Are you looking to open an educational franchise? Are you the one who gets engrossed with kids very easily? You are struck at the right place then! This is the chance for you to start thinking about opening an educational franchise or being associated with a similar franchise. I will list all you need to know about the Goddard School franchise in this blog. This blog consists of talks about the fee of Goddard school, its franchising opportunity, requirements, other similar franchises, and its economic analysis too.
About the Goddard School Franchise
The Goddard School® franchise system’s manager, Goddard Systems, LLC, is widely regarded as the market leader in the exclusive early childcare and education sector. Goddard, a childcare franchise with its corporate headquarters in King of Prussia, Pennsylvania, has continuously been recognized as one of the best in the country by Entrepreneur magazine and as one of the Top 200 Franchise Systems (in terms of global sales) by Franchise Times. More than 75,000 children are being served by more than 600 Goddard School franchises across 37 states and Washington, D.C.
Is Goddard School a Franchise Opportunity?
Whatever your position, The Goddard School will offer franchisees ongoing assistance in the areas of real estate, site planning, operations, I.T., marketing, advertising, quality assurance, and training. It is well known as a reliable franchise opportunity for proprietors of small businesses.
Facts You Should Know About Goddard School
- The Goddard School makes sure that children from six weeks to six years old have fun while learning by utilizing the most recent, academically recognized techniques.
- Depending on the region, opening a Goddard School or purchasing an existing facility involves potentially significant expenses.
- It is one of the biggest childcare and educational franchises in the United States is The Goddard School.
|Goddard School Franchise Information and Review|
|Industry Type||Education Franchises|
|Sub Category||Childcare Education franchises|
|Company Name||Goddard School|
|Founder/Management Head||Dennis Maple, Chairman & CEO|
|Employees at Company H.O||178|
|Franchise Expansion Plan||The United States and Canada|
|Number of Units||595|
|Number of Franchise Units||132|
|Social Media Handles|
|Company Office location||King of Prussia, Pennsylvania|
What is Goddard School Franchise Cost
You must have a minimum net worth of $500,000 and at least $150,000 in liquid capital to purchase a franchise with The Goddard School®. Franchisees should budget between $610,100 and $729,300 for their overall investment. The franchise cost for The Goddard School® is $135,000 per year. Additionally, they provide financing and give veterans a discount (10% off the initial fee).
How much is the cost of a Goddard School franchise in the United States?
$818,300 – $1,090,100 is the initial franchise cost required to open a Goddard School in the USA.
|Goddard School Startup and On-going Franchise Costs|
|Goddard School Franchise Fee||$135,000|
|Goddard School Franchise Cost||$610,100 – $729,300|
|Advertising Fee||2 %|
|Term of Agreement||15 years|
|Veteran Discount||20% off on Franchise Fees|
|Renewable Franchise Fees||Not Disclosed|
Why Would You want to open a Goddard School Franchises?
Opening a Goddard School franchises could be a good alternative for you if you’re a driven business professional seeking for a change of pace in your career. While investing in your own life, you’ll also have the ability to have a beneficial impact on children’s lives. You won’t necessarily have to teach if you become a franchisee because you don’t need experience in childcare or education. Each school has a childcare facility license, and all of the staff has received early childhood education and development training. But if you want to perform administrative duties, you need to be present.
Goddard School Training to Franchises
The franchisor will offer franchisees an intensive 10- to 16-day virtual and/or live training program, as well as online pre- and post-requisite training in school marketing, operations, management, and curriculum. Online prerequisite and post-requisite course work as well as a six-day virtual live session make up the first phase.
Eight to twelve weeks prior to the school receiving its Certificate of Occupancy, the second phase of your first training—at the moment, a combination of online prerequisite and post-requisite coursework and a ten-day virtual live session—will take place (CO).
Goddard School Franchises Operations
Franchisees run a school with a focus on preschool programs and care for kids between the ages of six weeks and ten. The programs that are available to a child will change depending on their age, abilities, and level of development. Five days a week, from 7 a.m. to 6 p.m., the school will typically be open. Every successful Goddard School is built on a foundation of high operational standards and a strong brand.
