Converting An Educational Franchise Into A Smart Business Opportunity

Posted by Swati Mehra on February 21st, 2020

An entrepreneur with a passion for teaching is an unbeatable combination today. With the education sector poised on the brink of an explosion, franchise opportunities in education sector have cropped up in niches where there were none available previously. In fact, statistics say that as of February 2020 there were at least 200+ opportunities present in the education sector.

Some such potentially profitable educational franchise opportunities are:

• Educational franchise: There are many schools which have made a nationwide name yet are restricted to just one location. Entrepreneurs today have the opportunity to negotiate a deal with these schools and open up a franchise to benefit from the brand value of the parent-school. Thus the franchisor gets a chance to expand to regions which were unexplored and the franchisee has the opportunity to use the guidance, marketing skills and the brand value to ensure success easily.
• Playschool franchise: This is another opportunity which requires a very low initial investment and has a very high chance of success within a very short span of time. In fact, tying up with a well-known playschool or preschool franchisor and setting up one of the best play school franchise in a city where people are aware of the brand name, can ensure success overnight. However, care should be taken to ensure that the franchisor playschool has a nationwide presence and the preschool franchise is set up in a place where there are no playschools available nearby.
• Training institutes: This is an education franchise which is known for its vocational and other training modules provided. People, both students, office-goers etc., get in touch with these training centres to brush up and learn new skills like computer training, public speaking, stress management, training in fine arts like music, dance etc.
• Educational support: It would not be wrong to say that of all the franchise opportunities in education sector this is probably the one which is most lucrative. The paucity of time has forced parents to depend on coaching centres offering educational support on different subjects. These centres help to train the students not only for their school examinations but also for board examinations by conducting mock tests so that students fare better in them. Additionally, there are several educational support centres which help to train students for the different professional entrance exams that are currently prevalent in India like the engineering and medical entrance exams, the common law entrance exams, the common admission tests for entry in management courses, banking job exams, civil services exam etc. These coaching centres or educational support centres, start offering franchise once they start showing good results.

There are many different opportunities available in the educational sector. In fact, this is one sector which is able to cater to the different likes and dislikes of entrepreneurs. For example, an entrepreneur who loves children can opt for opening the best play school franchise while one who has specialised in a subject can offer educational support in that subject to teenagers and adults. Thus, it would not be wrong to say that an entrepreneur has a lot of things that he can do with an educational franchise and ensure its success.