Is Child Care the Right Choice for Low Cost Franchise Opportunities?
Just about any parent has imagined buying a daycare franchise the first time they find out how much tuition. Depending on the age of the child and the location, it can cost $400 a week or more to send a child to daycare. However, just because the tuition is high does not mean that this is necessarily the cash cow you think it is when looking at low-cost franchise opportunities, especially compared to something in the pet industry.
The Cost of a Child Care Franchise
If you think of low-cost franchise opportunities and child care comes to your mind first, then it can be helpful to look at some of the startup costs for these companies. Unfortunately, some of these companies only show their franchise fee in the price for a startup. While this is a definite cost you will face, it is not a complete look at everything you will be paying for. This can mislead a hopeful franchise into thinking child care franchises are low-cost franchise opportunities. When you look at the overall costs of the business to start up, even the lowest amount you will find will be over $300,000. This is not what most people would consider low-cost franchise opportunities.
Other Issues to Consider with Child Care Franchises
Even if you can get past the fact that these are not low-cost franchise opportunities because you love kids and want to bring in the income that these franchises command, there are still other issues that you will have to overcome. To start with, this is not a business for the absentee owner, as a good majority of franchises in the childcare industry do not allow this. Another thing to think about is the high amount of regulations and certifications that are placed on this industry simply because you are caring for small children. Along these same lines, you will also have to be careful with the staff you hire for the business.
The Final Verdict on Child Care Franchises
If you are looking for low-cost franchise opportunities, then this simply is not the industry you should look into. The costs can be in the millions of dollars just to start. While there is a great potential for income, the startup costs can be a hindrance for many people. For those who want to find low-cost franchise opportunities that will be fun and have an excellent potential for revenue, then Splash and Dash Groomerie & Boutique pet franchise is the perfect opportunity as the pet industry is booming.