Things To Consider Before Buying A Playschool Franchise

By Author: nidhikapoor
Total Articles: 5
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Taking franchisee of a successful brand or business is a proven short cut to entrepreneurial success. This is true in the case of FMCG, Lifestyle and F&B brands. But what if the business lies in the education sector - playschools to be precise. For starters Playschool franchise offers an exciting opportunity not only to do business but to also make a positive social impact on the society and the future generation. Also, it is one of the few industries that is recession-proof - the need to educate the booming population will continue to grow. What should one keep in mind while looking for the best preschool franchise to invest in?

Let's take a step back to understand 'franchising'. The term defines the arrangement between the franchiser and franchisee; wherein the former grants permission to the latter, in exchange of fees and royalty to use its brand, trademark along with business systems and processes to provide a product or a service according to set standards.

Here's a checklist to keep handy when looking for preschool franchise opportunities:

Years ...
... In Operation
Apart from the cost of operation including fees and royalty, one of the major points to check when browsing franchise opportunities is the number of years the organisation has been in operation and the business of franchising.

Quality Assurance
Research on the playschool you are interested in investing. Read reviews across portals. Talk to parents. Speak to businesses with happy franchisees - they are a testament to quality assured by the franchiser.

School and Staff
The next thing to check off your list is the school structure and staff policies. Look for businesses that demand uniformity in design, interiors, safety features. These are responsible for bringing parents and better admission conversion for the franchisee. Also, when we speak of school structure, we should not miss out on the teachers and the staff. The business franchise that has set prerequisites for hiring teachers and staff shows their commitment to standardization and training, especially with the young ones.

Location & Infrastructure Exclusivity
When opting for a preschool franchise, always check for a location to confirm that there isn't any competition, particularly from another franchise of the same brand. If needed, consult the organisation to check for areas where the brand has a strong presence. To avail better franchisee success, there should be a distance of at least three to five kilometers between franchises.

Hidden Costs
The final point that a prospective franchise owner needs to remember is that of hidden costs. Brands and business alike look forward to profiting from sources more than just royalty and operational fee. Often such businesses include set-up charges, renewal charges, or other support which are in general overpriced. Hence one needs to make sure to account for all hidden costs before signing the dotted line.

So now that you are equipped with the knowledge, the same will enable you to pick a playschool franchise that will help you to not only make a social impact but embark on an entrepreneurial journey that is enriching, satisfying and profitable as well.