Business Perspective of Preschool Franchise in India
Shanti juniors is a leading brand, a name to reckon with across India, offering educational services in Playgroup, Nursery, Jr. KG and Sr. KG.
If you are planning to start up a preschool, then there must be going number of things in your mind. This article is to help you understand the background and business perspective.
If you are planning to start up a preschool, then there must be going number of things in your mind. This article is to help you understand the background and business perspective. India is the second most populous country with 135.42 crores and is foretold to be the world's most populous country by 2022. Approximately 65% of its population is below the age of 35. From the data, we can say that preschool Franchise in India will have a boost in near future and already is one of the Low-Cost Business Opportunities as total 16Cr children are in the age group of 0-6 years. At present, the preschool education industry in India valued at more than $ 2.21bn, growing at a high compound annual growth rate-CAGR of approximately 23%.
Still today, the Indian pre-school Franchise Opportunity market is still unorganized, holding of neighbourhood non-branded pre-schools, and these types of preschool hold 80% of the market. Only 20% of the preschool is organized and owned by the branded pre-schools. However, there is a vast shifted from the unorganized sector to organized branded play schools, and therefore the pre-school industry in India is under-penetrated and is less than 4 percent of the total market potential.
Demand Drivers for Franchise Opportunities in India
• In India, 16Cr children are less than 6 years old.
• Growing urbanization, Rising penetration rate, and escalating demand for high-quality pre-school education
• Only 12% of children are going to in urban areas of the age group between 2 to 5 years
• After food & groceries education is the second highest expenditure
• Increasing working mothers, rise in disposable income, nuclear families
Motivating Factors for Playschool Franchise Opportunities in India
• Recession free business
• Low investment, high returns
• Quick Break Even
• High degree of work satisfaction
• White collar, highly respectable business
• Limited working hours
• More free time for other projects and family
• Highly scalable business and can expand to formal schooling
Business Opportunities of the Preschool Business in India
1. Increasing Income and Ability of Indian Parents to Spend for Education:
With a greater number of nuclear family, each parent ensures that their children get opportunities for development and interaction and in a safe and secure environment. With an increasing number of working women, parents are more willing to spend on the early education of kids than before. Another factor is the difficulty of getting admissions in K-12 schools due to a high level of competition makes the aided growth of preschools in India, especially in the bigger metro cities.
2. Underpenetrated Market Especially In Tier II and Tier III Towns:
Currently, Indian preschool market is hugely underpenetrated with only 17% of children in the age group of 1.5-4 years who are attending preschool. In the smaller cities, it decreases to less than 10% of children. But with the professional quality education, with professional quality education more and more parents are looking at preschool options for children’s emotional, physical and intellectual well-being.
3. Improvement in Quality of Preschool Education:
With the more organized preschool market, many professional and innovative people have made their plan for preschool education. There is higher importance on using modern tools, quality of infrastructure and researched curriculum for creating an interactive learning environment for young minds instead of merely filling in time. Some preschools now use the latest technology to ensure children and parents stay involved and engaged.
About Shanti Juniors
Shanti Juniors is a chain of play school addressing the educational needs of early childhood years by following developmentally appropriate practices. We, at Shanti Juniors, celebrate childhood, through the unique blend of international approaches amalgamated with Indian culture. Shanti Juniors playschool brings a perfect balance across the country with a tint of regional touch so that a child connects its surroundings and local environment instantly which makes it the best preschool for your child. The entire ecosystem of Shanti Juniors has emerged through an evolutionary process of a collaboration of not only strong fundamentals of a child learning theories but also incorporating sincere practical learning with fun. Shanti Juniors is one of the most trustable & leading preschool or franchise in India.