Primrose Schools® Looks Toward Future Real Estate Growth
Early education franchising company currently has 22 schools under development in 14 states.
ATLANTA - March 9, 2016 // PRNewswire // - Primrose Schools, the nation's premier early education and care provider, has started the year with a full development pipeline that will continue to expand its presence across the country. The franchise company also has identified several key growth markets and is actively expanding its national footprint.
Primrose currently has 22 new schools under construction in 14 states, and nine more schools will break ground during the first half of the year. Primrose is scheduled to open five new schools in the first quarter of 2016, 13 schools in the second quarter and four schools in the third quarter. One of those openings will include the first school in the state of Wisconsin, which will expand the franchise's reach into 26 states.
"Last year we expanded our reach coast to coast while opening 19 new schools, and 2016 will continue this trend of growth," said Bill Pierquet, senior vice president of school development for Primrose Schools.
The company also has identified several key growth markets that contain strong demand for high-quality early education, entrepreneurial interest and available land.Chicago, Minneapolis-St. Paul, northern New Jersey and northern Virginia are the company's top markets for development activity this year, and urban neighborhoods in these markets are a key part of that strategy. Many of the Primrose locations under development are located in urban areas.
"We take great care in identifying the right markets to open new schools," Pierquet added. "The demand for high-quality child care is on the rise in urban areas, in particular, and we look forward to providing a premier early education option that can meet that demand."
Primrose currently has more than 300 locations across the country and has enjoyed a five-year pattern of growth, with an average increase of 13.3 percent in system revenue over that time period. The franchise has outperformed its peers while demonstrating its leadership in the early education franchise industry. The strategic growth plan for Primrose Schools projects the franchise company will have 480 school locations by 2020.
For more information on site criteria for Primrose Schools, please visithttp://www.PrimroseSchoolsRealEstate.com
About Primrose Schools®
Founded in 1982, Primrose Schools is the nation's leader in providing a premier early education and care experience in more than 300 schools in 25 states. Each Primrose school is independently owned and operated by Franchise Owners, who partner with parents to help children build the right foundation for future learning and life, and offer an environment that helps children have fun while nurturing Active Minds, Healthy Bodies and Happy Hearts®. Primrose offers Franchise Owners an industry-leading proprietary early education blueprint and delivery model, as well as financial security, autonomy and a sense of purpose. For more information, visitwww.PrimroseFranchise.com, follow us on Facebook, LinkedIn, Twitter andYouTube, and explore our news site.
SOURCE Primrose Schools
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