7 key factors for choosing the best school franchise in India

Are you planning to step into the school franchise industry? This blog will be your helping guide to how to evaluate various franchise opportunities in India.

So, you are interested in investing in a school franchise but do you know how to choose the best one from the numerous options available out there? Selecting a school franchise in India can be quite overwhelming. You must select a brand that has adequate experience so that your investment does not go to waste. There are a variety of other factors that come into play when evaluating a franchise business opportunity. Therefore, we have compiled a few pointers to evaluate a franchise business opportunity.

How to select the best franchise opportunity

Franchising has become an attractive business opportunity for many aspiring edupreneurs. With India’s young population increasing at a rapid pace, (approximately 29 percent of the total population between the age group 0 to 14 years) the education industry offers numerous opportunities. However, if you are planning to enter into the franchise business, you must do enough research and evaluate the business opportunity. These are the 7 important factors that you must look out for when making the most important decision of your life.

1. Market demand

It is important that you carefully evaluate your decision of starting a franchise business. Many people invest in the franchise sector with the aim of making profit but later come to a realization that is not something that they enjoy doing or in some cases they just rush through the process without defining the market. Thus, it is important that you consider the following things:

• Which sector involve your interests where you can best use your skills
• Research about the new and emerging franchises
• Evaluate various franchise options and check whether the market is in the growth phase or declining

2. Experience

This is one of the most important factors to consider before going for a franchise tie up. Determining the number of years of experience in the industry as with a new franchise, there is always some level of risk involved. Like any investment, there is a probability of failure and success when it comes to investing in school franchises but with a well established franchise it is relatively easier to join.

Thus, the number of years a franchise brand has been operating is important to judge to ensure that they have a good track record. Moreover, since you will be paying for the goodwill when you join the business, the more years they have been operating in the system, the better it is!

3. Franchisor management

It is wise to do a management background of key franchisors as there are a lot of inexperienced ones in the market. It is important that they have experience in the franchise industry. To find out the same, you can read reviews about the management from different websites, reviews from experts and so on. This will help you get a brief picture of the brand and the people behind it. Figure out their ethics, morals and ensure that they are actively engaged in the national and international industry forums.

4. System quality check

Make sure you spend enough time researching the franchisor company. This will help you reach the results in a profound manner. online and offline too. Visit their official website and know about the programs. Connect with social media platforms for determining their reputation.

Additionally, you can also conduct your research by talking to professionals in areas in the school franchise industry. It is important to be assured completely before making the final decision.

5. School structure

School design and its structure are of paramount importance when you’re opting for a school franchise in India. Visit the school of the franchisors you wish to tie up with to see their interiors. Often, franchisors provide the franchisees with the freedom to personalize their locations. However, this way there is no uniformity in the infrastructure of the school branches.

6. Training and recruitment process

Educational staff and faculties are the backbone of any educational institution. Therefore, you need to know about the support provided by the franchisor in hiring them. Enquire about the franchise training - initial & ongoing, limitation on the number of people and the charges per head before finalizing on a franchisor brand. The best education franchise in India will guide you at every step of the setting up process of your new school.

7. Technology and market trends

In today’s digital era, maintaining pace with technology is important for an educational organization. Students prefer learning with the assistance of tech. This is why any organization with a relevant understanding of technology is of crucial importance for advancement in the chain of schools.

Thus, a school franchisor with the latest technology will definitely have high chance of being profitable in the long run. This would turn out to be beneficial for both your students and your business.

These are some of the important factors you should look out for while selecting your potential franchisor. To help you ease the process, make sure you shortlist an experienced brand like Shri Educare to set up a quality educational institution.

Hrithik Chaurasia is a Digital Marketer, having more than 3years of experience in Digital marketing. His passion for helping people in all aspects of online jobs and freelancing.