If you have always wanted to open a
school but find the initial phase too daunting, you should consider
investing in a school franchise instead.
The school franchising model works like
this – you buy the rights of another school brand to run a school.
As you are borrowing another school’s
proven education model, school franchising can be a much secure bet
for starting a school. In the following paragraphs, we are going to
discuss a few factors that you should consider before investing in a
higher secondary school franchise.
1. Demand
As is the case before starting a new
school, find out about its management, its reputation, total number
of franchisees it has offered till now and the services it is
offering to its franchisee. If you are investing in an overseas
brand, then find out whether it is well accepted in India or not.
2. Track Record
Just because a school offers franchise
of high school doesn’t mean it’s worth investing in. You
should only invest in the school franchise that has established
itself as successful at franchising its school.
3. Investment
One of the greatest hindrances to
investing in a school franchise is that unlike starting your own
school, where all the capital is invested in its setting up, a
sizeable portion of your primary capital goes to the school
franchisor as fees for training, and licensing rights. Look at what
the school franchise brand will be offering in exchange for the
franchise fees, and assess the time it will take to earn invested
money back to determine if a school franchise is a sound investment.
4. Competition
If the brand is a well-known, there may
by now be lots of franchisees functioning in the vicinity. Consider
first if the school franchise and industry you’re selecting is a
calculated business to enter as it’ll be difficult to establish
yourself if there are various competitors in that market.
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