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About Banana Moon
The Banana Moon Day Nursery franchise enables self starters with a passion for childcare to run their own day nursery with the backing of a highly respected brand. It enables youngsters to build meaningful connections in a nursery where care and safety are paramount. The business was set up in 2006 and the concept was franchised in 2010. Banana Moon is an associate member of the British Franchise Association.
How does the Banana Moon Day Nursery franchise model work?
There are two different ways of becoming part of the Banana Moon franchise network. Some franchisees prefer a hands on role and become heavily involved in the actual childcare from day one, while others prefer the investment opportunity provided by this brand, recruiting a team of staff to handle the day to day running of the nursery.
Once the Banana Moon franchise team has helped the new investor find the right premises, the company then supplies all the equipment, training and guidance for an entrepreneur to get started. All franchisees operate from exclusive territories, which contain a minimum of 100,000 people.
There are additional costs incurred when opening a nursery, of course, and the total investment will vary depending on the size and location of the premises, the terms of the lease and condition of the building. Allowing for working capital for the first year or so, the likely total investment is usually between £150,000 and £200,000.
Banana Moon has good relationships with high street lenders, which will consider lending between 50-70 per cent of the start up costs, subject to status. Potential investors should have liquid capital reserves of at least £50,000.
What locations or territories is Banana Moon looking to operate in?
Franchise territories are available throughout the UK.
Why is a Banana Moon Day Nursery a good investment?
The franchise opportunity offered by Banana Moon has the potential to be extremely profitable and, according to the company, successful Banana Moon nurseries have a significant resale value once a franchisee decides to sell the business.
As for the wider benefits to franchisees, the childcare sector is extremely rewarding on a personal level, with every day being different. Parents who visit Banana Moon nurseries are impressed by the company’s robust approach to childcare and friendly, knowledgeable staff.
The key to success with this franchise is in maintaining high standards across all aspects of the business. Consequently, Banana Moon nurseries are equipped with sophisticated CCTV security, biometric entry systems, air conditioning and high quality dietary provisions - making them stand out from the pool of local nurseries.
Where in the UK is the franchise based?
Banana Moon Day Nursery head office is based in Warwick.
What support and training do Banana Moon franchisees receive?
Franchisees receive all the training, support and guidance necessary to get their business up and running.
Initial training covers daily operations, childcare techniques and how to market the business, while Banana Moon’s head office team work with franchisees to develop a tailored business plan, help them find premises, locate staff and find customers.
Franchisees continue to receive ongoing support for both themselves and their team once the nursery is open. Banana Moon’s experienced nursery managers help new franchisees initially in operating the nursery day to day, while the company’s specialist commercial advisers assist with managing and growing franchisees’ businesses. Franchisees also have access to an outside agency for advice on HR and health and safety issues.
What else do I get for my investment?
As well as access to Banana Moon’s proven systems, plus its comprehensive training and support, franchisees also receive all the furniture, books and games required to open a nursery for 36 children. Also part of the franchise package is a cutting edge information and communications technology system, which consists of a 55 inch interactive screen and four tablet computers; CCTV and biometric systems; a website; and uniforms.
Are there any ongoing fees to pay?
Yes. On top of their initial investment, franchisees are required to pay a monthly management service fee of 9.5 per cent (plus VAT) of turnover. The management service fee is paid to the franchisor in order for it to provide ongoing support and training, legislation updates, marketing materials and equipment maintenance.
How in demand are childcare services right now?
Childcare enables parents to work, keeping valuable skills in the workforce, and encourages children to do better at school, narrowing the gap between disadvantaged children and their peers. So it’s no surprise that the demand for early education and childcare remains high in the UK.
In business terms, early education and childcare provision is a growing sector, according to Nursery World. LaingBuissons latest annual UK childcare report estimates the market was worth £5.5 billion in 2018, up from £5.3 billion in 2016.
Driving this growth is the fact that around 65 per cent of mothers of children under five are in either part time or full time work and the realisation of the importance of good early years education to a child’s future development.
How can I get started on setting up my own Banana Moon Day Nursery business?
Complete the short enquiry form on this page and a member of the Banana Moon franchise recruitment team will be in touch. If you like what you hear, you’ll be invited to meet the team.
Areas of the business discussed in more detail will be the financial implications of becoming a Banana Moon franchisee and the earnings potential of the franchise opportunity.
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A highly respected nursery available for franchisePOA Investment Level