Education has eventually evolved as one of the foremost outstanding and profitable sectors within the Indian Business trade. It is believed that if the investor follows the essential tips and guidelines while running an education entity, success is unquestionably looking ahead of them to fancy.
The growing number of brands within the Indian education sector is a great example of how much this sector is profitable. Initially, the industry had limited segments that attracted the educators for pursuing their dreams and goals. But with changing times, the industry is now a home of various sub-segments that are equally profitable and generate revenue. Moreover, the growing concept of franchising has added the cherry on top for Indian Educators. Everyone is very well aware of the gaining popularity of the franchise-based business that is now re-shaping the Indian education market. Education business owners are taking a route towards franchising to diversify their business alongside reassuring success as a complete package.
Ideal Model For Increasing A Brand
People enter any business vertical with the hope of creating their brand’s name by increasing their branches all across the country. As time passes by, people notice that their dream to expand the business may simply become reality by following the franchising path. Currently, India contains a ton of academies and institutes that do nice business and have with success introduced their branches all across the country via franchising. Beyond question, the idea of franchising has actually revolutionized the Indian education market with a lot of technological and pedagogical advancements for the times ahead.
Basic Benefits of an Education Franchise
Despite being an old idea, franchising has recently begun to gain large momentum and growth because of its increasing awareness. Potential investors are realizing the advantages of the model and how it will facilitate them to achieve their goal.
Mentioned below are some key benefits of an education franchise business.
Tried and Tested: When you invest in a running business, it gets very beneficial for you as well as it gives you a sense of confidence and assurance. Predefined protocols, SOP’s, policies, processes and systems add to the quick turnaround of the venture. Although, It does involves a lot of hard work and following the protocols given by the franchise, however, It also ensures success through the tried and tested methodology.
Trusted Brand: Another important advantage of a franchise business can be that it involves recognition with a well trusted and a very reputed brand. It also provides a well-established brand name to the investors. Not only this, they all get nationwide acknowledgement as well. In this business, you don’t have to start from scratch in order to run a business and create brand awareness and instantly join the pool of investors who have already joined hands with the established brand.
Support Provided : Franchises also get the all time support from their franchisor in terms of everything like setting up their business, supplies, marketing collaterals, plans and publicity, defining the org structure, setting up recruitment processes etc. and above all that, you receive continuous training and the support from the corporate office.
A Turnkey Business : Many people have the skill to run an existing business but they don’t have much expertise in all domains and fully understand what all it takes to start a business from scratch, connect with the suppliers, complete the compliances and formalities etc to set the ball rolling and running – whether it is obtaining financial documentations, loans or negotiating lease terms etc. Buying an existing franchise can cut out most of your hard work like finalizing a suitable site from the shortlisted locations, negotiating a lease, etc.
So if you are looking to open a school Franchise Brand then, Shri Educare Ltd is your go-to consultant. Shri Educare Ltd (SEL) helps investors with franchise business expansion plans in the pre-schools and K-12 schools sector with full support, care and commitment.
Why Is The Education Franchise A Profitable Business?
Some might probably think why the Education Franchise Business can be a good investment start for you. But the mere fact that education has been fused into the lives of human beings makes it a very flourishing and profitable industry.
The education sector is also profitable especially in countries where it is necessary for every child who is of the age to go to school. Government is also excessively investing in education to improve their nation, even urging private investors to invest in the education sector so that education from primary school to university level can be offered.
In addition, the Educational Franchise Opportunities in the education industry is also huge. In fact, an innovative and very creative entrepreneur can have limitless opportunities to make his or her business concept highly marketable in the industry.
The main question, however, in the flourishing education industry is not how profitable the business is but how entrepreneurs will be able to balance their money-spinning potential while having a compassionate vision.
Education Franchise Opportunities In India
The Education Franchise Business has been in existence for a long time, especially in western countries. However, the scenario is now very fastly changing for the Indian business market as different national and international brands are entering the Indian market with a vision to dominate their respective industries.
India is now a home of various Education Franchise Brands that are successfully serving their audiences, coming up as one of the biggest education-related franchise brands that exist in the country.
Also, elements like rising incomes, competitions among the Indian residents for a better all-round education for their child, are some of the elements that are responsible for the heavy boom of the Indian Education Franchise Opportunities.
In the immediate and near future, investment in the Education Franchise Business will make it an evergreen section for remaining profitable.
So Are You Ready To Learn More About Buying An Education Franchise?
Let Us Have A Look That Why You Should Consider A School Franchise
Benefits Of Education Franchise
Despite being a traditional idea, Education Franchising Opportunities has started to gain large quality and growth because of its increasing awareness. Potential investors are realizing the benefits of the way it will help them and come through their vision.
