School franchise in India

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 of 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 21 8 million with the emergence of a number of School franchise model 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 is the huge population of the country and a significant shortage of the number 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.

What are the types of school franchise model available in India?

#Pre/Play/Kindergarten – Investment- 8 to 45 lakhs ( depending on the franchise)

Area required -1800 ft.² to 2200 ft.²

*Primary school -(upto grade V) Investment required-25 to 50 lakhs

Area required-10,000 ft.²

*Middle school (upto grade VIII)

Area required -15000 ft.²

Investment size- 30 to 50 lakhs *Secondary school (upto class X)

/senior secondary school (upto class XII)

Investment size- 3 to 20 cr

Area required- 1 to 2 acres

Kindly note- the requirement of area varies from state to state. Also, the investment varies from franchise to franchise.

What are the 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 and 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 at its end. Like ;setting up the school, designing infrastructure, developing the ambience, analysing the market, target means of revenue , publicity ,local branding , training, recruiting and day today material as well as educational apparatus source.

In lieu of all the support, it demands a fees either in terms of franchise fees or royalty or both as may be the case.

Tailor made business

As an investor, you may not have the expertise in what all it takes to get a business run smoothly and profitably. Buying an existing school franchise cuts out most of your ignorance, risks, worries as well as doubts but that does not let you go free. Supervising and monitoring for expected profit is definitely sought else the business gets out of your grip and leakages lead to losses.

This is the main reason of failure.

What are the benefits of School franchise ?

A Franchise owner most importantly does not need to start from zero. It earns on the reputation of an already existing brand.

Franchise is a way of working an idea developed by someone. Undoubtedly, there are more advantages to taking a school franchise in India rather than starting an independent business. Education-based business especially school franchise is the foundation for a better tomorrow. It is a privilege to own and run a business in the educational sector. Parents always seek quality education for the children and investment in education never drops. Franchise for school wins over other industries tremendously when it comes to ideal business opportunity.

Why do 15% franchise school fail?

Experience of the Franchisor

Business goodwill increases with time and experience. So, you must invest in their experience. And the record of the same is generally available on the sites of the franchisor. More the experience, higher is 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 behaviour of the staff with the parents and bad attitude towards school and parents, the franchisee starts suffering and collapses due to bad reputation.

Hidden Charges

Additional or hidden charges is generally the cause of losses. Compelling the franchisee to buy material and all necessary educational apparatus from the franchisor or specific Vendors or compulsory compliances leaves no scope for the franchisee to procure stuff at their rates and convenience. The cost of transportation acts as a hurdle. This is the biggest cause of lower profit, slow growth and longer return on investment span.

Some school franchises also charge a contractual renewal fees, royalty charges or visit charges.

f 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. If you are tired of searching for the best school franchises,fret not.

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.