£150,000
Childcare
Yes
£300,000 - £500,000
£47,500
N/A
About Banana Moon
The Banana Moon nursery franchise enables self-starters with a passion for childcare to run their own day nursery with the backing of a respected brand. It aims for youngsters to build meaningful connections in a nursery where care and safety are paramount. Banana Moon was founded in 2006, and the idea was franchised in 2010. Banana Moon is proud of being an established member of the British Franchise Association.
How does the Banana Moon franchise model work?
There are two ways to become part of the Banana Moon franchise network. Some franchisees prefer a hands-on role and become heavily involved in the childcare from day one. Meanwhile others prefer the investment opportunity provided by this brand, recruiting a team of staff to handle the day-to-day running of the nursery.
After assisting the new franchisee in locating the ideal location, the Banana Moon franchise team provides the necessary equipment, guidance, and support to enable an entrepreneur to get off the ground. Every franchisee operates from exclusive territories comprising at least 100,000 people.
The franchise support at Banana Moon will be available to help you at every step of the way. The support begins when you’re looking for a property and continues throughout your entire journey. The model was developed to give you continuous support throughout, enabling everyone to work together to deliver the best possible childcare.
What type of franchisee is Banana Moon looking for?
Although prior experience isn’t a requirement for a Banana Moon business, franchisees should be passionate about providing the highest-quality childcare. The ideal candidate will have a long-term focus on creating a successful and sustainable business, which can be unlocked by following the franchise blueprint.
Furthermore, a franchisee needs to feel comfortable when communicating at all levels. They must be prepared to manage and motivate others to perform at their best in a fast-paced environment.
Existing franchisees have found opening a Banana Moon nursery extremely rewarding, but the candidate must be hard-working and driven because, like with a variety of industries, it’s not always easy.
Training and support
Initial training includes day-to-day operations, childcare strategies, and company marketing. Meanwhile, the Banana Moon support team works with franchisees to create a bespoke business plan, find locations, hire staff, and attract customers.
After the nursery opens, franchisees continue to receive support for both their team and themselves. The Banana Moon support team will assist franchisees with business management and expansion, while dedicated nursery managers will initially help new franchisees run the nursery on a daily basis. Franchisees can also get guidance on HR and health and safety matters from an external organisation.
Financial information
Banana Moon has good relationships with high-street lenders, which will consider lending between 50% and 70% of the start-up costs, subject to status. Potential franchisees should have liquid capital reserves of at least £150,000.
Naturally, there are costs involved with starting a nursery, and the overall investment will differ based on your location, size of space, lease terms, and the building’s state.
A total investment of between £300,000 and £500,000 is typical, which includes a working capital allowance for the first year.
Why is Banana Moon a good investment?
The franchise opportunity offered by Banana Moon has potential to be profitable; successful Banana Moon nurseries have had significant resale value, according to the company.
More widely, working in the childcare industry is incredibly fulfilling because each day is unique. Banana Moon says its nurseries’ warmth, knowledgeable staff, and comprehensive approach to childcare leaves a lasting impression on parents who visit.
Keeping excellent standards in every aspect of the business is essential to this franchise’s success. As a result, Banana Moon nurseries aim to distinguish themselves from other nearby nurseries by having advanced CCTV security, biometric entrance systems, air conditioning, and high-quality nutritious meals.
What locations is Banana Moon looking to operate in?
There are franchise territories available all throughout the United Kingdom.
What are the franchise terms of agreement and renewal?
The franchise agreement is five years, with opportunity to renew.
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