How is Goddard School Franchises Territory Granted
Franchisees are free to approach customers and conduct business in any location, according to the franchisor. Franchisees won’t be given a territory that is all their own. If franchisees adhere to their commitments under the Franchise Agreement, the franchisor will not operate or license more than one school for every 10,000 residents in the county where the school is located.
What is Goddard School Franchising Term of Agreement and Renewal?
The initial term of the franchise is 15 years. If the franchisee complies with certain requirements, a five-year renewal term is available.
Does Goddard School provide Financial Assistance to Franchises?
Franchisees are in charge of making their own financial arrangements, although the franchisor has a finance department that can help them with the paperwork needed to submit loan applications. For this service, the franchisor will not receive payment from a third party. With the exception of the initial furniture, equipment, computer system, IT Security, and other items and materials described in one of its Purchase Orders, which the franchisor estimates will cost in total between $262,000 and $317,700, the franchisor and its affiliates do not offer or arrange direct or indirect financing.
After the vendors issue their invoices, the franchisor pays the vendors on the franchisee’s behalf, and the franchisee pays the franchisor after they get the initial invoice. None of the franchisee’s finance, lease, or other obligations are guaranteed by the franchisor or its affiliates. No direct or indirect compensation is given to the franchisor or its affiliates for arranging to finance with any other lender.
Pros & Cons of Goddard School Franchises
- If franchise owners are knowledgeable about early childhood education and are ready to take a back seat and let the Director handle their duties, Goddard Schools’ requirement that they be present every day on-site might be a fantastic idea.
- You have the freedom to pursue both your professional and personal goals when you own a Goddard School franchises. The days of putting family or friends before work are long gone.
- When you join our franchise, you start your own company—not just by yourself. We have a robust support system in place that helps you with marketing, IT, finance, and more.
- The workplace culture could be better. There is a lot of staff turnover.
- There is no room for advancement, and the “benefits” are still paid for out of pocket.
- The staff communication and internal affairs should be managed well by the team.
How much do Goddard School franchise owners make?
After 18 months of operations, the Goddard School franchise’s median revenue was $1.7 million. With a Goddard School franchise profit margin of 20%, you can make an average annual profit of $ 340,000.
What is Goddard School Franchise resale valuation?
In year 5, the Goddard School is anticipated for re-sale for $1.56 million. When it comes time to sell, and you have earned back your entire $954k initial capital commitment, you can make an additional $600k.
What are Goddard School Franchise Owners’ reviews
The organisation has a tremendous reputation in the childcare and education industries. As more households have two working people, the need for daycare is rising. Yoga, robotics, and sign language are just a few of the unusual subjects that may give your daycare program a competitive edge in your neighborhood. Early childhood education specialists created one of its highlight programs, The Goddard School’s F.L.EX program, to provide sessions for young children preparing for social and academic achievement. Additionally, the course has received accreditation for developing guidelines, standards, and guidelines that assist franchised locations in upholding high standards for childcare, early learning, and child development.
A detailed review of Farzeen Fareed, Franchising Owner of Goddard School of Sudbury in the video below.
Goddard School Franchise Rankings
- On Entrepreneur’s 2022 Franchise 500 list, The Goddard School’s came in at number 96.
- Since 2002, Entrepreneur magazine has consistently named The Goddard School as the top childcare franchises in the United States.
- Ranked #52 for best franchise opportunity for Veterans by Entreprenuer.
- Ranked #91 for Fastest Growing Franchise in USA and Canada.
Franchise Deck Analysis and Overview
Goddard Systems own the franchise rights to The Goddard School, which has hundreds of locations and enrolls tens of thousands of students. The business provides year-round programming, such as summer and after-school enrichment activities, for kids ages six weeks to six years.
