Children Programs

General Industry

Children Programs are typically activities and programs children can participate in after school or during the summer.These programs are popular for parents that both work full-time and would want their children to develop hobbies in extracurricular activities. Furthermore, schools are now looking for well-rounded students, not only should they excel in school but they should also be involved in other activities to be “the full package.” Many of Children’s Programs businesses overlap with Children’s Education Programs, especially because some of the sub-sectors like tutoring are also after school activities. However, businesses in the Children’s Programs industry focus outside of academics. Many of these programs involve physical activity like sports, swimming, or outdoor play. Another popular type of program uses the creative arts, teaching kids music, dance, or other types of performance. These programs are a step above what is available in schools, but more cost effective for parents compared to private lessons.

The After-School Program industry has over 230,000 open businesses in the U.S., supporting more than 1.1 million jobs and with a $22 billion market size.

Children’s Programs Franchise Industry Trends

As it is more common for both parents to enter the workforce, after school programs have space to grow. Over 10 million children and youth participate in after school programs annually, generating positive outcomes such as improved academic performance, classroom behavior, health, and nutrition.

With Covid-19, the unemployment rate sharply increased to 14.7% in April 2020. More parents were at home and therefore the demand for after school programs decreased. However, the unemployment rate has been decreasing, reaching 11.1% in June 2020. Experts predict that unemployment rate will keep decreasing with all governmental practices to protect American workers. Thus, after school programs do have the chance to keep growing and helping millions of children.

SBA Business Loan Data

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 franchise loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.