Written by Efranchisesale Staff Thursday, 24 March 2011 13:44
You’ve spent years dreaming about the day you would become your own boss, and you have done a lot of soul-searching to determine the type of business you would own. After months of market research and due diligence, you are finally ready to start your own daycare business. Buying a child day care franchise may not be the perfect business venture for everyone, but few people love to work with children as much as you do.
Starting a child day care franchise
Let’s face it; making a living isn’t the only reason people work. That’s why so many would-be entrepreneurs are buying a child day care franchise or a similar kids-oriented business. But even doing something you love this much is not without its challenges. As a child care franchise buyer, you will still be bound by the operational standards of the parent corporation, so it is important to do your homework before choosing a franchisor.
Here are a few of the major considerations to think about when you are buying a child day care franchise:
- Will the franchise organization assist you in site selection, or in finding a suitable location for building a daycare?
- How helpful is this franchisor with financing. Will they help you secure adequate funding through their own sources, or will you need to apply for a loan from your local bank?
- How much does the company contribute to marketing funds? Will you have any control over where and how your franchise is advertised?
Before you take unnecessary risks that could lead to long-term financial repercussions, it is important to spend some time getting to know prospective franchisors before you make a buying decision. View listings of local franchises for sale in your area, and learn more about the business of buying a child care franchise by visiting EFranchiseSale.com.