For those of you who wish to open a Institute, here we reveal six types of Institute franchises that could be a huge profitable opportunity.
Opening a institute is not an easy task. Besides the large sum of money to be invested initially, the stress of major concerns such as land development, revenues, the strength of teaching and non-teaching staff, and others can really blow one’s mind before even the school starts operations.
However, with franchising coming into the picture, it has become a little easy to choose an affordable institute franchise for yourself to begin with your entrepreneurial venture in the education industry. Here, we reveal six types of school franchises you can opt by investing a minimal amount of money.
With the increasing demand, many coding franchises have emerged in the market. From after-institute coding classes to teaching coding to pre-schoolers, the demand for coding education has given birth to new profitable business ideas.
Today’s kids are technologically smart and are spending more time around gadgets and computers. Thus, it has become necessary to make it a learning and creative experience. Hence, parents are increasingly looking for coding institute for their children. The range of investment in a coding school franchise starts from Rs 20 lakhs and can go up to Rs 45 lakhs.
Language Institute Franchise
Language institute franchises are there to help people in gaining linguistic skills so that they can grab those opportunities. Foreign languages like English, French, and Spanish are few of the most demanded languages in India and students heavily enroll in institutes or schools that teach these languages.
Language Institute franchises are one of the biggest investment opportunities in today’s time. However, the range of investment could be broader as per the brand that offers the franchise opportunity. The investment range starts from Rs 6 lakhs to 24 lakhs, but it is still quite an affordable range for the freshers.
Computer Training Institute
In today’s time, digitization has a command over all the sectors. In such a scenario, computer education has become a must to have. Opening a computer institute could be a lucrative opportunity for the computer-freaks who wish to share their knowledge with the same kinds.
There are innumerable franchises operating in this segment that are earning unimaginable profits. An average investment amount of Rs 22-30 lakhs will be required in starting a computer institute franchise in India.
Animation Institute Franchise
With the increasing importance of visual effects in films and serials among millennials, animation has a rising demand in the entertainment industry, thereby increasing the employability of young animators.
An animation school can be a profitable venture because of the increased demand for animators in the industry. The range of investment in an animation school franchise starts from Rs 10 lakhs and can go up to Rs 45 lakhs.
Acting Institute Franchise
The glamorous film and entertainment industry has always captivated the young and the passionate people towards it. There is so much raw talent in our country, with people who aspire to be a part of the glam world, but many of them lack the finer skills of acting. Therefore, an acting school could be a solution to all those aspirants.
A passionate actor or director could help start an acting institute and earn profits just by passing on their talents. According to the sources, an acting school franchise could be started in just Rs 2-5 lakhs.
Art Institute Franchise
Gone are the days when art was just considered as an extra-curricular activity. Art has now received its due in the society and exceptional artworks of artists are rewarded with a huge amount of penny.
Professional artists who are looking forward to pass on their skill to young children and professionals can open their own art school. Skills like drawing, painting, and sculpting could be taught in these schools.
Is there any franchise opportunity available in this segment? Yes, there is, according to sources, an average investment amount required to start an art institute franchise is Rs 50,000 to Rs 2 lakhs for an average area of 300 sq ft.