ATLANTA, Jan. 31, 2017 /PRNewswire/ -- Primrose
Schools, a national preschool franchise company, is on a positive
growth track that now spans six years. In 2016, the company saw
year-over-year revenue growth of 13 percent from 2015,
strengthening its brand leadership position in the highly
competitive early childhood education franchise industry.
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Primrose has 342 locations around the country that provide
high-quality early education and care to children and families in
27 states. Schools had an average occupancy rate of 87.7 percent,
as measured in May 2016. Primrose
opened 30 new schools and awarded 46 franchise agreements in 2016,
and the company anticipates opening 34 new schools in 2017.
"There is nationwide, growing demand for high-quality early
education and care, and Primrose is poised to fill that need thanks
to our exclusive Balanced Learning® approach and passionate
Franchise Owners," said Jo Kirchner,
CEO of Primrose Schools. "Our continued success in 2016
reflects our Franchise Owners' commitment to the Primrose mission
and to providing an unparalleled early learning experience for the
children and families they serve."
Primrose, which was recently named the number one franchise in
children's services by Entrepreneur magazine, recruits
entrepreneurs from many different fields who have leadership and
management expertise along with a passion for early education. One
of those entrepreneurs is Beau
Athia, Franchise Owner of a Primrose school in Andover, Mass. Athia earned a degree in Real
Estate Development and Finance from New York
University, and for the past 15 years has worked in hotel
development in the Washington,
D.C. area. His wife, Urvi, holds two degrees in education
and is a third-generation teacher.
"My parents are from a small village in India, so I've seen the impact that education
can have and the difference it has made in my family," said Athia.
"This is an exciting time to be a part of Primrose. We look forward
to bringing together my entrepreneurial spirit and Urvi's
background in education to help drive the premier educational
experience that Primrose offers to children and families."
The Athias also have part ownership of Primrose schools in the
Chicago and San Francisco markets. In fact, Primrose
leadership attributes its success this year in part to the
innovative franchise ownership models that Primrose offers its
Franchise Owners. Primrose will continue to offer new real estate
and franchise models, including employer-sponsored schools and more
multi-unit franchising options to meet the growing demand for early
childhood education.
"Early childhood education is an incredibly rewarding industry,"
said Kirchner. "As Primrose continues to grow, we're looking for
entrepreneurs who share our passion for making a difference in the
lives of others."
According to IBISWorld, education-based child care is a
$48 billion a year industry and is
expected to grow at an even faster pace than the overall child care
market. Due to the high demand and success of the industry,
Primrose Schools projects the franchise company will have 480
school locations by 2020. Primrose has identified the following
markets for expansion because of strong demand for high-quality
early education, entrepreneurial interest and available land:
- Chicago
- Boston
- Philadelphia
- Northern New Jersey and
New York City
- Northern and Southern
California
This information is not intended as an offer to sell, or the
solicitation of an offer to buy, a franchise. It is for information
purposes only. Franchise offerings are made by Franchise Disclosure
Document and are only made in states in which Primrose Schools is
authorized to sell franchises. For more information on growth
markets with Primrose Schools, visit the available markets
page of our website.
To learn more about franchise investments with Primrose Schools,
visit www.PrimroseFranchise.com.
About Primrose Schools®
Primrose Schools is
the leader in providing premier early education and care to
children and families in the United
States. Founded in 1982, there are nearly 350 Primrose
schools in 27 states today. Each school is independently-owned and
-operated by Franchise Owners who are provided a proven and
time-tested business model and exclusive approach to early
education, called Balanced Learning®. Primrose
offers Franchise Owners the opportunity to invest in a rewarding
business that delivers an unparalleled early learning experience
for children and families in their community. For more information,
visit www.PrimroseFranchise.com, follow us on LinkedIn and Twitter,
and explore our news site.
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SOURCE Primrose Schools(R)