Parents from all backgrounds across all U.S. states are involved in one of the longest lasting aspects of parenting: promoting the best possible educational experience for their children. This aspect of parenting endures for many years and involves in-home support as well as external guidance when and where necessary.
One force that interferes with the availability of a varied education is the reduction of available spending for schools in districts across the country. This means that many children today are offered access to select subjects only and attempts to include additional subjects with regular schooling courses requires that parents seek out services offered by numerous education and tutoring franchises.
To help fill this gap, numerous education franchises are stepping in for families to provide access to subjects such as music, art, dance, technology, and driving, to name a few. Parents are looking ahead more and more for their children’s sake by taking advantage of outside support to boost test scores for college entrance exams as well as tutoring services that help students stay engaged and successful with existing coursework.
Increased competition where university entrance requirements are concerned and a surge in applicants seeking college placements are also fueling growth across the industry. The private tutoring market is expected to jump beyond $103 billion by 2018 according to Bloomberg and IBISWorld predicts that tutoring and test preparation segments will lead the industry through 2019. These predictions highlight not only the demand for these services but the increasing availability of highly developed franchise businesses that effectively serve students of all age groups, from pre-school age ranges all the way up to adults beyond 40 seeking to expand their education.
Now available online for viewing is this year’s Child Education & Tutoring Report put together by Franchise Direct which reveals some of the key reasons for the continued expansion across the child education franchise segment, including an increased demand for quality education in conjunction with daycare services. The report addresses questions of potential franchisees, including comments on what franchisors in this segment look for in franchisees and what backgrounds and personality traits are well suited. A detailed initial investment breakdown and ongoing fee list for many established child education franchises are also included.