People buy into a franchise for a variety of different reasons. Sometimes it’s because they see it as a way to turn a hobby into a business, to be their own boss, or because they are business people and have identified it as a good investment.
However it is important to understand that the decision to buy a franchise isn’t only yours. Most good franchises are very particular over their franchisees and look for people with personal and business values similar to their own. After all, they trust you to fly the flag for their brand, which they themselves have spent many hard years building up.
So to make sure you are on the same wavelength as potential franchisors, and to help you decide whether owning a childcare franchise is the right decision for you, we have put together these three questions to ask yourself.
Why do you want to buy a childcare franchise?
As a childcare franchisee, you will need a bigger passion for the industry than just the love for your own children or because you enjoy kids. Whilst this is a great start, you will also need great business acumen, drive and a willingness to put in the hard yards.
Remember that you aren’t just offering parents a babysitter; you are providing a service that will educate and care for children during the most influential years of their life. Be passionate about that aspect of childcare and you are three quarters of the way to earning the trust of your franchisor.
How much money do you have to invest?
People are often surprised when they discover how much it costs to own a childcare franchise, and that is usually because they don’t realise they aren’t just buying the rights to brand.
A childcare franchise is probably one of the more ‘value for money’ businesses you can invest in. And we aren’t just talking about potential profits.
With any good franchise, you are usually buying a tried and tested business model and a team of experts who will assist you every step of the way. From site selection, lease negotiation, and council and DECS approvals -through to ongoing training and review, marketing, individual education programs and childcare industry updates to keep you on top of new regulation and policies.
How involved can you be?
Some people buy a franchise and hope to continue to work full-time in a separate business. But most successful franchises are run by people who are directly involved in day-to-day business activities and who are willing to invest not only their money, but their time.
As you can imagine, running a childcare centre is a full-time job, so you will need to be prepared to put the hours in and take a hands on management approach to running your franchise.
Be part of Australia’s number one childcare franchise Since first opening in Bargo -southwest of Sydney- in 2005, Kids Korner has quickly grown into Australia’s number one childcare franchise and is today responsible for the care and early learning of more than 4000 children across Australia.
Kids Korner value people who are as passionate about their brand as they are, and who share their love for the industry and willingness to work hard to maintain and grow the business image Kids Korner is currently looking for potential franchisees who share their view on all of the above, who love children and want to take the next step in their career.
If this sounds like you and you would like to learn more about Kids Korner and why it is Australia’s
most trusted childcare franchise, click here.