Hi All, I am keen in starting a playschool in North chennai specifically royapuram or Tiruvottiyur. Though i am passionate, I do not carry much exposure in that area, hence decided to go in for a franchise of leading chains of playschool, hence shortlisting KidsZee and Eurokids. The area i am specifying do not have big playschools, only small time players. But i am hesitant because though its looks lucrative, the investment is huge 5-10 lacs plus own or rented premises of around 1500 sq ft area minimum. i look forward for guidance from experienced people in schooling, i also welcome ideas and suggestions from all ladies regarding my choice of franchisee, idea for going in for loan. I hope you all will encourage me. Regards, Meena
Meena, Though I have no experience but one of my friends did exactly like you and successful. The first year she took the franchise and able to attract 30 students and gave her best. This year she hasn't paid any franchise fee for renewal as that franchise owner has increased the price. So, now whatever she earns, she need not pay for any. She has changed her school name but the same set of students are continuing and adding little more day by day. Yes, investment wise, chekc with them if they can give goodwill for one year, later you can renew the agreement. Anythign is a one time investment for play schools. So, All the best.
Hi Meena, Very nice to read this post. Did you manage to open any playschool in north chennai..? Am searching badly for a good decent play school in north chennai to put my 2 year old son.