Even during a frenzied market, there are things you can do to keep your franchising journey on track. We recently asked the heads of our Kiddie Academy Real Estate and Finance teams for some suggestions.
Kiddie Academy Vice President of Real Estate Debbie Bowers points out, “There are great markets with populations shifting and residential construction booming in many states. It’s a great time to be looking at those opportunities.” This year to date, we’ve secured more than 35 sites, and in the third quarter alone, we’ve awarded new Kiddie Academy Franchise Agreements in more than 20 markets, including Atlanta, Dallas-Fort Worth, Las Vegas, Tampa, Salt Lake City and Austin.
Debbie suggests if you’re going to build your Academy, a good strategy may be to buy now and build later. “Start looking for real estate today.” She says find out where new residential developments, schools and parks are planned or are in the early stages of construction. “Look for available real estate at the front of a development where you can put in an Academy to service all the families that will be moving into that development. Remember, there are other child care providers fighting for the same spaces, so don’t wait!”
Kevin Shaffer, our Vice President of Finance, said don’t let current high interest rates discourage you from passing up a good opportunity. “Yes, Interest rates have increased over the past year as the Fed has hiked rates, but it’s still a great business to be in and availability of Franchisee financing has never been better. Lenders appreciate the stability, visibility and predictability of Kiddie Academy operations and the 40-plus-year track record of Academy success. Kiddie Academy recently received a 915 (out of a possible 950) FUND™ Score rating from the research firm FRANData. A high FUND Score, which is like a credit score for franchise systems, assures Franchisees will have access to the best credit terms, favorable interest rates and a streamlined approval process.”
Kevin added that, “Successful multi-Academy Franchisees may receive even more favorable lending terms due to their past success, but first-time Franchisees certainly benefit from the strength of the Kiddie Academy system. So, don’t be turned off by current high interest rates. They’ll come down, and when they do, we’ll help you refinance.”
If you’re interested in learning more about starting a journey to Kiddie Academy franchise ownership, take the first step by completing this no-obligation confidential questionnaire and a member of our team will be in touch with you soon!
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