This industry encompasses businesses that provide enrichment education in the STEM field, including but not limited to science camps such as engineering, nature, or astronomy camps, as well as day programs that offer extra teaching in math and science related subjects. This is a fairly recent advent and driven by the growing gap between STEM capabilities of children in the US and in other developed countries. As the world becomes increasingly focused on technology driven solutions, having a strong STEM background becomes more important than ever in the evolving labor market.
In general, rising interest in early childhood education thanks to studies that have revealed their benefit to childhood development has led to significant growth in the industry. However, the COVID-19 pandemic and government mandated non-essential business shutdowns have led many operations within this industry to close their doors. Some have transitioned to online platforms and have survived this way, but participation in these types of programs have declined either way. As academics become increasingly competitive and more parents seek prestigious higher education for their children, it is likely that this industry will remain a strong contender.
The Paid-in-Full Rate is when the SBA loan is fully paid off by the small business owner including interest, indicating financial strength.
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the small business owner.
For every 12 SBA loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Non-Franchise Businesses taken into account: 11,769
Like the other sectors of the children’s programs industry, institutions offering STEM programming for children have been significantly affected by the pandemic. In-person programming has practically come to a halt, and operations with the capacity to do so have had to switch to online platforms. This has proven to be especially challenging for existing brick and mortar businesses, as they have had to compete with operations that already offer virtual STEM programming and are therefore much more established. However, the projected popularity of STEM programs creates an avenue for industry growth as more parents become worried that their children have fallen behind in the sciences with online school, and look for outside sources to enrich learning.
Average Children’s Programs Franchise Industry Percentage Fees
Standard Children’s Programs Franchise Industry Investment
This metric is the standard industry investment amount for a single unit franchise investment in this industry. Our research and analytics team analyzed over 65 franchise concept investment breakdowns in order to calculate this figure.
The Paid-in-Full Rate is when the SBA loan is fully paid off by the franchisee including interest, indicating financial strength.
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the franchisee.
For every 14 SBA franchise loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Franchise Businesses taken into account: 2,411
Learn more about the Children Programs Industry
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