Mentioned below are key benefits of an Education Franchise Business:-
A Great Business Opportunity For Investors
Children’s education and health are probably the two important things, which no parent is willing to compromise on, especially in today’s time. Also, growing competition among the students to make sure they have 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 profitable and successful sector currently existing across the globe.
Holding a necessary place in the Education Franchise Industry, India has successfully managed to emerge as a developing and profitable region for people that want to invest in the Education Franchise Businesses.
Education-Related Franchise Business Model
Education is a diverse industry that consists of different sectors like preschool, k-12, skill development, e-learning, and others under its umbrella. Practically, every segment and its brands have their own needs that need to be fulfilled in order to obtain the brand’s name for running the business. Therefore, every brand has its own franchise requirements that could be accessed through in-depth market research and meeting with the brand owners directly.
Investors need to identify sections that interest them along with analyzing the investment, time, and efforts required in order to enter the Education Franchising Business with full preparation.
Ideal Model To Expand A Brand Pan India
Investors enter any business industry with the hope of making big along with expanding their brand all across the country. With time, investors have realized that this dream could easily be turned into reality by following the Education Franchising Business pathway.
Right now, India has a lot of institutes that are doing great business and have successfully introduced its franchisees all across the country through Education Franchising Opportunities.
Undoubtedly, the concept of franchising has certainly changed the Indian education market with more Education Franchising Opportunities to come in the near future.
Collaboration With A Trusted Brand
Another major advantage of getting connected with a franchise is that it provides a well-established brand name to the investor. Unlike an independent business, one doesn’t have to start from zero in order to run a business and create brand awareness. Moreover, the associates enjoy the worldwide acknowledgment that releases an enormous amount of pressure from the investors.
The most important thing is that you receive regular training and you get all the support from their corporate office. Franchises also get all-time support from their franchisor in terms of support like setting up their business, supplies, marketing, and promotion, recruitment, etc.
A Sense Of Assurance
When you invest in running the business, it gets very profitable for you as well as it gives you a sense of confidence and assurance. It involves a lot of hard work and the instructions given by the franchise that you need to follow. It also gives support to its associates as well.
So if you are looking to open a Franchise Brand then, Shri Educare is your go-to stop. Shri Educare helps investors with franchise business expansion with full support, assistance, and expertise.
PROCESS OF SCHOOL REGISTRATION IN INDIA
If you are planning to start a school in India, what you need to know first is that in each step of opening the school you need to have a license, certificate, or documentation which you need to create and maintain for future use. Getting a License is one of the pivotal things you need to do while you open a school.
Opening a school comes with a lot of responsibilities. You need to do paperwork including approval from an education board, physical infrastructure, and the academic and non-academic curriculum which is also required.
Establishing A School
It can be a responsible task while establishing a school in India. Despite this, a lot of people are interested in opening a school in India because of the never-ending demand for quality education. Also, investing time and money in the education sector is a profitable idea. It not only brings you profit but also earns you respect in society.
However, setting up a school is not only constructing the structure in the form of building classrooms and making up the libraries and laboratories, instead, it includes getting permissions and licenses from concerned authorities at various stages.
Further, private individuals cannot set up schools. It starts with the setting up of a trust or a society, with five or six members governing board members.
Registration Of School
The increasing demand for quality elementary education in India has led to the growth of pre-primary and primary schools. The primary schools help to take care of the young minds and prepare them to face the competitive world.
So, if you plan to set up an educational institution then, go for a primary school because investment in this recession-free sector is no doubt a wise decision.
Hence, to ensure the easy and simple functioning of your educational institution, keep in mind the steps mentioned below to get your school registered.
Setting up a school- First and foremost, form a society or a trust consisting of five or six members with a President, Chairperson, and a Secretary who will keep a check on its operations and get it registered under the Societies Registration Act,1860 or the Indian Trust Act,1882, respectively.
Opening up a school in India involves a lot of legal processes from the very starting. While forming a society or a trust, you should have a Memorandum of Association, a document required almost at every stage later.
Look For The Land – After the society is registered, the next step is to look for the land. The land could belong to the society/trust or could be purchased from the Government. So, ensure that you obtain the No Objection Certificate (NOC) signed and stamped by the Department of Education which shall verify the school requirements in that area.
There are two ways – first, society or trust has a land of its own. Second, the governing body decides to buy land for the suggested school. Buying land from the government needs permission in the form of an Essentiality Certificate from the Department of Education of the concerned state which verifies the requirement of a school in a particular area.
Forward It To Land Owing Agencies- Once you obtain the EC, forward it to the concerned land owing agencies like MCD or DDA for allotment of land for the establishment of the school. The EC comes with a condition that construction must begin within three years, failing which the society will have to reapply for the same. Even if a member on the board of a governing body has land that could be used for setting a school, a No Objection Certificate from the Department of Education telling the requirement of a school in that area is needed.
