Franchisees Profit from the Hot Children's Market

Despite the downturn in the economy, businesses that cater to children are still a thriving industry. From tutoring services to children’s sports leagues and kids’ fitness programs, entrepreneurs who provide child-related services are seeing success -- and the promise of even more growth in the future.

It’s true that parents are cutting back on some discretionary spending when it comes to their kids. The NPD Group, which tracks consumer spending, reports that both toy sales and restaurant visits with children declined in the 4th quarter of 2008. But there are several key areas where parents are still spending. The Top 10 Children-Related Franchises in the AllBusiness Franchise AllStars listing reflect these priorities, including tutoring services and education-oriented preschools; fitness programs; extracurricular play, art and music programs; and secondhand children’s clothing, accessories and toys.