The United States is one of the most educated countries in the world, ranking in the top 12. With just a little more than half of the population having a tertiary education—or the highest level of education—there is certainly a hungry market for education and training across the country. As far as business opportunities go, education and training can cast a wide net of potential consumers or a niche audience—from children to adults and from specific sports to education only.
Let’s take a look at the potentially lucrative education franchises sector and its sister industry in training franchises.
Growing Market
With such an academically trained population, it’s no surprise education is a powerful money-making market. According to IBISWorld, educational services in the U.S. have a market size of $2 trillion with more than 15 million people employed. The same report shows a CAGR of 3.8% over the last five years alone. In addition, IBISWorld finds child education and developmental center franchises have a market size of $4 billion with just more than 3,000 businesses in the industry.
Needless to say, the industry is seeing growth and demand. The wide market has the ability to grow with population and keep customers for many years depending on the area the education franchises focus on. Some of the most popular education and training franchises are in these areas:
- Tutoring
- Business Coaching
- Sales and Management Training
- Early Education
- Children’s Fitness
Each one of these sectors within education and training has the ability to cash in on America’s thirst for knowledge, fitness and business acumen.
Money to be Made
Depending on which branch of education franchises you want to delve into can result in different money-making opportunities. For example, data from ZipRecruiter shows business coaches can make up to $156,500 per year. Meanwhile, some of the top-earning childcare franchises can have earnings before interest, taxes, depreciation and amortization (EBITDA) of more than $300,000, according to a Franchise Business Review article.
The childcare industry is one of the most needed and crucial sectors in the country today. Whether it's children's fitness, education programs or somewhere in between, parents are desperate to find trustworthy places for their children while they work. On average, U.S. parents spend more than $10,000 a year on childcare for a single child. Childcare costs have also greatly outpaced inflation, increasing by 220% since 1990.
Education and training are important to keep current and future workers, employers and change-makers sharp.
Education & Training Franchise Opportunities
Education franchises can help fill a childcare gap and ensure children are learning what they need to, while still being a lucrative business opportunity. Education does not stop in childhood and training franchises help adults stay sharp and learn new skills. There are numerous education and training franchise opportunities for entrepreneurs to get started in. Your franchise fee covers training and ongoing support, a proven business model, and a full team behind you.
