How to Get Franchise of School

Franchising is a practice wherein two entities (franchisor & franchisee) establish a long term association on the basis of an agreement in which the franchisor grants the franchisee with the right to use its business model and brand name. For the past few years, franchising has been growing at a fast pace. In India, franchising business, especially in the education sector is at its peak. This is due to the continuous rise in the demand of educational institutions that provide standardised education. Moreover, taking a school franchise is a wonderful opportunity for people who want to establish their name in the education industry. In case you too want to know the procedure to get a franchise of school, go through the pointers mentioned below:

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  • Firstly, make a decision about the type of school you wish to get a franchise of. You can either get a play school franchise or a 10+2 school franchise. Then, do some research on the internet and make a list of all the brands in the education sector that offers franchise of school.
  • Next, shortlist the best franchise opportunity and plan a meeting with a concerned person from the franchising school. Get all the details regarding the franchise fee that they are charging and what all they are providing in return. After this, discuss the details of the meeting with a legal advisor and make a decision.
  • Subsequently, get the franchise application form, fill it completely and submit it to the concerned person.
  • Afterwards, make arrangements for the funds which you will need to invest for the establishment of your franchise school. You may invest this money on your own or get financial help from private money lenders or government banks.
  • After you have secured the investment, a person from the franchising school will assist you in site selection.
  • Once the land & location is finalised, secure the NOC from the department of education and begin with the construction, followed by whitewashing and woodwork.
  • Simultaneously, sign the franchise agreement in the presence of the franchisor & your legal advisor and retain a copy of it for yourself.
  • Next, the franchisor will guide you through the process of gaining affiliation for your school from an educational board, in case you are opening a 10+2 school.
  • After this, get in touch with the marketing department of the franchising school to get assistance in the marketing and promotion of your franchise school. They will help you to execute cost-effective promotional techniques which in turn will make your school name known in the locality.
  • Lastly, hire experienced subject teachers and other staff like Principal, librarian, lab assistants etc. However, while hiring the teachers, make sure that they are well-learned in their respective subjects.

By following these simple steps systematically, you can set up your franchise school easily. However, you just need to make sure that you conform to the rules & regulations and set standards of the franchising school. One of the superior brands in the education industry which is acknowledged for providing fruitful franchising opportunity is the SHEMFORD Futuristic School. The school chain is spread pan India with 100+ branches at 19 locations. The SHEMFORD franchise guarantees to help & guidance in terms of personalised support, marketing assistance, recruitment & training and academic support. So, click on the tab Enquire for School Franchise to get associated with SHEMFORD.

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Buy a Franchise

For potential investors and businessmen, the education franchising sector offers immense growth opportunities. However, once a decision to buy a franchise has been made, the potential franchisee needs to clarify some points necessary to become a successful franchisee.

How Franchising Works?
In order to become a profitable franchisee, it is better to have a grasp over the basic franchise concepts. To buy a franchise may appear like a simple task to accomplish, but it isn’t that straightforward. There are many different franchising formats. For example, an investor has to decide which franchise format would be easier to manage and more profitable. There is a choice between manufacturing and business-format franchise. Some people are content with selling a brand, i.e. brand franchising.

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A potential investor should know about:
•    Franchisee-franchisor relationship
•    Limitations in a franchise set-up

How to Buy a Franchise?
The most important evaluation has to be about an investor’s individual financial status. Other important aspects of planning to buy a franchise include:

•    Financing options — these options could be provided by the franchisor himself. Usually, once an investor is related to a particular brand, it becomes easier to avail finances from banks and credit institutions.

•    Franchise agreement — this is the defining document and the very sole of the franchise-franchisee relation. The agreement incorporates everything from the franchise fee to the extent of a franchisee’s rights.

•    Franchise consultants — some people are confused about how to buy a franchise. Such potential investors could seek the help of a professional like a franchise consultant.

Buy a franchise or franchisee?
Some people prefer to buy a franchise opportunity directly from the franchisor and establish their own business, i.e. a new business set-up. This offers the opportunity to start fresh with your own space and infrastructure. On the other hand, there are investors who seek to buy a franchise that is already in operation. The investor benefits from a business format and infrastructure that has already been created and is actually in operation but to buy a franchise in the form of an existing franchisee has greater risks attached to it. A franchisee-owner selling his business has to explain the reasons for such a sale and his financial liabilities.

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Qualities of the Best Franchisee

Business franchising has proved to be a successful model to expand vigorously and within a small time period. We now have both product franchise and service franchise, made popular by the franchisors and the franchisee that work for common goals. As any popular brand decides to go for franchise model, the provider or franchisor often conceives the idea of a good franchisee.

Most product and service franchisors favour the qualities and attributes of the franchisee that is hard working and honest. But that is not all. A franchisee that likes and endorses the business model personally is deemed to prove a good one. Unless the franchisee loves the business he is into, the growth opportunities are apparently limited.

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After personal endorsements and liking, comes the commitment. The franchisee must be committed to make his business a success story. Sometimes, it happens that franchise owners are too much disinterested and are entirely dependent on franchisor’s support and assistance. Such franchisee makes little progress, as the motivation and drive to excel regardless of assistance and support is missing.

Franchisee must also be straightforward and honest. Attritions between franchisee and franchisor results in acrimonious relations, which is not a good sign for the healthy development of business for both the parties. The two have to have a mutual consensus and work for the benefit of all.

Here is a checklist to help while awarding franchisee the opportunity to represent the brand:

Past record or experience in the same or similar business
Relations with previous partners or employers
Individual financial strength of the one claiming franchisee
Awareness about and inclination towards particular service or product
Affinity for particular brand

Business franchising is one sure shot for success. Those who miss, do not aim for the right spot.

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How To Start Your Own School

You can start different types of schools based on your investment range. The investment, in addition to the land can range from 3-4 lakhs for a playschool (also referred to as preschool/nursery school/kindergarten/Montessori) upto 20 crores for a full fledged boarding school of international standards. You can start on your own or take a franchise of a school brand.

Interested to Open a School? Call +91-9810775842

Playschool: The area should have at least 3-4 rooms for classrooms & activities. Playschools don’t require any affiliation but you must check with the local civic authorities whether a playschool is permitted at the location you have identified. Ideally, it should be in a decent residential location with a sizeable population in the immediate vicinity. You should also budget for cash for 6 months by which preschools normally break even.
Senior Secondary School: You should check the minimum requirements in terms of area and construction from the school board you are planning to get the affiliation from. The thumb rule for size is – the further your land is from the city- the bigger it should be to enable you to offer more facilities than what city schools may be offering in limited area. You should also budget in cash for 2 years as the break even normally happens by the third year.

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Land Requirements for CBSE Affiliation

The following are the minimum land requirements stipulated by CBSE for affiliation.

In metropolitan cities with a population exceeding 25 Lakhs, the land should not be less than one acre with adequate building and there must be an arrangement with other institution/organization for imparting physical and health education and conducting games in their grounds.

The minimum land area for the schools in NCR, Delhi is 4,000 sq. mts.

In hilly areas, the land should not be less than one acre. The norms as prescribed by the Planning Commission shall be applicable for determining the eligibility in hilly areas.

In all other places, the school must possess at least about two acres of land and a building constructed on a part of the land and proper playgrounds on the remaining land.

In case of lease, it will be accepted if it is for at least 30 years and in favour of Society/School by registered deed.

For more information, fill in your details in the form provided.