TopicRequirement For Opening a Play School @GURUKULPRESCHOOL
Setting up your own preschool: Best Play School Franchise — Another method of establishing a preschool is setting up a preschool on your own. This method of establishing a preschool would involve huge costs and dedication in order to create a place for the preschool in the market. But once the preschool is established and is known in the market, and then the entrepreneur enjoys a huge surplus and profits for the long term.
Establishment costs: Another cost that would cost a huge amount of money is the establishment costa of the branch of the reputed playschool. These costs could be further classified into infrastructural costs incurred on the furniture, building, machines, labs, carpenters etc. This is one of the costs that require the maximum percentage of the capital invested. It could generally range between 4–6 lakhs depending upon the infrastructure.
Fees of the franchise: It is the fee that a parent company demands from the new franchisee. A new franchise or the entrepreneur of the playschool has to pay a certain amount to the franchisor in order to use their name and reputation in their new playschool. It is only a once in a lifetime payment that is paid in return of the franchise agreement. Generally, it is not more than 3 lakhs in the case of preschool but could exceed this amount depending upon the goodwill of the parent company or the franchisor.
These are some of the costs that are involved in the establishment of the preschool under the franchise agreement. These costs would surely add to the expenditure but would generate higher and quick profits in return.
Franchise is a great idea but the entrepreneur should follow the franchise agreement sincerely and should adopt the latest technology, innovations and inventions. The entrepreneur should enter into the franchise agreement only with that preschool chain that has a reputation in the market and could help the entrepreneur to generate more profits.
Setting up your own preschool provides you the opportunity to enjoy all the profits alone and without sharing it to third parties. You are the sole owner and authority of the playschool. But again there are many costs that are involved in the establishment of a new playschool.
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