Edify Education, a pre-school and K-12 school chain, is seeking franchise partners across India to double its preschool presence to 330 in the next three years. The school is also planning to expand its K-12 schools' footprint to 100.
This flagship institute of DRS Group has signed World Chess champion Vishwanathan Anand as its brand ambassador.
Vishwanathan Anand said, “We have expanded exponentially since our inception. Now, we are looking to take this forward by onboarding franchise partners across India, who can share the same vision and grow along with us.”
Edify Education is following the 3C curriculum, which denotes Character, Competence, and Content. This curriculum stresses on developing an analytical and logical mind of the students by enabling them to learn things practically.
“The education system at Edify encourages deep research into curriculum design, pedagogy, infrastructure development, resources, besides offering comprehensive teachers training,” Anand further stated.
Present Scenario of Indian Preschool Market
The Indian pre-school market has witnessed healthy growth in recent years. This market in India is poised to grow at a CAGR of around 19% during 2019-2024.
The growth of the Indian pre-school market is driven primarily by factors like rising parent awareness for early childhood education and care, coupled with the rising number of nuclear families and working women in the country.
As of 2015, there were 33,000 preschools in the country and the number is growing exponentially. Enticed with such huge potential, entrepreneurs are willing to invest in the preschool market.
Franchising Prospects of Preschool Industry
Franchising is the trend of the hour, and pre-school franchises are gaining tremendous popularity owing to an increase in demand for reputable brands, higher disposable incomes, etc. For a pre-school franchise, you would require a moderate investment with high-profit revenue.
In India, investing in a preschool franchise is one profitable option for investors that are planning to start something of their own. In fact, the preschool education industry is growing by leaps and bounds, which is eventually opening the gate of opportunities for aspiring franchisors.
Since the segment requires lesser regulatory limitations and has a minimal infrastructural requirement, the industry is all set to emerge as one of the profitable education business options in the near time.
Typical Franchise Requirements
The typical investment range to start a preschool franchise is Rs 5 lakhs and can range up to Rs 50 lakhs, with an area requirement starting from 1500-2000 sq ft. The breakeven period in most of the preschool franchises can be expected in 12-24 months.
