This has always been a popular business opportunity in the UK. People are happy to splash their cash when it comes to their children, whether it’s their son’s or daughter’s birthday party or whether their child needs some extra assistance to get them up to scratch in their schoolwork. One of the main advantages of entering into a child related franchise opportunity is that they generally require fewer materials, which helps to keep the overheads down, making significant margins for you. There is now a wide choice of child related franchise opportunities out there, so we’ve taken a look at some of the most popular options available.
The Different Types of Children Franchises
We now live in a society where we are able to recognise many learning challenges or difficulties very soon, like dyslexia or dyscalculia, and research in these areas means parents can receive the extra help that their child needs. The need to access this help privately is due to grow as schools’ budgets are cut and class sizes swell, limiting the amount of one-on-one time pupils have with their teacher. One of the biggest benefits of tutoring franchises is that the initial investment capital you will require is modest.
Children’s parties franchises have been increasing in popularity as well as average spend. For a long time, parents have hired help, such as clowns, magicians and bouncy castles, to make their child’s birthday the talk of the playground, but there are plenty of other opportunities in this area too. For birthday parties with considerable budgets, it is becoming usual to hire a party planner to help manage the event. This is also an industry where the start-up investment sum is fairly small.
As with academic tutoring, parents want the best for their children and they are happy to pay to ensure that their child is reaching their full potential. This is an extremely exciting opportunity as you could be working with future athletes and Olympians. The opportunities in this sector are vast, from karate, swimming, kayaking, horse riding and hockey to judo, football, rugby and gymnastics. You will need to be dedicated to ensuring that your students become the best that they can be and you will need to stay up to date with the latest sports and coaching news. If you have a history in sport and have a few heartfelt stories to tell to your students and their parents, then this could be the opportunity for you. As with academic tutoring, the start-up investment sum you will need is also modest.
Personalising and Customising
No parent could deny the joy a child gets from seeing their name embroidered on to their school bag, dressing gown or book bag and parents are willing to pay for this service. This industry seems to have exploded off the back of the bear and stuffed toy building businesses which were all over the high street a few years ago. This type of business could also go hand-in-hand with a party-organising company, for example providing personalised t-shirts for children’s’ birthday parties.. The investment costs remain low for this opportunity too.
Baby Supplies Franchises
When people announce their pregnancy to their friends and family it is a long-accepted custom that they will receive gifts from them to welcome the baby to their family. Baby showers are becoming increasingly popular as they have been in the US for some time. People also tend to pay a premium price when buying gifts for friends or family welcoming a baby. There is a higher investment start-up cost for this type of business; however, the profit margins are significant so you could generate a considerable profit. You can also expect to see a strong client base of repeat customers if you provide good customer service and quality products.
Health and Fitness Franchises
There are so many health and fitness activities for babies and children nowadays, from baby yoga to water baby aerobics. There’s a great deal of attention in the press on how infant obesity can lead to catastrophic problems in adulthood which has led to an increase in health and fitness activities and classes aimed at babies and children As with the majority of these opportunities, you will need to have up-to-date DBS checks as well as the relevant training and certification. You will also need to ensure that all of the children and infants are supervised constantly. You will need a slightly more sizable investment sum to set up in this line of business because of the equipment required to get the business off the ground. However, once you have set up, if you are providing good customer service which prides itself on health and safety, you could develop a reliable, regular client base.
Music Tutoring Franchises
Finally, music tutoring could be the opportunity for music lovers with an entrepreneurial flare. Providing private or small group music lessons can lead to a strong client base of regulars. You will also thrive on word of mouth if you demonstrate to your students’ parents that you are dedicated to ensuring that your students maximise their potential. As with the other types of coaching and tutoring options, this is an industry which could be likely to boom due to the school cuts and increase in school sizes. You will need to be able to play a number of instruments, or hire staff that can. However, the initial outlay capital remains low.