Facts that make the Education Related Franchise Business a Lucrative and Profitable Option
Franchising has been in existence for long, especially in the western countries. However, the scenario is now rapidly changing for the Indian business market as different national and international brands are entering the Indian market with an aim to dominate their respective industries.
India is now a home of several education franchise brands like Kidzee, Eurokids, Kumon, Bachpan, and more that are successfully catering to their audiences, emerging as one of the biggest education-related franchise brands that exist in the country.
Accounting around 367 universities followed by 18,000 colleges and about half a million teachers, India is indeed a land of opportunities for entrepreneurs and investors interested in the education sector.
Also, components like rising disposable incomes, competitions among the Indian residents for better all-round education for their children, are some of the components that are responsible for the heavy boom the Indian education franchise industry. In the immediate and near future, investment in the education business will make it an evergreen segment for remaining profitable.
Education: A Great Business Opportunity for Investors
Children’s education and health are probably the two prime things, which no parent is willing to compromise on, especially in today’s time. This might be one reason why India has seen several child-centric education and healthcare franchises emerging over the last few years, which have been widely accepted by the domestic market.
Also, growing competition among the students for ensuring good career options have made them convince their parents to spend extra bucks on their development. This too has transformed the education sector into one lucrative and fruitful sector currently existing across the globe.
Holding an important place in the global education industry, India has successfully managed to emerge as a developing and lucrative region for people that want to invest in the education-related franchise businesses.
Education-related Franchise Business Model
Education is a diversified industry that comprises of different segments like preschool, k-12, skill development, e-learning, and others under its umbrella. Practically, every sector and its brands have their own requirements that need to be fulfilled in order to acquire the brand’s name for running the business.
For example, Kidzee is India’s one of the largest preschools chain that has enjoyed great success since its inception. If you are an entrepreneur and are willing to become a part of the Kidzee franchise, you need to have a minimum area of 2000-3000 sq ft followed by an investment capacity of INR 8-12 lakh.
On the other hand, CRBtech Solutions is another fast-growing career counseling and brain programming chains that comes with an initial investment of INR 5-10 lakhs, including the franchise fee and infrastructure. Coming with a standard franchise agreement, entrepreneurs need to have the floor area of at least 500-1500 sq. ft.
Eurokids is another popular preschools chain in India that comes with an initial investment of INR 10-15 lakhs, including the franchise fee, ambiance, and equipment cost. They require the premises on the ground floor, which has a floor area of at least 2000 sq. ft. with an open outdoor area.
Therefore, every brand has its own franchise requirements that could be accessed through a thorough market research and meeting with the brand owners directly. Investors need to identify segments that interest them along with analysing the investment, time, and efforts required in order to enter the education franchising industry like a boss.