Start With The Construction Process- Once you get the NOC, submit it to the concerned land authorities of the area, following which you can start with the construction process of the school. The land is allotted to the governing body at subsidized rates which is usually allotted through auction.
Apply For Recognition- After the construction of the school building is finished, you will have to apply for its recognition. In the case of primary schools, the State government approves the recognition, issued by the municipality.
Once the construction is finished, school authorities need to apply for recognition from the concerned authority. For example, recognition up to fifth class is granted by the municipality, and for sixth to eighth grades, the Department of Education grants recognition. In addition to this, the DoE grants recognition for higher grades as well, but only after a minimum gap of 2 years.
Follow The Guidelines Of The Board – The school will need to follow the syllabus, books suggested by the affiliating board, and pay specified salaries to the teachers.
Further, you need to acquire certificates for hygiene, water, and completion of the building from the municipality as well. After that, you are free to seek affiliation from CBSE or ICSE Board which implies the school will have to follow the rules and regulations of the Board to which the affiliation is sought to. It means the school will have to follow the rules and regulations of the board it is getting affiliated to.
Keep The Details Of Land- In addition, you should keep the details of land and building, auditor’s statement, bank statements of the governing entity, and their members for future use. Also, make sure that you acquire consent for hygiene, water, and other basic amenities from the concerned authorities.
To shape your school for a greater future or to decide the kind of program for your new school, you need to understand the detailed affiliation process of all these education boards.
Points To Keep In Mind While Getting A School Affiliation
Before getting affiliation, schools have to keep the below-mentioned points in mind:
- Get your school recognized by the state education department. CBSE and NWAC accept applications from schools that have a previous recognition certificate of the state department where it is located.
- Get your school associated with either trust or society.
- Make sure you fulfill the physical infrastructure needs of your school. For example, CBSE advises the schools to have land within the range of 1.5 acres to 2 acres depending upon the type of school in terms of the classes taken. However, there is no minimum infrastructure needed in the case of NWAC affiliation. Infrastructure needs are evaluated on a case to case basis. They stress more on academic infrastructure.
- Make sure you hire experienced staff including an experienced principal with fixed salaries as per the state-level pay requirements. Complete architecture and the size of the building, classroom, and library must be approved by the government. Your school must have an Employee Provident Fund and ESIC requirements to be fulfilled.
The fulfillment of these conditions may take time from a couple of months to a year.
Important Documents And Licenses Needed
In India, a lot of legal processes come into the picture with regard to Opening a school. There should be a Memorandum of Association when the school trust or society is being formed. This document proves to be useful at all in the later stages. The owners also need to have a proper project report for their school.
The following details are considered as being important as well-
Name Of License
- Societies Recognition Act, 1860, a Registration Certificate of Society,
- Essentiality Certificate DoE,
- Certificate of Recognition MCD/ DoE,
- Certificate of Upgradation DoE,
- Certificate of Affiliation CBSE,
- Certificate of MCD MCD,
- Affidavit regarding the proper purchase of land and no violation of master plan in the land used,
- MCD/Development Authority of the Concerned State,
- Sanctioned Building Plan approved by MCD/DDA/ Site Plan of the Building,
- Building Fitness Certificate MCD,
- Health Certificate MCD,
- Water Testing Report from the water board of the particular state,
- Completion Certificate DDA,
- Duly approved Scheme of Management DoE,
- Land Use Permitted Certificate (in case of land taken on rent) by the Landlord.
Documents To Be Submitted
Alongside the application for the Essentiality Certificate a fee of Rs. 500/- and a set of documents are to be submitted which are as follows-
- Memorandum of Association,
- Regarding the relationship of society members an Affidavit is required,
- Copy of Reserve Fund for Rs. 2 lakhs from the bank,
- Regarding the proper operation of the school Affidavit is required from the management, as per Delhi School Education Rules, 1973,
- Undertaking regarding fees and other charges,
- Full details with List of members of the society,
- Details of land and building,
- Project report of the proposed school,
- Experience of members/society in the field of education,
- Scheme of Management,
- Documents related to ownership of land given to the school,
- Auditor’s statement of account(s),
- Staff statement as Performa,
- Other fund charges and Rates of fee,
- Enrollment of students
Though setting up a school is a smooth procedure and it is also a very profitable area to invest in but, if you find that establishing a school and getting it registered is not something that you want to go for then take up a school franchise
Shri Educare offers you the best franchise opportunities. Association with Shri Educare will ensure 100% support and expertise in establishing and registering the school. So, join the pioneers in the education fraternity and keep all your tension at bay.
Shri Educare offers the best education franchise to convert your dream of opening a school into reality.
