KING OF PRUSSIA, Pa. - Feb. 6, 2014 // PRNewswire // - Goddard Systems, Inc. (GSI), the franchisor of The Goddard School® system, announced today a strong 2013 with the awarding of 41 new franchise agreements to qualified franchisees and the opening of 18 schools in California, Colorado, Connecticut, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, Texas, Virginia and Washington.
This momentum is part of GSI's expansion plan targeting communities across the country. The company has set a five-year development goal of awarding 60 new franchise agreements and opening 30 new schools per year by 2019.
"Our expansion in 2013 marks the beginning of our effort to open dozens of new Goddard School franchises nationwide," said Joseph Schumacher, president and chief executive officer, Goddard Systems, Inc. "The demand for childcare is at an all-time high. Over 15 million children in the U.S. require some form of childcare arrangement*, and this, coupled with our unique play-based approach to learning as well as our unprecedented franchisee support, will help propel system growth in 2014 and beyond."
GSI launched 2014 with a targeted franchise development strategy focused on eight markets including Boston, Mass.; Houston, Texas; Minneapolis, Minn.; Seattle, Wash.; Portland, Ore.; Philadelphia, Pa.; Hartford, Conn.; and New York City (Manhattan). The company is seeking qualified franchisees with a minimum net worth of $450,000 and liquidity of $150,000. No education experience is necessary.
The Goddard School franchise operates on a dual-management system, distinctive in the early childhood education industry. Each location is managed on-site by the franchise owner, as well as an educational director responsible for working with teachers and implementing the curriculum. This separation and clear delineation of roles has resulted in The Goddard School system's success and high satisfaction ratings for 25 years.
Long recognized as the industry leader, The Goddard School system has been consistently listed in Entrepreneur Magazine's "Franchise 500" ranking as the number one childcare franchise for 12 years. Goddard School franchisees benefit from a strong average EBITDA*** of $240,631** per location, manageable hours and GSI's unmatched support with real estate, site development, operations, IT, marketing, advertising, quality assurance and training to ensure smooth school operations.
"At Goddard Systems, we focus relentlessly on supporting our franchisees in every aspect of their business," said Schumacher. "This focus enables our franchisees to inspire success among the more than 45,000 students they influence every day. Our support, coupled with our responsible and reasonable development plan, will enable The Goddard School system to solidify its leadership position in the industry and in communities across the country."
Interested candidates should expect the initial investment to open a Goddard School to range from $600,010 to $707,410, depending on real estate and other expenses. Additional information is available on www.goddardschoolfranchise.com or call 800-272-4901 to speak with a franchise development executive.
*Source: Child Care Aware of America: Child Care in America 2012 State Fact Sheets (June 2012) as sourced from U.S. Census Bureau. (2011). American Community Survey, 2008-2010 three-year estimates. Retrieved May 30, 2012, from http://www.census.gov.
**Average based on mature franchises (those open over 18 months) in 2012. As stated in Item 19 of GSI's Franchise Disclosure Document. 154 of 369 (41.7%) of mature franchises did as well or better than the average. Your individual results may differ. There is no assurance you'll earn as much.
***Earnings Before Interest, Taxes, Depreciation and Amortization.
Goddard Systems, Inc. (GSI), franchisor of The Goddard School® preschools, was recently named the No. 1 Childcare Franchise in the United States by Entrepreneur Magazine for the thirteenth consecutive year (January 2014) and one of the Top 200 Franchise Systems (in worldwide sales) by Franchise Times for the seventh consecutive year (October 2013). Headquartered in King of Prussia, Pennsylvania, GSI currently licenses over 400 franchised schools with more than 45,000 students in 35 states. The Goddard School's AdvancED and Middle States-accredited F.L.EX.® Learning Program, a comprehensive play-based curriculum developed with early childhood education experts, provides the best childhood preparation for social and academic success. With a proven system in place and a strong network of dedicated franchisees, GSI is the acknowledged leader in franchised childcare and a premier educational childcare provider. For more information, visit www.goddardschoolfranchise.com.
SOURCE Goddard Systems, Inc.