Fort Worth, TX – Childcare is one of the most important and rapidly growing industries in the United States. In 2019, the childcare industry was valued at $54.3 billion. With the number of working mothers increasing yearly, the demand for childcare services is also rising. It is projected that by 2027, the childcare industry will grow by 3.9% annually. Getting in on the ground floor of this rapidly growing industry can be a wise investment. But, how can an investor get started? The answer is Children’s Lighthouse.
Founded in 1997, Children’s Lighthouse is an early childhood education franchise that offers a unique franchise opportunity with best-in-class support and guidance. By the end of the 2021 calendar year, the daycare franchise had over 80 schools open or in development across the United States. That same year, their average gross revenue was $1,507,797. And, with a 0% SBA loan default rate, investing in a Children’s Lighthouse franchise is a low-risk investment.
The total start-up cost ranges from $4,270,225 to $6,314,588. The cost depends on the size, location, and how long it takes to start operating. It includes an initial franchise fee of $75,000 that grants the franchisee access to processes, strategies, and the Children’s Lighthouse brand name. Access to the Children’s Lighthouse name makes it easier for franchisees to obtain a loan for their new franchise.
Franchisees are required to make a monthly payment of 3.5% of their school’s gross revenue for the first 6 months after opening their franchise. After that, the monthly fee increases to 7%. In addition, franchisees will need to invest in advertising each month to cover local advertising as well as contribute to the Advertising Fund, which will be used to pay for the development of new programs and processes, advertising, and marketing strategies that need to be implemented without delay. Typical monthly expenses such as rent/mortgage payment, payroll, utilities, insurance, food supplies, and classroom materials will also need to be considered when budgeting for a Children’s Lighthouse franchise.
The financial requirements are a liquid assets range of $700,000 and a net worth of $1,000,000. These requirements can be attained individually, with partners, family members, or through a group of accredited investors. Home equity and current/former employer retirement accounts can also be used to help meet the financial requirements.
Comprehensive training and support are provided to franchisees to help them get their business up and running. The training covers all aspects of running a Children’s Lighthouse franchise, including curriculum and business model. Once the franchisee has completed their initial training, they will have access to an extensive library of ongoing training materials. They will also have unlimited phone, text, email, and face-to-face support from their Franchise Business Coach.
Children’s Lighthouse is located at 101 South Jennings Avenue Suite 306, Fort Worth, TX, 76104, US. To schedule an appointment, contact their team at 888-338-4466. For more information regarding services offered, head to the Children’s Lighthouse website.
Media Contact
Company Name
Childrens Lighthouse
Contact Name
Stephen Dixon
Phone
888-338-4466
Address
101 South Jennings Avenue Suite 306
City
Fort Worth
State
TX
Postal Code
76104
Country
United States
Website
https://www.childrenslighthousefranchise.com/
COMTEX_417374940/2737/2022-10-25T10:55:11