, you can rest assured that your childcare fees will arrive on time each payment period. It also means that you will not be in competition with private paying daycare centers in your territory.
Five Financial Reasons To Become A Miracles & Beyond Franchise Owner
Here are five reasons why now is a great time to start a preschool franchise:
- Lower investment cost: Initial daycare franchise costs are typically lower than starting a daycare center from scratch. Not to mention the fact that you get full training and ongoing help and support.
- High demand: The fact that more parents are working, combined with the recognition that, early childhood education is important for child development means that there is an increasing demand for quality childcare.
- Market growth: The children’s care services market size is estimated to grow by USD 158.67 billion at a compound annual growth rate (CAGR) of 8.69% between 2023 and 2028. The Childcare Franchise Market is projected to grow significantly at a remarkable CAGR from 2023 to 2030.
- Revenue diversification: The best preschool franchises increase their revenue by offering additional services such as enrichment programs, after-school programs, and summer camps. This makes your daycare center appeal to a wider range of families.
- Financial security: Childcare franchises remain crucial, even during economic downturns. Being part of a recession-proof industry like childcare ensures job security and financial stability. With more than 53% of U.S. households being dual-income, the demand for early childcare remains consistently strong.
Are You Ready To Start A Preschool Franchise?
Hopefully, we have answered “how much does it cost to start a daycare?” and you can see that becoming a Miracles & Beyond franchise owner is a great investment. Miracles & Beyond Learning Academy stands out in early childhood education because we provide early childhood enrichment in a safe and comfortable environment. If you’re ready to join us in a successful partnership, reach out to us to find out more about our franchise opportunities.
