The world of entertainment, education, exercise and party fun for children is a rich source of ideas for new business start ups, supported by how generous the British are when it comes to handing over cash for their kids. For a child born in 2016, parents will pay out an incredible average sum of £230,000 leading up their 21st birthday.
One survey of parental habits uncovered an average spend of £320 on each birthday party leading to the age of ten - and that doesn’t even include the cost of gifts.
It could be that you want to find a creative niche business, aimed at the highly diverse and lucrative children’s market, or you might be looking for inspiration. Either way, to give yourself a great chance of success, the franchise route can be a win-win. Basically, you become your own boss, but you use a business model that has already proved a hit with parents and children in the UK.
This also enables you to approach your target market from a position of trust - a key business benefit when it comes to asking people for cash for child-related products and services.
As the range and type of kids franchise opportunities is vast, you are highly likely to find one that is a good channel for your creativity, too. For example, how about a mobile photography studio capturing shots of babies and toddlers with the Photography for Little People brand?
If you are leaning more towards revenue from party fun, start your venture under the umbrella of Fizz Pop Science, Go Kart Party, Jabberjacks party entertainment or Rock Lobster Chocolate Parties, to name but a few.
You could also consider children’s fitness franchises like Tumble Tots, or education-related ventures, drama projects and children's clothing partnerships. Moo Music is an example of the many work from home opportunities in the kids franchise sector.