It is a method of business where two parties (franchisor and franchisee) create a long-term partnership based on an agreement under which the franchisor provides the franchisee the right to use their branding model and business model. In the last few years the growth of franchising has occurred rapidly. In India the business of franchising particularly in the field of education, is at its highest. The reason for this is the constant growth in the number of schools that offer standard education. Additionally, acquiring the preschool franchise is a fantastic opportunity for those who wish to establish their brand within the educational industry. If you’re also interested to learn more about the process to acquire a franchise for a school.
Read the tips to get franchise of school
Make a choice
- First, you must make a choice on the kind of school you want to franchise. You could choose to purchase an elementary school franchise or an 11+2 school franchise. Do some online research and compile an inventory of all the companies in the education industry that offer the playschool franchise.
- Then, you should narrow down the most suitable franchise option and arrange an appointment with a concerned person from the school of franchising. Learn all you can about the franchise fee they are charging and they will provide in exchange. Then, you can talk about the results of your meeting with a legal professional and take a decision.
- Then, you should download your Formulary for applying to franchise complete and then submit it to the responsible person.
- After that, arrange to secure the funds you’ll require to invest to establish the franchise. You could invest this funds on your own or seek financial assistance by private lenders or public banks.
Look For secure investment
- Once you have secured your investment, someone from the school of franchising can assist you with choosing the best location.
- After the land and location is determined, get your NOC at the Department of Education. Then start building which will be followed by whitewashing and woodwork.
- At the same time, you must also sign the franchise agreement in your presence with the franchisee as well as your legal advisor. You should keep an original copy to keep for yourself.
- The franchisor then will assist you in the process of getting affiliation for your school with an educational board in the event that you’re planning to open a school.
- Once you have done this you can contact Marketing at the school that you are franchising for assistance with the promotion and marketing of the franchise school. They can assist you in implement cost-effective marketing strategies that can in turn establish your school’s name in the area.
- Additionally, employ experienced instructors and other staff members like the Principal and librarians, lab assistants, as well. But, when you hire the teachers, ensure they have a solid understanding of their particular fields.
Conclusion
If you follow these steps, you will be able to create your franchise of preschool quickly. You just have to ensure that you adhere to the regulations and rules as well as establish standards for the school you want to franchise.
