Franchises geared towards kids are only trending upwards in popularity, offering great potential for entrepreneurs looking for future investments. There’s no shortage of potential customers in the industry. According to the Federal Interagency Forum on Child and Family Statistics, there are 72.8 million children under the age of 18 living in the U.S., and that number is only expected to increase. Today’s children are savvier consumers than ever before. Now is the best time to take on a kid-focused franchise as children influence parental purchases totaling over $130 billion-$670 billion a year, which is more than ever before. That number is only expected to grow.
What are the varieties of kid-focused franchises available today?
There are plenty of child-focused franchises to choose from. When you think franchises for kids, a plethora of categories come to mind: education, apparel, nutrition, and active play. Education centers focus on enriching a child’s education through different approaches in curriculum and tutoring. With apparel, durability and price are what people care about. Children’s franchises focused on nutrition are centered around maintaining a well-balanced diet and creating a health-conscious mind within the child. Franchises focused on active play may be the most rewarding. If you invest in a family entertainment franchise like Launch Entertainment, you’ll be helping create a lifetime of irreplaceable memories for families. You’ll be responsible for providing a space that will benefit every member of the family.
Why you should consider a kids franchise
There will always be a demand for child-focused franchises as parents are always looking for ways to entertain, encourage, or educate their kids. Owning a franchise like Launch Entertainment is both gratifying and potentially profitable, while keeping you young at heart. The U.S. Census Bureau projects there will be roughly 80 million children by 2030, a promising outlook for any future investor in the kid’s industry. A well-known advantage of owning franchises for kids is that they can provide fulfilling careers. Many franchisees who elect to invest in children find themselves having a far more rewarding experience financially. They enjoy the lifelong relationships they build with families who come to their business repeatedly. One of the greatest advantages of child-focused franchises are that they are typically recission resistant. Families are always looking for something for their children to do outside of the home, where they can burn off their energy. Launch provides this exact space for the entire family.
Parents investing more in their children than ever
Some parents are laying the foundation for their children as soon as they are a thought. As their child grows, they continue to invest in them, and currently, children now influence upwards of $500 billion in household spending, including items outside the traditional realm of kids’ products. A study by American Demographics magazine states 4- to 12-year-olds spend more than $40 billion, while teens spend $155 billion of their own money. Compare that to the 1960s, when children only influenced an estimated $5 billion of their parents’ purchases – that’s about $47 billion in today’s dollars — and had very little of their own spending money.
What is the outlook of this industry?
The outlook of this industry is booming. The child franchise opportunities are endless and have gained significant traction in the last decade. As most franchises for kids are recession-resilient, they also have comparatively low cost compared to other franchises. Diving deeper, Launch Entertainment has competitive initial fees in the realm of other trampoline park businesses. With the population predicted to continue to grow and the expectation that parents will continue to invest in their kids, it’s clear investing in Launch would be a rewarding business venture.
Learn more about Launch franchises
As an ideal space for kids and adults alike, Launch offers a safe and enjoyable environment for date nights, birthday parties, family events, corporate events, church outings, fundraisers, and other get-togethers. Currently, there are 29 parks open and operating in 13 states, with numerous others in development across the country.
To learn more about the benefits of owning a Launch Entertainment trampoline park franchise, please fill out this contact form and one of our franchise development representatives will be in touch.