Why is the school franchise business model growing in popularity?

 

Starting a business in India is a brave decision. It involves planning, doing market research to understand the possibilities of success or failure, making financial decisions and so on. But, what if the entrepreneur gets the opportunity to adopt an established brand with years of experience? That would be a promising opportunity that can lead you to achieve your dreams.

The franchise business model allows you to access its expertise and process support at a nominal fee and give you the much needed push into the world of business. Thus, the entrepreneur does not have to worry about starting the business from scratch. There are thousands of different franchise options available in different sectors for those looking to become business owners in the franchise industry. One such popular and growing sector is the education industry in India. India’s education sector offers a wonderful business opportunity for aspiring entrepreneurs with around 29% of India’s population being between the age group 0 to 14 years. With the increase in demand for quality education, school franchise business model in India is rapidly gaining its pace in the business world.

The best part about the school franchise in India is its security. While some amount of risks are involved in every business, the franchise business is subjected to minimal risks as they come with years of experience and market research. However, to make the best use of the opportunity, it is important to associate with a well reputed brand. When you have the right partner, the venture becomes successful for both the parties - the franchisor and franchisee. Here, we will discuss how school franchises in India is a win win business model for everyone.

Benefits for franchisor

Many reputed schools in India are looking to expand their brand. School franchisors have an established practice and a reputable brand. Expanding the business through a school franchise model is the best option and offers numerous advantages for the school franchisors. Let’s have a look at some of them.

1. Network building

If a well reputed school plans on expanding its school business, franchising is the best way to go about it without investing a huge amount of money. It can simply develop a widespread school network and publicize your brand name more.

2. Growth rate of school

The growth rate of school increases to a great extent by opening more and more schools throughout the country. In the process, the brand becomes more recognized with minimal expenditure.

3. Marketing cost

If the school opens its branches across the country, it will require huge marketing costs to make its presence visible. However, in the case of school franchise model, the marketing and advertising cost is shared by the franchisees. There is usually a profit sharing agreement and the management controls remain with the franchisor so that he can keep control over the business.

Benefits to franchisees

School franchisees are the other party involved in the school franchise business model. They decide to open a school in India and choose a school franchisor to associate with. Following are some of the benefits that a school franchisee gets to enjoy.

1. Readymade business setup

School franchisees get a known business setup, that is, they get the know-how, the reputation, the best practices, and also the business plan.

2. Low capital investment

The major benefit of opting for a school franchise in India is the low initial investment cost. The advertisement and promotion cost at the initial level is less as the school has already made a name of its own in the market. The franchisee need not be involved in extensive promotional marketing strategies.

3. Collaboration with a trusted brand

Another key advantage of getting associated with a school franchise is the brand name of the franchisor. It takes years of hard work and effort for any school to establish its brand name in the market. Unlike an independent business, one does not need to start from scratch to create brand awareness.

4. All time training and support

A franchisee business often provides all time support and training to its associates in terms of setting up the business along with other processes like marketing, supplies and recruitment. They also provide ready made curriculum at hand. Research based curriculum is the foundation of any school and the responsibility for regular research and curriculum development lies with the franchisor.

5. Higher profit and lesser financial risk

As you do not have to spend money on promoting or setting up your school, you will be able to enjoy higher profits and lesser financial risks as compared to starting a school on your own from scratch. School franchises follow an organized approach which helps the business considerably as they are able to keep a track record of all the events happening in place.

The above mentioned benefits of the school franchise model prove that it is a win win model for both the franchisor and franchise. It is always easy and better to start a collaborative venture than starting individually. Thus, it is a great choice for people looking to start a school business in India.

Apart from the benefits to the franchisor and franchisee, the school franchise model also proves advantageous to people residing in small towns and cities as they get access to quality education. Due to the booming school franchise business, the Indian education domain has seen a massive expansion in the last few years.

Associate with Shri Educare for the best school franchise opportunities

Collaborating with the best education franchise in India such as Shri Educare can help you set up a quality educational institute in a hassle free manner. Right from deciding on a suitable location, recruitment and hiring of staff to helping you with the funding, Shri Educare assists you at every step. Hence, collaborating with Shri Educare is the best decision you can make if you want to make a mark while helping society in the education sector!