What to Consider Before Buying a School Franchise

1. What to Consider Before Buying a School Franchise If you have always wanted to open a school but find the initial phase too daunting, you should consider investing in a school franchise instead. The school franchising model works like this – you buy the rights of another school brand to run a school. As you are borrowing another school’s proven education model, school franchising can be a much secure bet for starting a school. In the following paragraphs, we are going to discuss a few factors that you should consider before investing in a higher secondary school franchise. 1. Demand As is the case before starting a new school, find out about its management, its reputation, total number of franchisees it has offered till now and the services it is offering to its franchisee. If you are investing in an overseas brand, then find out whether it is well accepted in India or not. 2. Track Record Just because a school offers franchise of high school doesn’t mean it’s worth investing in. You should only invest in the school franchise that has established itself as successful at franchising its school. 3. Investment One of the greatest hindrances to investing in a school franchise is that unlike starting your own school, where all the capital is invested in its setting up, a sizeable portion of your primary capital goes to the school franchisor as fees for training, and licensing rights. Look at what the school franchise brand will be offering in exchange for the franchise fees, and assess the time it will take to earn invested money back to determine if a school franchise is a sound investment. 4. Competition If the brand is a well-known, there may by now be lots of franchisees functioning in the vicinity. Consider first if the school franchise and industry you’re selecting is a calculated business to enter as it’ll be difficult to establish yourself if there are various competitors in that market.