Searching for high-quality early education and care is becoming more difficult for families. Families, employers, and communities are facing serious problems as a result of this. You will benefit not only your family but also the community you serve by running a Goddard School.
Is the Goddard School Profit Worth the Franchise Cost?
To recover the normal $954,200 investment needed to create a Goddard School, it will take 4.5 to 5 years. This covers the creation and building of your Goddard School, which took 1.5 to 2 years. This is the typical amount of time it takes for a franchise to launch.
The Goddard School is a fantastic investment opportunity after five years of a very successful business.
|Competition Analysis of Goddard School|
|Franchise Brand||Cost to Franchise||Franchisee Fees||Royalty + Ad fees||Expected Profit||Recoup of Capital||FD Rating|
|Goddard School’s Franchise||$135,000||$135,000||Ongoing Royalty Fee: 7%Ad Royalty Fee 2%||$373,000 a year||$954k||3.9/5.0|
|Drama Kids Franchise|
$33,800 – $73,500
|$27,500||Royalty fee- 8% Ad fee- 1%||Not disclosed||Not Disclosed in FDD||3.7/5.0|
|School of Rock||USD $322,500 – $521,100||USD $49,000||Royalty fee is 8% of gross sales and Ad fee is Up to 3% of gross sales.||$305,815 (66.9%)||Not disclosed in FDD||4.0/5.0|
|Mathnasium Franchise||$149,155||$49,000||Royalty fee is 10%||15-25% of the average franchise sales||3.23 years to 4.30 years is the time for recoup of the capital||3.0/5.0|
|Huntington Franchise||$125,000 – $150,000||$25,000||$300 – $400 per year is the royalty fee||Not disclosed in FDD||Not disclosed in FDD||3.5/5.0|
The Franchise Deck rating for the Goddard School’s Franchise is 3.9/5.0.
One of the top priorities in the globe is education. Parents devote a lot of money to their kids’ education. The Goddard School has had great success luring families with young children to take advantage of its offerings. Despite being pricey initially, the firm typically pays back the investment in 4.5–5 years. Furthermore, the average franchise sells for $1,564,930.77, making it a very alluring enterprise for prospective franchisees.
Entrepreneurs who want to open a franchise in the education and childcare franchise opportunities categories can look at
- Legacy Academy Franchise
- Sylvan Learning Center Franchise
- Kiddie academy franchise
- School of Rock franchise
- Kumon Franchise
- Drama Kids Franchise
- Huntington Franchise
Frequently Asked Questions (FAQs)
- Is the Goddard School Franchise profitable?
Yes, Goddard School Franchises is highly profitable.
- Can you make money owning a Goddard School?
Yes, you can make money owning a Goddard School.
- Is Goddard School a franchise?
Yes, it is a highly-ranked franchise.
- How do Goddard School Franchises make money?
Families fund their children’s education through tuition and enrollment costs. Families also pay for their children’s attendance at summer camps.
Goddard School franchises provide an excellent foundation for early childhood education.
Their play-based learning approach ensures that children are having fun while learning important skills.
Goddard School franchises offer a variety of educational programs tailored to meet the needs of each individual child.
Their curriculum is designed to help children reach their full potential and prepare them for success in school and life.
. Goddard School franchisees benefit from a proven business model and comprehensive training and support from the company.
Franchisees have access to a wide range of resources to help them operate their business effectively.
Goddard School franchises are committed to providing a safe and nurturing environment for children to explore and learn.
The school’s community-based approach allows parents to be involved in their child’s education.
Goddard School franchises are dedicated to creating a learning experience that is both fun and educational for children.
Goddard School franchises provide a wide range of extracurricular activities to help children develop their interests and social skills. The staff at Goddard School franchises are dedicated to providing the highest quality of care and education to each child. Goddard School franchisees benefit from a strong network of local and national partnerships.
The school’s emphasis on learning through play ensures that children are engaged and having fun while learning important skills. Goddard School franchises provide an excellent opportunity for entrepreneurs to own and operate a successful business while making a positive impact in the lives of children.