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Owning a school franchise has its pros and cons. Compare opportunities like preschool franchises with other businesses that allow you to make an impact.
Despite federal and state efforts to improve U.S. education, reading and math proficiency continue to drop. According to the most recent research by the National Center for Education Statistics, only 33% of all fourth graders achieved proficiency in reading on national tests in 2022, down from 35% in 2019. And math proficiency dropped 5% since 2019.
Education shortcomings are paving the way for school franchises to help provide enrichment and tutoring services to kids falling behind. These businesses offer an option for parents seeking an alternative or supplement to traditional schooling. Whether they provide after-school care or STEM extracurricular activities, education franchises fill a gap in services for our nation’s youth.
If you’re considering opening an education franchise, we’ve got some opportunities enabling you to combine your dedication to children and business acumen to help kids in your community.
- Preschool franchises: The number of dual-income families is growing. Women and men earn the same amount of money in 29% of families, and only 55% of men are the primary or sole breadwinners, according to a study conducted by Pew Research. Dual-income families are turning to daycare and early childhood education to provide high-quality childcare.
- Tutoring: While schools offer extra tutoring for struggling children, only one out of 10 kids receive 30-minute tutoring sessions three or more times per week. Franchises like Kumon, Mathnasium, and Huntington Learning Center help students grow academically through personalized, private tutoring sessions.
- STEM education: Franchises specializing in science, technology, engineering, and mathematics (STEM) education use these topics to foster curiosity, creativity, and communication. The U.S. Bureau of Labor Statistics estimates that STEM jobs will rise 10.8% between 2022 and 2032. Franchises catering to these activities can help set kids up for future success.
- Art and music education: According to Education Week, the amount of time teachers spend preparing children for state-mandated testing is growing, leaving less time for the arts. To supplement academic rigor, parents are searching for artistic outlets to give kids the opportunity to have a well-rounded education. Art and music education franchises like School of Rock or KidzArt give kids an opportunity to showcase their creative flair outside of the classroom.
- Events-based fundraising: An events-based fundraising franchise is not a traditional education franchise. Events-based fundraising franchises, like Apex Leadership Company, offer enrichment programs for elementary and middle school students designed to help raise money for necessary services at schools.
While owning an education franchise can be rewarding, it does come with challenges. Education franchises, particularly preschool franchises and daycares, require extensive licensing and insurance. Complying with guidelines can be time-consuming and costly. They also require a high initial investment and prime real estate. The quality of your services is highly dependent on the reputation of your staff and recruiting and retaining top talent in a competitive market is difficult.
Certain education franchises can be limiting if you want to open a business to gain autonomy and work-life balance. Your customers typically attend traditional school during the day, meaning you have to run your business in the evening and on weekends.
Apex: A Family-Friendly Education Franchise
Apex is an event-based fundraising business designed to help improve the quality of education for children in communities across the country. We offer character-building leadership and fitness programming at elementary and secondary schools. Our hassle-free fundraising model relies on a technological platform to streamline the fundraising process, making it easier for families and schools to achieve their financial goals.
If you’re looking for flexibility and work-life balance, Apex has remote franchise opportunities. As part of our work-from-home model, franchisees conduct administrative tasks from a home office and hold events on-site at local schools. With a low initial investment ranging from $81,000 to $117,000, our franchisees get to open a business with a proven brand, training, and ongoing support without the high overhead costs of a traditional education franchise. Our locations also generate positive unit economics* and require minimal staff.
To learn more about the benefits of opening a franchise designed to make a positive impact on the education of children in your community, request information from Apex today.
*See our latest FDD for details.