The Indian play school and preschool market size hit an astounding US$ 3.8 billion in 2022 and is projected to rise to US$ 7.3 billion by 2028, demonstrating a growth rate of 11.2% CAGR between 2023 and 2028.
The numbers only indicate the enormous scope that the preschool market in India promises young edupreneurs. Indeed, the growing market and the evolving nature of education have helped diversify the edupreneurial landscape, capturing the imagination of aspiring business owners and leading several to start off their very own preschool and play school chains. However, franchising continues to remain the more efficient, hassle-free, and lucrative alternative – secure and profitable for beginners and amateurs.
So, if you are planning to start your journey into the edupreneurial landscape and secure profound long-term benefits, there’s no better option than starting a playschool or preschool franchise in India.
This article will tell you how.
Why open a preschool franchise in India?
The aforementioned figures reflect a compelling reality: this generation of urban young parents are mostly career-oriented individuals. As such, they are always on the lookout for a safe place to take care of their children when they are working. At the same time, they understand the significance of good early education and are seeking out viable opportunities that help their children open up to the world of learning & knowledge. Playschool & preschools offer both; hence, the rising demand for preschools in the country.
As a playschool franchise owner in India, you will not only be running an educational institution but an integrated learning center (ILC) for all-around childcare. This not only enlarges your scope of building a bright & well-formed future for the newest generation of the country but also widens your prospect for revenue generation. To put it simply, preschool franchises in India allow you to earn from the playschool, a daycare center, an after-school childcare & activity center, an evening training center, and the like, all without any additional investments.
What qualifications do you need to open a preschool franchise in India?
Opening & owning a playschool franchise in India does not require any prerequisite qualification. However, having a graduation degree or equivalent, or a degree in business administration, will help you improve your skills as a business owner, and better manage the preschool and understand the market dynamics. You can also enhance your childcare skills by taking a Montessori teacher training course and becoming a successful preschool instructor in India.
The essential steps for starting a play school franchise in India
While licensing is not a prerequisite for setting up a preschool in the entirety of India, there are certain states that demand license requirements. It is recommended that you check your state legislation for any relevant regulations. However, it is essential that you undergo certain formalities with the municipal corporation of your city or town. Also, there are some set norms and standards that you need to meet and fulfill to start a playschool franchise in India. This usually relates to curriculum standards, staff requirements, safety standards, hygiene standards, etc. Needless to say, laws like the Child Labor Act of 1986, the POSCO Act of 2012, the Juvenile Act of 2015, and the Child Labor Act of 2016 (Prohibition and Regulation) need to be followed.
An efficient business plan
Setting up a preschool franchise in India is a business endeavor, and should be approached the same way an entrepreneur would approach a new business – with a coherent and efficient business plan & strategy that marks out the short-term and long-term goals as well as finances. Generally, you will need to have an estimated idea of your capital investment, budgets, etc. Starting a franchise, however, will considerably lessen the burden of business planning as you will need to primarily focus on the finances while the franchiser will take care of the business strategies.
An appropriate location
Location plays one of the most important roles in determining the success of a preschool as it is the primary factor that influences enrolments. For instance, if you open your playschool franchise in a remote area, it is unlikely that you will attract any enrolment. So, choosing a good and safe location should be the first and foremost priority. Make sure that the location is easily commutable and convenient for the parents to drop off and pick up their kids.
A play school is unlike other educational institutions. It teaches through fun activities and games, which require specific equipment like desks, slides, swings, music systems, arts & crafts area, outdoor space, toys, medical care facility, water and washroom facilities, children’s library, stationeries, etc. Moreover, since the children involved are toddlers, all the equipment needs to be child-safe and specialized. When starting a preschool franchise, it is crucial that you consider the playschool facilities with extra care.
You cannot start a preschool without a proper curriculum in place. Parents are more likely to enroll their kids in playschools that follow a scientifically-backed curriculum. The syllabus and the activities should cater to the unique needs of the children and aid in their holistic development. However, usually with a preschool franchise, you will be required to follow the curriculum standardized by them.
A preschool is nothing without its staff – teachers and caretakers. While you take care of the technicalities and infrastructure, it is them who turn the bricks & mortar into a homely, encouraging, and nourishing environment for the kids. Also, since preschool forms the foundation of a child’s learning journey, it is essential that you hire qualified and professionally trained teachers. The non-teaching staff should be trained in child care as well. Most importantly, make sure you are subjecting the preschool staff you are recruiting to criminal background checks to ensure complete safety for the children.
Starting a preschool franchise in India can be an exciting and rewarding experience. However, it is important to research the market, understand the regulations, and take a measured, step-by-step approach to starting and running a successful playschool franchise in India.
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