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Innovatus FET College (Pty) Ltd Presentation to Prospective Franchisees

Innovatus FET College (Pty) Ltd Presentation to Prospective Franchisees. Presented by: Kay Naidu MBL; B Com; TQM; E-Com; ICDL; Assessor; Moderator; Design. Innovatus FET College – An Introduction. Company History and Profile. Private college – trading company - established 2009

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Innovatus FET College (Pty) Ltd Presentation to Prospective Franchisees

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  1. Innovatus FET College (Pty) LtdPresentation to Prospective Franchisees Presented by: Kay Naidu MBL; B Com; TQM; E-Com; ICDL; Assessor; Moderator; Design

  2. Innovatus FET College – An Introduction • Company History and Profile • Private college – trading company - established 2009 • Registered as a school – Department of Education – hence VAT exempt • Company registration: 2007/013655/07 • 5 campuses plus head office • Core offering – Further Education & Training (FET) • Key competitors – public FET’s • 30 full time staff (permanent contracts) • Fully functional & capacitated head office • Accredited and registered

  3. Innovatus Campus (Pty) Ltd • Company History and Profile • Franchisor Company – Registration No: 2011/143061/07 • Vat Registration (SARS) – in process - 80 potential sites • Approved – Franchise Association of South Africa • Franchise model designed as follows: - low cost provider - 100 seater campus (to start – can expand once fully established and profitable - easy entry into market (turnkey) - designed for success & national expansion - franchisee core focus – finance

  4. Kay Naidu 24 years private education experience Experience – FET / HET / SETA Landscape Exceptional track record – accreditation and registration Education – MBL; B Com; TQM; E-Com; ICDL; Assessor; Moderator; Design; Auditing Quality Management Systems Umalusi Monitor & Evaluator (400 colleges) – accrediting body for Further Education and Training CHE Evaluator and Monitor – accrediting body for higher education and training Profile – Chief Executive Officer

  5. Why we have gone the Franchise Route? • Motivation for Franchising • National expansion & increases company capital • Lack of private equity in South Africa (predominantly food franchises on offer) • Current niche in the private education market - Competitor B (48campuses) - Competitor D (28 campuses in total) - Competitor M(22 campuses in total) - Competitor P (70 campuses) - Competitor I (Tuition schools) – legality?? • Innovatus – designed to fill market niche • s

  6. Core Franchise Details • Cost Implications • Current Price = R741,000 including VAT (R650K excluding) • Price includes full setup + accreditation + registration • Full training / support / monitoring from start to profitability • Royalties = 10% of monthly turnover • Premises – to be procured by franchisee (in conjunction with guidance and support franchisor - 180 - 250 sqm preferred) • Shelf Company – provided by franchisor • Key staff – campus principal • Standard furniture and provisioning • s

  7. Our Obligations to Franchisee • Franchisor Obligations • Site selection (assistance; guidance; negotiations) • Full campus setup and installation • Accreditation & registration (DHET; Umalusi; MICT: FASSET) • Human Resources needs – on start-up • Marketing and Student Enrolment • Franchise Operations Manual (FOM) • Policies and Procedures Manual (PPM) • Full education and training – how to run & manage FET • Annual Finance / Budget Plan + Campus Audits • Annual Strategic Meeting • s

  8. Management Information System • MIS – centrally filed at Head Office • Student academic records – HO + DHET • Student financial records – Pastel • Payroll – Pastel Payroll • Daily Student Statistics • Campus Reports (weekly) • Student enrolment records • Participation rates • Drop out rates • Employment placement • Onsite and offsite backup • s

  9. Qualifications & Learning Programme • Course Offerring • Teaching • Policing • Human Resources • Marketing Management • Public Relations • Business Management • Accounting & Bookkeeping • Information Technology • Financial Management • Tourism and Hospitality • s

  10. Accreditations & Registrations • Accreditations & Registrations • Umalusi Council (N4; N5 and N6) • Umalusi Council (NCV Programmes) • MICT SETA ETQA (IT Programmes) • FASSET SETA ETQA (Accounting & Bookkeeping) • Registration – Dept. of Higher Education & Training (DHET) • Exam Centre – Department of Education (DOE) • Over 30 programmes in total • Accreditation and registration timelines – critical to start-up!! • s

  11. Teaching and Learning • Instruction & Delivery • Fully qualified and experienced staff • Staff development programme • Performance appraisals • DHET Exam training • Academic Calendar Rollout – Training • Portfolio of Assessments / Evidence (HO Quality Assured) • s

  12. Premises & Facilities • Premises and Facilities • 3 to 7 year lease preferable / recommended • 4 theory rooms (20 seater each) • 1 computer room (20 seater) • 100 seater campus • Approximately R 6 million turnover (at capacity – excluding SETA tenders and projects) • Health and Safety (HO) • Premises = ID of Provider - accreditation • CBD / Central town preferred (bus / taxi / train) routes • s

  13. Equipment & Learning Material • Equipment & Learning Material • External publishers (where applicable – but we moving to more cost effective solutions) • Innovatus internal material (cost efficient) • Compiled by internal professional experts & academics • Updated annually • Charged separately to franchisee (per students) • SETA approved (where applicable) • s

  14. Critical success factors – Franchisee!!! • Critical Success Factors • Proposed start date of college • Applications – accreditation and registration • Franchisee requirements for DHET application • Campus Principal + front office person • Local campus marketing • Student enrolments on start-up (strike rate) – we get an average of 1000 enquiries per small campus) • Premises location; lease and setup • Implementation of the franchisor model (campus) • Costs (keep to a minimum) • s

  15. Industry Specific Information • FET Industry • FET appeal = 800 000 potential matriculants(500 000 university refusals) • New matric (NIC & NASCA – Umalusi) • School leavers from Grade 9 (larger market) • FET – getting strong attention – government • FET – extensive media reports • Many new providers + many closing down (1st 3 years are quite difficult for new providers) • Education a boom business - 100 to 150 years • Good industry – committed business person • s

  16. The process….from here… • If interested: • Request for meeting – Head Office - KZN • If proceeding - sign agreement - effect payment • Accreditation and registration application • Premises selection and lease • Campus installation • Staff and management training • Marketing plan / strategy and implementation • Accreditation and registration visit • OPEN FOR BUSINESS • s

  17. THE END!!! • THE END Questions, Queries and Comments !!! Thank you!!! • s

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