The concept of Franchise options has undoubtedly boomed up the Business space in the recent past years. Franchising involves a business concept where the franchise uses a renowned organization’s successful business model to run its business. It is basically a planned agreement between the two parties in which the franchiser offers business support and its brand name to the franchise. The franchisor is here, the provider and supplier for the franchise- the franchise is allowed to use its trademark and business strategies for business operations in return for a franchise fee.
With the advancement of technology and expansion of business and job opportunities across boundaries, the Indian youth - students and professionals aspire to gain expertise in their respective fields to gain traction in their career. For this, they prefer to get certified and trained from industry giants that are well-established and known for their quality education.
And this led to the rise in franchise opportunities in the education sector in India. All kinds of education and training franchises, from preschool to animation as well as technical training institutes are adopting this business concept to expand their business with the aim to spread knowledge.
Businesses, therefore, are now using the proven strategies of the big brands for franchising in the education sector. Also, investing in the recession-free education sector is a wise decision business organizations like to take.
Education franchising is a win –win situation for both the parties involved, as the franchiser gains visibility by establishing a new unit in the chain and the franchise gets to explore business opportunities through a prosperous brand name in the market.
Many businesses are nowadays investing largely in the education sector due to many reasons. The major among them are ensured return on investment and growth. Furthermore, the franchise provides comprehensive assistance to its franchise partners in selecting the site, designing the infrastructure, providing course material, etc. All these assistance from the franchisor makes it an easy task for the franchise centres to operate the business for better ROI.