Shri Educare provides the brand, the curriculum setup, and marketing strategy amongst other benefits. So, enter the recession-free education sector by getting associated with Shri Educare
THE ESSENTIAL GUIDE TO HAVE A BEST EDUCATION FRANCHISE
The education sector has a plethora of opportunities for new businesses all the time. But starting up a business from zero does not suit everyone. In such cases, an education franchise can be a great option. Franchising is all about getting the right to use a firm’s business model and brand for a period of time. The owner of the brand (the franchisor) legally gives the investor (the franchisee) the right to use the brand’s name through a contract. Therefore, it depends on the contract whether the new business is an exact copy or has some changes.
Why should you be a franchisor?
- Experienced management — Business owners don’t have that much time to train new staff. In school franchises, managers usually become owners. They will also take better care of functions, train their employees better, and invest in innovations.
- Smaller staff — Money spent on staff reduces as each franchise hires its own staff.
- Growing and profitable sectors — Franchises help the branches to grow faster. The company can become a market leader, outperform the competition, and make more profit.
Why should you be a franchisee?
- Reduced risk — The reputation of the franchise is already established. The franchisee does not have to convince customers as they are already aware of the brand and its reputation.
- Advertising — Any advertising put out by the franchiser is going to benefit you.
- Relationships — Relationships with vendors are usually already established. You can also get support from other franchisees and the franchiser.
- Training — In some cases, the franchiser will take over the duty of training the staff. This saves the time of the franchisee.
Points to keep in mind while establishing an education franchise
A business plan is the best way to establish your goals. Gather details and information, and research the market. Once you have the business plan, write down what you hope to achieve with your business. Examples can be:
- You want to establish 2 franchises in three years.
- You want to build a good customer-franchise relationship.
- You want to earn a certain amount of profit in five years.
You can then calculate your estimated investment and projected ROI. This business plan will not be only helpful but can help to convince the franchisor and banks of your dedication to the venture.
There are various sectors of industry to choose from. And here you have obviously chosen education. But even in this sector, there are various sub-sectors. You can even establish yourself in any of the following:
- Early Education (Daycare & Preschools)
- K-12 Education
- Higher Education
- Vocational Training
- Coaching & Tuitions
- Education Consultants
- Education Supplies
- Remote Education (Online & Distance)
Each sector will have its own set of prosperous franchises. You may pick your franchises based on your goals. Researching about their brand, profits of investing in that franchise, and other business aspects can also help you pick a few franchises to approach.
Make an offer
Once you have a few franchisors in mind, you may start to approach them to make an offer.
Documentation and contracts
The contract will have all the legal documents related to the franchise i.e the fees to be paid, the duty of the franchisee, etc. These documents will present as proof of your role as a franchisee.
Permissions and licensing
The necessary permissions and licenses need to be obtained. These include the licensing to use the franchisor’s brand name and branding, and also the licenses that, for example, allow your location to serve as an educational institute.
If your franchisor has a training program, you should go for it as it will turn out to be beneficial for you. In these, you typically learn the policies and business practices for the best school franchise. When it comes to your staff, your contract should have stated who is in charge of training the staff. If the franchiser is in charge, it would be best if the training is done before the opening of the franchise.
Even after you start a franchise, you must carefully check all the factors that make your business a success or a failure. Net profit, development, customer fulfillment, and other results can tell you where upgradations are needed. Making your business successful requires carefully going out of your comfort zone and interacting with your employees and customers, among other factors.
Every business should always have an exit plan. It is best to set a time period for your business, eg. 6 years, as a deadline. If, after that period, the business is still facing losses and cannot be upgraded, it is best to shut down your shop.
Education franchise worth your investment
The sheer variety of franchise ideas is nothing short of intimidating, however, you will be ready to start crossing a good chunk of them off your list straight off, now that you know exactly what you want. This helps not to look at specific brands, but first at particular types of businesses (retail, non-retail, or industrial for example). When you’re doing so, be sensible, not emotional. Driving to different houses and grooming hundreds of different brands may seem fun to you or not, but does it meet the criteria you’ve just established about your goals, skill sets, and risk tolerance? And even though you’re narrowing down options, don’t cross something off your list without thinking it through past your initial impressions. Once you’ve checked everything on your initial list, it’s a good idea to set a particular time limit to come up with some specific franchisors that are possibly good matches for you.
Franchises are an easier way to start your own business, but the benefits and advantages should be calculated beforehand. Education is a recession-proof sector. Once you have a customer, they are less likely to leave. It is an ideal place for the education franchise, with lots of opportunities and many franchise options. If you are looking for that middle path between being an entrepreneur and corporate buff, an education franchise might just be for you!
Shri Educare offers you the best franchise opportunities. Association with Shri Educare will ensure 100% support and expertise in establishing and registering the school. So, join the pioneers in the education industry and keep all your tension aside. Shri Educare offers the best education franchise to help you with opening a school with all the necessary help that they can provide. Shri Educare provides the brand, the curriculum setup, and the marketing strategy amongst other benefits. So, enter the recession-free education sector by getting associated with Shri Educare