Child care-related franchising is hot-and has been for several years. No wonder: the continuing trend of working mothers, as reflected in U.S. Census data. In 2003, about 65 percent of mothers with at least one child under age six worked year-round, compared with 56.8 percent in 1993. More than 70 percent of single mothers have jobs outside the home, and 59 percent of mothers with children under one year of age work outside the home. Furthermore, with rising birth trends showing about four million babies are born every year in the U.S., the population of children under age five is expected to grow from almost 19 million today to more than 21 million in 2015, and close to 30 million in 2050.
“The U.S. child care market is very highly fragmented, with the largest player holding only three percent of the market. This means there is tremendous growth potential for companies to expand their customer base,” explains Steve Blahunka, Learning Care Group vice president of franchise operations. Some of those franchises providing child care solutions are Tutor Time, The Learning Experience, Kiddie Academy, Children’s Lighthouse, and the Primrose School, among others.
danakeith on July 10th, 2008 at 12:18 am
yes, really a big possibility that it gonna expand, for numbers of population growing up.