TL;DR
Education brands, including early education franchise Rainbow Station, are targeting densely populated areas for real estate. Rainbow Station has introduced smaller school models to reduce costs, with prices ranging from $3 to $3.5 million, compared to $5 to $6 million for traditional schools.
Citing the fact that approximately 2.4 billion more people will move into urban areas around the world by 2050, Franchise Times recently spotlighted why education brands are looking to get real estate in densely populated areas within larger cities.
In order to help franchisees succeed in this regard, early education franchise Rainbow Station has introduced new, smaller school models that can help cut down on real estate costs.
While the traditional schools typically cost between $5 and $6 million to build, the new models can be built for between $3 and $3.5 million, according to Gail Johnson, president and CEO of Rainbow Station.
In this story
This story was originally published in 1851 Franchise on May 19, 2015. Burnaze summarizes and links to the original reporting.
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