How to Franchise Your Play School Business in 2024? (In India)

By Startup Authority January 6

We know India has become the most populated country in the world surpassing the great China. On the other hand, India is also the top country with many youngsters. It is a country filled with a young population and will be more in the coming years.

Because of this huge opportunity, so many play school franchises are coming up in the Indian market. Interestingly, the Indian preschool including play school market is expected to grow significantly with an estimated CAGR of 8.49% until 2027.

Naturally, there is a huge business and expansion opportunity for people who have already opened a play school or are planning to open one. Opening and expanding your play school business is one of the best options to both contribute to society and earn profit at the same time.

When education is delivered to most parts of the country, it automatically stimulates economic growth and spreads awareness globally.

Education is the only weapon that cannot be stolen. The more education is shared through franchise business options the more you are contributing to the society and the country as a whole.

Further in this article, we will talk about how one can expand their play school business through a franchise business model.

Legal and Regulatory Compliance Required to Franchise Your Play School

This is surely the first and most crucial step for getting your franchise. People willing to become a part of your school must know that you are a legal play school. All the necessary documents required to get a franchise option are very important.

You need to make sure that your play school business is ready for franchising. Here are the things that would be required to franchise your play school:-

Must-have Documents For Play School Franchise

Franchise Disclosure Document (FDD)

To make your business into a franchise option you must form a franchise disclosure document. It is such type of form or agreement that clearly states your business and the relationship of it with the franchisee and franchisor.

The relationship between the franchisor and the franchisee must be clearly stated so that people can understand the franchise properly. The person who has an interest in getting your franchise must review the franchise disclosure document. If they find any clause or problem then that must be immediately confirmed by the officials.

Franchise Agreement

It is one of the most important documents that you must have. This agreement is where all the activities for the franchisee should be written and the relationship between the franchisee and the franchisor.

The reason of making a franchise agreement is that it protects the whole franchise system. People who will take up your franchise will fall into a system which they cannot unfollow.

Financial statements

All the financial parts starting from getting a franchise to providing royalty fee per month must be clearly mentioned in this document. Of course, there will be terms and conditions regarding any financial statements.

Registration Applications and Notices

You must prepare and file applications and notices advising and informing as to the potential sale of franchises.

Operational manual

If an operational manual is highly necessary then it must be provided to the franchisee so that they can understand the business flow.

Complying with education board regulations and standards

There are certain rules and regulations regarding franchises under franchise laws and regulations. Interestingly, there are 18 chapters in this rule book and you must tick all of them so that your business expansion becomes easier.

This is where you can read all the clauses and regulations https://iclg.com/practice-areas/franchise-laws-and-regulations/india

Legal agreements for franchisees

The agreements required for franchisees are:-

Rent agreement
Land agreement
Lease agreement
Personal documents
Banking details

Developing a Franchise Model

After you have made your play school a legal franchise option, the next step is to develop a franchise model. The smoother and amazing franchise model you create the more franchisees you can attract.

Make sure that you have a hassle-free franchise business option. All franchise fees, royalty fees, training, development, infrastructure, and other financial terms must be clearly stated. The financial terms will define what is your target market or audience in the market. Make sure your play school is targeting the right audience and that is how you will be getting the right partner for your business.

Other important aspects of developing an amazing franchise model for play schools are by establishing a standardized curriculum, teaching methodologies, and branding guidelines.

It is important to have a standardized curriculum because it provides clear learning objectives for students. Having a unique teaching methodology will actively engage students in learning actively and at a good pace.

Marketing & Branding Techniques for Play School Franchise

Marketing your business is surely the strongest form of sharing knowledge about your business with others. When you have opened a franchise business option for others to take, you must ensure that they know your business through marketing.

As an individual, you must develop a strong brand identity for your play school franchise. Now, there are various methods and ways to develop a strong brand identity in the market. You can use the help of the powerful social media platforms for marketing. Additionally, you must make a SWOT analysis for a better and stronger brand identity.

Last but not least, using different and effective marketing strategies is very crucial. One of the most effective marketing strategies is promotion through influencers on offline and online platforms. Other than this, digital promotion is a very effective marketing strategy for reaching potential buyers of your lay school franchise.