Profitable Education Franchise Ideas that you can start as a Venture
With the largest population of students and learners, the Indian education industry has become the most desirable location among edupreneurs to start an entrepreneurial venture. Education franchises are being set up in the country, thereby fueling both the education and franchise industries.
There is a lot of scope in the education franchise sector as variety of business opportunities are shaping up within the education industry. Here are some of the most profitable education franchise ideas that can be started as a venture right away.
Increasing population of working parents, their concerns towards children, and increasing awareness has fueled the growth of daycare/preschool businesses in India. According to recent reports, the preschool or childcare market in India is poised to grow at a CAGR of 22% by 2020. Many preschool franchises operate within India and offer franchise opportunities to aspirants. Big brands such as KidZee offers franchise opportunity that could be grabbed with an investment of Rs 12-15 lakhs for an area of 2000-3000 sq ft. It’s a low cost business idea that has great demand in the market and ensures greater returns.
The knowledge of more than one language is given an upper hand in most of the employment opportunities; this is one of the main reasons why language schools are gaining momentum in the Indian education industry. Moreover, there are opportunities to work in foreign establishments like High Commissions or Embassies, as well as in teaching.Language schools franchises are there to help people in gaining linguistic skills so that they can grab those opportunities. Foreign languages like English, German, French and Spanish are few of the most demanded languages in India and students heavily enrol in institutes or schools that teach these languages.
The British Institute of Language & Overseas Education, one of the most famous language institutes, offers franchise opportunity that requires an investment of Rs 6-7 lakhs for 400-500 sq ft. Instituto Hispania, a Spanish Language institute, offers franchise that could be started in Rs 24 lakhs for 1750 sq ft.
Skill Development Institutes
As per reports, India is facing a challenge to provide vocational training to almost 500 million people by 2022, which can only be overcome by providing as many skill development centres as possible. Vocational skills such as IT and aviation are among the top demanded skills in India. Institutes like APAR India Group of Institutions, and The Indira Gandhi Institute of Aeronautics (IGIA) are operating on franchise models and offer franchises to aspirants. The investment required to buy an APAR franchise is Rs 11-15 lakhs for 1000 sqft while an IGIA franchise could be owned inRs 8-10 lakhs.
In recent years, edutainment-related businesses have found their place in the mainstream education industry and are increasingly gaining acceptance among the millennial. Entertainment activities like quiz, edutainment theme parks, gamified learning apps etc are being amalgamated in learning activities, making learning an interesting concept for children. Edutainment franchises such as Nutty Scientists (a science enrichment program) and Kids Age (a children national newspaper) are new concepts in the field and are growing via franchising.
Traditional school system has always incorporated sports in their curriculum but somewhere it has always been insufficient to cater to the growing demand of sports education among the millennial. In today’s time, parents are willing to spend money on activities that ensure their children’s overall development, whether it’s about their studies or sports. Sports educators are starting with their entrepreneurial ventures to fill the gaps and help the aspirants to learn sports. A Sports’ training franchise such as Mission Sports gives opportunities to sports’ educators to own their franchise in Rs10-15 lakhs.