Looking for low investment Education Franchise Opportunity?
One cannot deny that school franchise have 85% success rate in terms of gaining experience and know-how and better income.
School franchise is a tailor made and proven arrangement with necessary compliance and policies which guide the investor to set up quality school and ultimately draw better income than the independently owned schools.
What is the scope of school franchise in India?
It is recession proof
Whatever may happen in the world, school and academic institutions will never shut down since education is the basic need of humans which means that school franchise will never see a downfall unless the partner stops working.
The demand for schools is ever growing
The Indian school market alone reached a value of US dollar 343 billion in 2020 according to IMARC. It is expected to grow at a rate of 13.74% during 2021 to 2026 despite Covid-19. India holds a very important place in the global education industry with around 1.55 million K-12 Schools and a student base of 218 million. With the emergence of a number of School franchise models by private entrepreneurs, a lot of growth has been seen in infrastructure and technology. Even the mode of teaching has grown significantly. As a result, the academic performance has improved tremendously.
The primary factor driving the school franchise in India
India has a huge population and a significant shortage of schools to provide quality education. With the constantly growing population of around 1.37 billion, India represents the world’s second largest populated country after China. This represents a huge consumer base for the education sector.
Types of school franchise model available in India
#Pre/Play/Kindergarten – Investment: 8 to 45 lakhs (depending on the franchise)
Area required: 1800 ft² to 2200 ft²
Primary school (up to grade V) Investment: 25 to 50 lakhs, Area: 10,000 ft²
Middle school (up to grade VIII) Investment: 30 to 50 lakhs, Area: 15,000 ft²
Secondary school (up to class X) / Senior secondary school (up to class XII) Investment: 3 to 20 cr, Area: 1 to 2 acres
Advantages of school franchise in India
Abundant choice
As a Brainpreneur, you can choose any school franchise model that suits your financial status and meets your expectations. By choosing or joining any school franchise, you pick up the proven leader to guide your institution to run efficiently and effectively.
Easier to get started
Buying a franchise makes things quite easier for an investor since having the knowledge from scratch is full of doubts and seems scary for an investor.
Chances of success get multiplied
With tried and tested model, it offers you confidence and assurance. Investing in a franchise takes away all your doubts, worries, and risk.
Day to day Support
Franchise model is like an elderly person in the family to guide and support you with all the resources available. It helps in setting up the school, designing infrastructure, developing the ambience, analysing the market, target means of revenue, publicity, local branding, training, recruiting, and daily material as well as educational apparatus sourcing.
Tailor made business
Buying an existing school franchise cuts out most of your ignorance, risks, worries, and doubts. Supervising and monitoring for expected profit is definitely sought, else the business gets out of your grip and leakages lead to losses.
Why do 15% franchise school fail?
Experience of the Franchisor
Business goodwill increases with time and experience. So, you must invest in their experience. The record is generally available on franchisor websites. More the experience, higher the value and market stability of the brand.
Quality and Standards
Most of the school franchise models are owned and run by businessmen who focus on material supply and methods to mint money. Therefore, try to choose the school franchise which is run by experts in the field of education.
Training of staff
In the absence of trained and skilled staff, the franchisee suffers. Due to unprofessional behavior of staff with parents and bad attitude towards school and parents, the franchisee starts suffering and collapses due to bad reputation.
Hidden Charges
Additional or hidden charges are generally the cause of losses. Compelling the franchisee to buy material and educational apparatus from the franchisor or specific vendors leaves no scope to procure at own rates. Transportation cost acts as a hurdle. Some school franchises also charge contractual renewal fees, royalty charges, or visit charges.
If you are an investor or have any kind of stake or are planning to foray into the Indian school market in any manner, checkout all these. Read this blog carefully, hopefully it will answer all your queries and help you shortlist the perfect one from a myriad of school franchises available and take a decision to build your dream school.