Purchasing a franchise can be a great way to enter the education industry in the UK, and especially now with the sector seeing unprecedented demand to help children catch up and get ahead in those all-important core subjects. In taking on a franchise, not only do you have the support of an established and proven method, but you also have the opportunity to run your own business and be your own boss. In recent years, there have been a few key trends in buying into an education franchise business that potential franchisees should take note of:
One trend that has emerged is the increasing popularity of online learning. With the COVID-19 pandemic, many schools had to make the shift to remote learning, and this has inevitably created a demand for educational franchises that offer online learning resources and support for students in addition to face-to-face tuition in a learning centre setting. A franchise that provides the option of tutoring services or educational materials online as well as in person is well-positioned to take advantage of this change.
Another shift that has been gaining momentum is the focus on personalised learning; students learn best when they have a customised learning plan that’s tailored to their individual needs and learning style. Educational franchises that offer personalised learning programmes, are usually the most attractive to students and parents who are looking for more individualised attention for their child.
A consideration for anyone looking to invest in a franchise should always be the current and future market demand for the service you’re offering; education is considered to be one of the most recession-proof sectors to invest in. Maths in particular has come under the spotlight recently with Rishi Sunak’s mandate that the subject should be taught to every child up to the age of 18, to help us improve innumeracy but also to better prepare children for their future working lives. This only further demonstrates the importance of maths to a future generation of learners.
In addition to these trends, there are also several other factors that potential franchisees should consider when buying into an education franchise business, such as choosing a franchise that aligns with your personal values and educational philosophy. It is also important to consider the franchise’s reputation, track record, and the support that it provides to its franchisees. With this in mind, it’s essential to do thorough research and due diligence before making a decision to purchase a franchise; as part of this process you should review the franchise agreement (the most reputable franchisors will recommend you have their franchise agreement reviewed by a specialist franchise solicitor), the level of support and training you can expect to receive, the all-important customer reviews, as well as talking to other franchisees and seeking legal and financial advice.
2023 is a great time to consider buying into an education franchise business, giving you the opportunity to be your own boss and a proven business model to support your future success. With market demand for maths tuition in particular at an all-time high, and renewed interest in personalised learning and online delivery helping to bolster the impact of educational franchisees. Choose a franchise that aligns with your own personal values and educational philosophy, and you’ll be setting yourself up for the best start to this new year ahead.
This article comes courtesy of Mathnasium: with more than 1,100 maths tuition centres globally, Mathnasium has been ranked on Entrepreneur Magazine’s list of top 500 franchises 16 times since 2004, and are number 50 on Glassdoor’s Best Places to Work 2023.
To find out more about Mathnasium, join one of our upcoming Discovery Days in London or visit us at the International Franchise Exhibition at Excel London on April 14 & 15.
