Do you want to start a daycare business by buying Kindercare tuition franchise? If YES, here is how much it cost to open a Kindercare tuition franchise.
KinderCare Learning Centers is an American operator of for-profit child care and early childhood education facilities. The child care facility was founded in 1969 by Perry Mendel, but the facility is currently owned by KinderCare Education.
The company provides educational programs for children from six weeks to 12 years old. Based on the number of facilities operated, the number of children served and their revenue, Kindercare is adjudged one of the largest child care businesses in the .
How Much It Cost to Open a Kindercare Tuition Franchise
Maybe because of the problems Kindercare encountered, they did not release so much figures regarding the operation and running of their business, including the acquiring of their franchise. But that notwithstanding, starting a childcare center can be profitable; however, the average start-up cost for one can range from $10,000 to $50,000, according to Entrepreneur.
A Kindercare franchise startup can range from $59,000 to $3 million. Cost estimates for this franchise depends greatly on the building you choose, but a typical example of a daycare center for 76 children in a building that needs renovation is $95,000. This varies according to location and the condition of the building.
How to Get a Kindercare Tuition Franchise
Like was said previously, Kindercare as a company are not too comfortable about revealing information concerning their activities. The child care facility prefers intending franchisees to get in contact with them directly if they have any inquiries.
But in all, there are general steps you have to follow to get yourself a child care franchise, and they are as follows;
- Getting acquainted with Kindercare
Kindercare as a company expects you to call them or send a mail if you want to be part of their system. At this time, the franchise facilitators will help answer any initial questions you may have and introduce you to their franchising process. This is how you get to set the ball rolling.
2. Time of discovery
After they have reviewed your application, they’ll begin an in-depth discovery process on you and your business intent. At this time, they’ll reveal to you about your support teams, review essential documents and complete franchise webinars to help educate you on everything from initial financing to daily operations.
3. Cooperate visits
After you complete the discovery process, you’ll be introduced to their headquarters and fellow franchisees. You will also meet with members of the leadership team.
4. Prepare to launch
If you have crossed through the stages mentioned above, then you must have been sure of your acceptance. At this point now, you will begin to select your site, go for the required training, secure financing, build your Academy and train your team. When you are through with this, then you are ready to open your business and start sourcing for your first kids.
A Brief Business Overview of Kindercare Tuition Franchise
In terms of size, KinderCare is the third-largest privately held company in the United states headquartered in Oregon, and the company’s executive leadership operates out of Portland. KinderCare Education employs approximately 30,000 people in the United States.
Following a rapid rise to prominence in the 1970s, the company, running on confidence and the economic indices of the time, began to diversify, incurring significant debt along the way that prompted its 1992 filing for bankruptcy. In April 1993, however, KinderCare emerged from bankruptcy and looked forward to renewed success.
They now decided to channel their focus solely on child care, but diversify to other niche markets including infant care and facilities for older children of working parents. By the end of that year, 1,165 KinderCare centers were operating in 39 states.