It’s no secret that the market for children’s services and products is massive. Just think about it; there are about 74 million children in the United States. This is almost a quarter of the US population. And this number is expected to grow to over 80 million by 2030.
And it’s not only this number that is rising. Spending on kids is too. Here, it’s estimated that parents will spend around $170,000 to $400,000 on a child from birth to 18. This is mainly because people now have children later in life at a time when they’re more financially stable. As a result, they’re able to spend more on their children.
What this all boils down to is that now is an excellent time to open a kid-friendly franchise. But here’s the thing, there are so many kid-friendly franchises available that it can be complicated to choose the right one. All of them offer different things for kids, require different levels of investment, and offer varying returns on investment.
Here, we’ll look at some of the top kid-friendly franchises in more detail.
Kidcreate improves the lives of children while making a difference in their communities. Feeling fulfilled is easy when you’re positively impacting the world… and your bank account!
Partner with organizations united in the fight against the decline of art education, and you can become a well-respected voice of change as the face of your local Kidcreate Studio.
Kidcreate offers two unique business models that have the ability to bring our highly sought-after curriculum to child-friendly businesses and consumers in the community with our mobile studio business, as well as the option to offer classes and camps in a beautiful brick & mortar studio location. If you prefer, you can start with the mobile studio business and add a physical brick & mortar studio option later!
With the ability to open locations in as little as 60 days, you can grow your Kidcreate Studio empire to encompass the entire region with multiple units or stick to a single location in your neighborhood- as a Franchise Owner, it’s up to you!
Kidcreate Studio is a one-of-a-kind experiential business that cannot be replicated by the online giants. Kidcreate Studio has thrived during the 2008/09 economic crisis and now COVID-19. You’ll sleep soundly knowing your new business is proven to be recession-resistant
With the mobile studio model, you can start generating revenues from your business almost immediately. Ongoing overhead costs are kept extremely low for impressive profit margins. The ability to add a brick & mortar studio creates additional revenue streams and cross-marketing potential.
WHAT IT COSTS
The total investment required for a mobile studio ranges from $64,765 to $95,490. This amount includes the initial franchise fee of $45,000. For a brick-and-mortar studio, the total investment required ranges from $110,705 to $266,270. Like with the mobile studio, this amount includes the initial franchise fee of $45,000.
EARNING POTENTIAL
For Franchise Owners, doing something they love and giving back to the kids in their community are highly rewarding aspects of owning a Kidcreate Studio, but making money is important too.
With its flexible business model that allows Franchise Owners to either own a mobile studio, a brick-and-mortar studio, or a combination of the two, they are well-positioned with several revenue streams and a high earning potential.
For example, the earning potential for a studio is $466,044*.
*Numbers obtained from our 2020 FDD
BENEFITS TO FRANCHISE OWNERS
At Kidcreate Studio, we provide our Franchise Owners with the following:
TRAINING
Our initial training program, Kidcreate Academy, includes a 100-hour combination of self-study, classroom training, and on-the-job instruction to prepare Owners to open the doors to their studios.
REAL ESTATE
Our real estate team helps our soon-to-be Brick and Mortar Studio Owner to find the best possible studio location! Once that perfect space is determined, our real estate team will help you negotiate and sign a lease agreement.
CONSTRUCTION
Once a Brick and Mortar Studio’s lease is signed, our architects will design your space and create a set of architectural plans! Next up, our construction management team will step in and lead you through the bidding process and help determine which general contractor is a good fit for your studio’s buildout.
CURRICULUM
In addition to our massive curriculum library, our Direct of Curriculum is always creating new and exciting lesson plans. This ensures that we remain current with industry trends and are offering art classes that get the kids excited about signing up for Kidcreate classes again and again!
STUDIO OPERATIONS
Work with your designated Franchise Support Specialist to learn how to run your new business. Then refine and improve your operations with ongoing coaching sessions.
MARKETING
Your Marketing Specialist will provide one-on-one ongoing assistance with local marketing programs and advertising materials/sales aids specifically designed for Franchise Owners to use to promote their business.
Pigtails & Crewcuts put the fun into having a haircut. It offers an enjoyable, stress-free haircutting experience for the whole family. In addition to its hair cutting and styling services, it also offers its own custom line of hair products and a private party room for birthday parties or special celebrations.
This is an especially thriving industry, and it’s estimated that approximately $5 billion is spent in the children’s hair care industry.
Some reasons to open a Pigtails & Crewcuts franchise include:
- Having a business that offers the best work-life balance possible.
- Being part of an organization that is honest, fair, and known for its integrity.
- Being part of the local community.
WHAT IT COSTS
Pigtails & Crewcuts offers three levels of franchise fee pricing. For a single unit, the franchise fee is $30,000. This is an excellent choice for Franchise Owners who want to start slow or for people looking to invest in a business during their retirement.
For three units, the franchise fee is $67,500. This option includes a larger protected territory and a clear development schedule. Finally, for five units, the franchise fee is $100,000. This is an excellent choice for Franchise Owners who want to invest in a multi-unit business with a larger territory and a clear development schedule.
Based on the above, the total investment required varies from $98,750 to $250,250. In addition, a net worth of $250,000 is needed, and prospective Franchise Owners should have liquid capital available in the amount of $100,000.
