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Last Updated:- 2020-10-21
The preschool industry currently operates on three models according to research. The unorganized sector, consisting of local homegrown pre-schools, is around 70-80 percent of the market. Controlled pre-schools, running on a model of a franchisee and fairly limited in size. The third model is the school feeder model, with a few traditional K-12 schools launching their pre-schools to also reach the early-kids market.
To order to educate our younger generation, lakes and lakes of playschools and preschool franchisees are required. Around the same time, it takes the higher education program. So, there are plenty of prospects for the next 50 years at least. We've got to work very hard and vigorously to fulfill potential demands.
The Indian pre-school market is currently extremely underpenetrated, with just 17 percent of children in the 1.5-4 year age group attending preschool. In the smaller towns where fewer than 10 percent of children attend preschool, the figure is even lower.
The pre-school franchise brands are targeting the smaller cities and towns to penetrate their brand due to competition within the sector particularly in metro cities. Besides, the increasing recognition of pre-schools where children's mental, physical, and intellectual are cared for at an early age has attracted more and more potential women franchisees to operate the pre-school franchises.
Significant growth is seen in the small towns and towns as well as the increasing popularity of pre-school education in the past couple of years, which will also increase in the future.
The driving forces behind pre-school franchises are primarily: increasing parent awareness, an increasing number of nuclear families, and an increasing population of working mothers and double-income families across the country.
With trained and motivated millennials becoming parents, they are likely to want their children to be well-conscious from an early age and not leave any stone unturned to do so. Modern-day parents are searching for some extra edge when it comes to pre-primary education for their children. The scientific study shows that 90% of brain capacity development occurs before the age of 5. With the age range of 1-6 years, it is easier to inculcate ideals, morals, and basic education. This is where preschool demand is growing.
The unorganized market dominated the segment for a very long time, as already described. Grandma, grandpa, and grannies were trustworthy people who cared for the babies. However, with time, families are largely disintegrating due to reasons such as employment, which leads to an increasing number of nuclear families. In nuclear families, it is harder for the parents to care for their children in the absence of elderly people, thus they prefer pre-schools. The preschool franchises have earned higher admissions with the growing number of nuclear families, giving the segment a big drive.
Nowadays, when most new-age mothers do not give up their careers even after having children, the taboo associated with working after conceiving a baby is being broken. This is one of the main factors driving the division of preschools. With both the parents engaged in their professions, pre-schools are becoming their first choice to make their children a healthy place. It also becomes very affordable for the parents to admit their children to pre-schools with double-income families.
In any given industry, including pre-schools, you become your Own Boss Franchise opportunities to encourage investors and aspiring business owners to pursue their business dreams. Choosing a model based on a preschool franchise could empower you to say goodbye to binding jobs that typically limit people within the 8 hours.
Typically, an investment regularly, a preschool would need a maximum amount of 6 hours, which will ultimately save you enough time along with making good money.
This is among the greatest advantages provided to its owners by a franchise-based model. Whether it's a nursery or a different franchise, the company generally offers complete support and encouragement from the very first day to the last day the business was set up.
A franchise-based model, unlike an independent company, decreases the amount of risk and errors that the new business associates can commit. The brand's assistance may include features such as curriculum preparation, infrastructure needs, marketing, teacher training, and other main factors required to make a pre-school company a success.
If you have unused land and can produce a decent amount of revenue from it, selecting a pre-school franchise might be the best option. So, if an individual has an unused property, it's time to make judicial use of it to create or obtain a preschool franchise.
Therefore meeting the basic requirements of the franchising brand could enable you successfully to monetize the unused space.
Depending on the brand's popularity, initial investment while establishing a pre-school franchise cost around INR 10-15 lakhs while reaching the break-point takes time like every other section of the franchise, the risk of suffering a loss is negligible.
Published By:- Teeny Beans