In the education market, playschools are a very common business concept. So, if you are passionate about teaching and have previous experience in early childhood education, this is the ideal time for you to start your own nursery school franchise in India.
What Do You Mean By A Pre-School?
A pre-school, also known as a playschool, is mostly for children aged two to four years. Nursery school franchise in India as the name implies, have a combination of instruction and play for very young children in order to help them improve social skills and learning ability.
The parent company would set the rules for setting up and running the school, so there isn’t any preparation required. It does, though, come at a higher price. If you plan to open your own pre-school, you’ll have to do it yourself, from promotion to branding to curriculum creation. But don’t worry; establishing a playschool isn’t as difficult as it might seem.
To begin, choose a location for your pre-school. A school that will hold up to 60 children would need approximately 1,000 square feet of space. Parents like to take their children to playschools in close proximity, so we recommend that you find your school in a suburban neighborhood.
Let’s look at the requirements and criteria for starting a pre-school company. Once you’ve chosen a venue, you’ll need to obtain a no-objection certificate (NOC) from the society before you can open the playschool.
What Is The Total Investment Required?
You’ll need an upfront investment as play school set up cost and running, and then you’ll have recurring operational costs. You would need to spend Rs 60,000-70,000 on setup, furnishing, and decorations. It can cost up to Rs 1 lakh to set up a play area with toys and other play facilities, while instructional materials and learning aids in classrooms would cost INR 25-30,000.
The rent for your playschool will be about INR 30,000-35,000 a month. Monthly bills for electricity and water can be as high as INR 20,000. Staffing would account for the majority of the running expenses and would be about INR 80,000 for three instructors and two assistants. Of course, if you educate yourself, you can significantly reduce this cost. Also, until the student population reaches 20, you cannot need to employ more than one teacher.
How Much Revenue Can Be Generated?
Fees paid to students will be your source of income and will also help you in playschool setup cost. It which will vary depending on the services you offer. Monthly fees per pupil for a daily playschool with learning experiences and a play area will range from INR 2,000-2,200. You will bill up to INR 3,500 per pupil for daycare and meals if you have them. Students will pay a one-time registration fee that can range from INR 15,000 to 20,000 per year in addition to the monthly tuition fee. So, once your school has 60 daily pupils, you will potentially make a profit of 30-35 percent on the net income.
The first year of any company, like any other, can be sluggish in terms of profit generation. However, a pre-school company is one of the few recession-proof business ideas and no parent would ever put their child’s education at risk. So, no matter what, if the company takes off, it will still thrive.