EARNING POTENTIAL
The earning potential of a Pigtails & Crewcuts franchise depends, like with many other franchise opportunities, on the location, the local demand, and how many units a Franchise Owner owns.
Considering the size of the industry and the fact that the franchise targets a market with over 11.5 million customers, there is excellent earning potential.
BENEFITS TO FRANCHISE OWNERS
Pigtails & Crewcuts provide some of the following services to its Franchise Owners:
- Expert site election assistance and pre-opening support, including lease negotiation and design.
- Ongoing marketing and operational support, including regular meetings.
- Complete marketing and collateral package.
- Complete equipment and inventory startup package.
- Simple inventory distribution and maintenance system.
Young Chefs Academy is a children’s cooking school franchise. Its mission is to introduce and teach children the joy and value of cooking. It does this by providing children with an interactive learning experience that allows them to foster a lifelong love for cooking and the culinary arts.
By using cooking, it also teaches children to work independently and as a team in order to master new skills. It promises children a fun and rewarding opportunity for enrichment. For Franchise Owners, it promises a scalable and profitable business.
Some reasons to own a Young Chefs Academy franchise are:
- Teaching children the basics of cooking early in life that allows them to make healthier choices about nutrition throughout their lives.
- Providing children with the opportunity to learn hands-on cooking skills and collaboration.
- Giving children who are not athletically inclined an arena of their own while allowing them to build valuable skills.
WHAT IT COSTS
The total investment required to open a Young Chefs Academy franchise ranges from $95,300 to $183,900. The franchise fee ranges from $14,900 to $39,900. The franchisor requires that any investor have liquid capital of $75,000 and have a net worth of $200,000.
EARNING POTENTIAL
The franchise model of Young Chefs Academy is built around a membership platform where parents enroll their children in classes. The levels of these classes, depending on the child’s age, are KinderCooks®, JuniorChefs™, and SeniorChefs™.
In addition, it also offers camps, workshops, birthday parties, and adult workshops. These are all revenue-generating opportunities. The ultimate earning potential of the franchise depends on the size of facility the franchise owner opens, the number of facilities, and which programs they offer.
BENEFITS TO FRANCHISE OWNERS
Young Chefs Academy offers the following services to each Franchise Owners:
- Onboarding of new Franchise Owners.
- Marketing training.
- Back-office training and support.
- Curriculum development.
Drama Kids International offers live drama classes as well as online acting classes, theater classes, and summer camp programs. These classes are taught to children of all ages and are all offered in communities nationwide.
Its drama programs give children a fun-filled experience and develop confidence, self-esteem, creative thinking, public speaking skills, acting abilities, and leadership and teamwork abilities.
Some reasons to own a Drama Kids International franchise are:
- Teaching children valuable life skills, like confidence and self-esteem.
- Having a home-based franchise that offers a very low-cost structure to Franchise Owners.
- Full training in all aspects of the business.
- Having the advantage of using Drama Kids’ established trade names and logos as well as an effective marketing fund that’s used to develop the brand.
WHAT IT COSTS
Drama Kids International is one of the top low investment franchise opportunities. The initial franchise fee for one of their standard territories is $27,500. In addition to the franchise fee, an additional investment of between $6300 and $16,000 is required for expenses like travel, insurance, office setup, and initial marketing and advertising expenses.
Keep in mind, though, that these are just estimates and that the actual investment might vary depending on various factors.
EARNING POTENTIAL
The earning potential for a Drama Kids International franchise varies based on location, size of the territory, and the number of students.
BENEFITS TO FRANCHISE OWNERS
Drama Kids International provides the following to Franchise Owners:
- Full curriculum
- Support and training, including educational materials, marketing materials, support visits, and business coaching.
Little Medical School focuses on providing children with hands-on interactive activities and exercises that promote careers in healthcare. It brings medicine, science, and the importance of health to children in a fun and entertaining way.
It offers after-school programs, summer camps, birthday parties, preschool activities, boy scouts, and special events. It’s important to note that Franchise Owners do not need to have any medical or teaching background.
Some reasons to own a Little Medical School franchise are:
- The opportunity to work with educators, healthcare leaders, and community organizations.
- Promoting a healthy lifestyle and knowledge about how the body works to children.
- Teaching children about careers in healthcare.
- Creating opportunities for high school, college, and graduate students to serve as instructed in the program and connect with their community.
- Having a profitable home-based business that requires very little startup costs.
WHAT IT COSTS
The initial franchise fee for owning a little medical school franchise is $24,500. In addition, there is an equipment and curriculum package of $13,100. The minimum cash required is $50,000, and the total investment then comes to $37,600 to $42,600.
EARNING POTENTIAL
The earning potential for a Little Medical School franchise depends on a number of variables. These can include the local demand for its services, its location, and the number of products or services it sells.
Here, Little Medical School offers various revenue streams, including after-school programming, in-school field trips, summer camps, evening and weekend classes, birthday parties, and corporate events.
BENEFITS TO FRANCHISE OWNERS
Little Medical School provides its Franchise Owners with the following:
- Three days of training at its head office that covers the curriculum, marketing, hiring and training of instructors, technology tools, online registration, classroom management, and more.
- Continuous support, which includes speaking regularly with support staff.
- An annual convention where Franchise Owners can network and share best practices with their peers.