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Coimbatore is known as the Manchester of South India. It is famous for its educational institutes. The city has well-developed infrastructure and lower cost of living. A large number of students flock to this place to pursue a quality education. Thus, starting an educational business in Coimbatore is a right business move.
Below are some of the most profitable business ideas to start in the “Manchester of South India”.
Preschool Business
If you are planning to start a business of your own, especially, with low capital investment, the preschool business could be the best option for keeping the current business trends in mind.
The Indian Preschool business industry is now a booming trend which has certainly no stopping. The increasing demand for quality preschool is engaging parents as well as the franchisors and entrepreneurs for delivering quality offerings.
Currently, the Indian preschool business is worth more than Rs 4000 crore which clearly states the potential this model has in the education industry. Either, you could opt for a franchise model or go by setting up your own business.
The investment for preschool business could cost around Rs 10-12 lakhs with an ROI approximately 10-15%.
Higher Education Institute
India's higher education system is the world's third largest in terms of students, next to China and the United States. In future, India will be one of the largest education hubs. The involvement of the private sector in higher education has seen drastic changes in the field. Today over 60% of higher education institutions in India are promoted by the private sector.
Coimbatore is home for 54 engineering colleges, 2 medical colleges, 18 polytechnic colleges and more than 70 Arts & Science colleges.
Coaching Business
India is becoming a hub of national and international students getting enrolled in the national universities and colleges. The vast curriculum of Indian education system is no more a hidden thing.
Therefore, establishing a coaching business could be a lucrative business idea. The business requires less investment with a possibility of quick success if the knowledge is catered well.
Investment- 50k to 3 lakh
ROI- 50-60%
