TRIO World School looking for franchisees for its Pre-school & K -12 ventures
TRIO World School has announced franchise opportunities for its Pre-school (TRIO Tots) & K-12 ventures. K-12 education consists of primary and secondary education from kindergarten to 12th grade.
Naveen KM, Managing Director of TRIO World Academy, said, “We believe in revolutionizing education at an early level and also understand the importance of convenient access, so we are offering franchise opportunity to help students avail quality education at their vicinity.”
The top-class education brand is aiming to impart world-class pre-school and international school education through this franchise initiative.
TRIO Tots believes in the value of the true channel partnership/Franchise in today’s competitive and performance-focused environment. This partnership is built on a model, where partners can leverage on Trio World School brand name, end-to-end setup operational structures.
“This franchise model will help to create a community of people dedicated in providing the best pre-schooling and K-12 experience to children in their vicinity,” he added.
The K-12 school system in India
In India, the K-12 school system is one of the largest in the world with over 1.4 million schools with more than 250 million students enrolled, according to a report by EY-FICCI on the education sector in India. India has the highest number of schools and the highest number of students enrolled in the K-12 system as compared to the UK or the US.
The K-12 market was estimated at Rs 16.65 lakh crore in FY2017. It is expected to grow at a CAGR of more than 13% over the next three years to reach Rs 24 lakh crore.
The K-12 system of education is about ensuring basic elementary education to students from Kindergarten to the 12th grade. Many countries have made the adoption of this system mandatory. In India too, schools are embracing K12 model of education to align with the concepts of Sarva Shiksha Abhiyan (education for all) and the Right To Education (RTE).
Starting a K-12 Business via franchising
Franchising is the most suitable option if you are willing to start a K-12 business under a big and existing banner. For example, Delhi Public School offers its franchise to only those investors who are well educated in the first place. In addition to this, you need to have an area around 2500 sq ft for a preschool, followed by a minimum of 2 acres of land for a high school.
So, franchising could be the best option if you are ready to start your K-12 education business under some renowned and existing banners.
Basic Requirement for Starting a K-12 Education Business
Minimum Investment: Rs 50 lakhs-2crores
Franchise Type: Unit & Multiunit
Anticipated percentage ROI: 15-25%