Stagecoach Performing Year on Year
Stagecoach Performing Arts marks a successful start to 2019, as the global children services franchise celebrates four years of consecutive growth for their franchisees. The team has already welcomed seven new franchisees into the network this year, launching franchises in the UK and Germany. With a head office relocation planned, and the recent acquisition by Trafalgar Entertainment (TE) continuing to add value to the brand, the network is thriving in this time of unquestionable uncertainty.
Despite being less than two months into the year, Stagecoach stays firm on this path of phenomenal rate of growth in an effort to secure themselves as the children’s services franchise of choice. According to the recent British Franchise Association (bfa) and Natwest Franchise Survey, franchisees and franchisors remain confident in their own businesses even though they are less confident about the economy overall. In the face of Brexit, many UK-based business owners have felt uneasy and unsure of what the future may hold for themselves, and their employees. In comparison, Stagecoach Performing Arts and its 350 worldwide franchise partners feel secure in their businesses, as franchisee income increased 30% since 2015.
On top of this, as more franchisees opt to engage managers to oversee the operations of their franchise, their overall income has seen an increase of over 40% in the last two years. This innovative system, which was announced at the network’s annual global conference in June 2018, has since been rolled out across the UK. Forty-seven franchisees have already adopted this process, enabling them to offer their students sessions at peak times and allowing for time away from the operations of the weekly schools, to invest in business development and marketing. As of early 2019, 85% of managed schools are at capacity, allowing for more expansion and growth.
Andy Knights, COO of Stagecoach Performing Arts, believes it is innovative processes like these that put Stagecoach at the top of the list for those looking for a children’s services franchise.
“We’re extremely proud of what we have achieved as a network. We have an established system of working with groups of franchisees who meet regularly to review specific areas of our business. They help us shape the future. They are also happy to share suggested innovations with us and we find that this collaborative approach works for all parties. In times of economic uncertainty, it’s incredible to see us go from strength to strength and grow at the rate we have. We’re looking to bring a further 24 franchisees into the network this year and what a better way to start than with four new franchisees in new territories.”
With three franchisees having joined the growing international network, in Berlin, Hamburg and Darmstadt, 2019 looks to be a year of continued growth on a global scale. Since the takeover by TE, the fast-growing live entertainment business specialising in venues, production and live-screening, the brand is able to stimulate the market by offering once-in-a-lifetime opportunities for students.
“Our relationship with TE Group will provide exclusive casting opportunities for our students,” explains Andy. “On top of this, franchisees can deliver specialised workshops within their franchise, providing additional revenue and opportunities for publicity. In addition to our collaboration with Disneyland Paris and various West End theatres, these are incredible opportunities for our students.”
For more information, or to speak with Andy Knights, please contact Kelly Ayres at Rev PR on 07895 876745 or email firstname.lastname@example.org