Wall Street English continues its development in Spain
Spain’s English language learning industry is already a billion-dollar growth market and market research suggests that it is set for rapid expansion. That’s why Wall Street English is taking its investor roadshow on the road over the coming months in its search for Area Developers to invest in this dynamic market.
47 years ago, Wall Street English started delivering its innovative English language teaching to students. Over the years, it has grown into a network of 422 centers across 29 territories. It has delivered this growth through exceptional franchise opportunities offering investors low-risk, high-reward and a rapid ROI.
Since the beginning of the year, the world’s leading English language franchise has opened 15 new centers globally – 5 in Italy, 2 each in Chile and Saudi Arabia and one each in Indonesia, Thailand and Vietnam. It has also opened its first center in Mongolia. And now, Wall Street English has recently launched its second Spanish learning center in Terrassa as part of its ambitious development plan for Spain.
But why Spain in particular?
A platform for growth
In 2018, HTF Market Intelligence conducted a survey for Wall Street English confirming the current value of the English learning market in Spain at €1,015m p.a. It also stated that the market is expected to grow by a massive 80% over the coming years. And with center-based learning at the heart of the Wall Street English model and 70% of the market in Spain choosing this as their preferred learning method, it represents a huge opportunity for a fast return on investment based on a trusted and proven proposition.
The same survey shows that 45% of Spaniards have either no knowledge or only a basic knowledge of English. In addition, 74% of respondents indicated their clear intention to either begin or continue their English studies and 70% confirmed their ambition to pursue it to an advanced level. It all adds up to a highly attractive investment opportunity. That’s why Wall Street English is now looking for investors / Area Developers to support its growth by opening several centers within a defined region over the next 4-5 years.
WSE development plan: top priorities in Spain
According to Lex Baker, the New Business Development Director at Wall Street English: “Our top priorities in Spain are the Madrid region, Catalunya, Andalusia and Valencia. Between them, these regions cover almost 70% of English learners in Spain. Our market analysis confirms that there is enough demand for up to 50 centers across the whole of country, with up to 35 of them expected to be within these 4 regions.
“We’re looking for Area Developers to open several centers over the next 4-5 years. Our “plug & play” business model has been proven over the years, and our experienced team will provide comprehensive support in all key areas both before and after launch. Wall Street English is constantly investing in our product, efficacy and customer experience so that we constantly stay ahead of the industry. By the end of 2019, we will have introduced speech recognition, alerts, new educational materials, support tools and upgrades for our Learning Management System. It is this proven business model combined with our experienced team support and our continual investment in product and customer services that add up to a great opportunity for anyone looking to invest in a highly competitive model within this sector”.
Wall Street English roadshows are planned across the whole country over the coming months. Find out more on our Spanish events page. During these 3-hour information sessions, you will meet the Franchise Development team and find out more about Wall Street English investment opportunities within the specific regions.
For further information on development plans at Wall Street English, please contact us.