In India, education is among the rapidly expanding industries. Parents will never hesitate to spend money on programs that enable their children to perform better at school and in life. Among these programs, the Abacus training is now quite popular due to its advantages of enhancing the concentration, the power of memory, and development of the brain in the children.
This has provided the entrepreneurs and educators with a lucrative business model the Abacus franchise. However, in the midst of this, one big question always comes out, How much investment do you really need to start an Abacus franchise in India?
This blog will discuss the amount of investment needed, cost determinants, and why this business is affordable as opposed to most other franchises.
What is an Abacus Franchise?
An Abacus franchise is when a person obtains rights of running courses by an established Abacus training company, under their name. The franchise provider provides you with:
- Training for teachers
- Syllabus and course material.
- Branding and marketing assistance.
- Online classes Student kits and software.
- Ongoing direction on operations.
This system decreases the chances of failure since you are not beginning at the bottom but you are using a proven framework.
Investment Required for an Abacus Franchise
It does not require a lot of investment to open an Abacus franchise in India as compared to most other education businesses. This is among the principal reasons why it is appealing to teachers, women entrepreneurs as well as small business owners.
Investment normally includes:
- Franchise Fee – Permission to utilise the brand name and proven business model.
- Training Cost – Training and certifying of teachers to run the operations smoothly.
- Learning Material – Abacus kits, books and other learning materials.
- Marketing and Promotion – preliminary branding and promotion.
- Center Set-Up – In case you intend on running an offline center, you might require classroom facilities and signage.
To those who are starting an online Abacus franchise, this may require even less investment as it does not need a physical facility, furnishings, and local facilities.
Factors Affecting Franchise Investment
- Brand Reputation – Established brands of Abacus might have a superior franchise fee, yet they have enhanced brand awareness and more student enrollment.
- Location – The investment also can be different, based on whether you are in a metro city, tier-2 city or a small town. The rent and setup prices tend to be cheaper in the smaller cities.
- Offline Franchise: It involves installation of classrooms, furniture and local marketing.
- Online Franchise: It is less expensive because it requires software, digital tools, and internet connectivity.
- Training & Certification – Other providers of the franchise may have teacher training as part of the initial fee or charge separately.
- Student Kits and Materials – Student kits You may also buy more student kits at the beginning, which can also raise the aggregate investment.
Return on Investment (ROI)
The most positive thing concerning an Abacus franchise is the fast investment payback period. A good number of franchise owners reclaim their expenses in 6-12 months.
This is possible because:
- Parents are in high demand for abacus classes.
- The cost of fees is low leading to an increased number of enrollments.
- The classes can be conducted in batches enhancing earning potential.
- Online classes enable you to access students in other cities.
As an illustration, in case you charge 1,000 per child per month and you have 50 students you can make 50,000 in a month. The bigger your student base the bigger is your income.
Who Can Start an Abacus Franchise?
- Teachers and Educators – Already familiar with dealing with children.
- Housewives and Women Entrepreneurs – Can offer classes at home.
- Small Business owners – Want low investment business.
- Coaching Institutes/Tuition Centers- can include Abacus as an additional course.
Due to the flexible model, nearly anybody who is interested in education and child development can become an Abacus franchisee.
Why This is the Right Time to Invest
- There has never been an awareness of the brain development programs among parents than at present.
- Since COVID-19, there has been an increase in the demand of online Abacus classes.
- India boasts of the largest number of students in the world.
- The business is yet to reach full maturity hence investors who get into the industry early will have a great upper hand.
Conclusion
One of the cheapest yet profitable education business opportunities in the present times is opening an Abacus franchise in India. This is the business to invest in with low risk and high demand, fast returns as well as full support of the franchise providers and a person who loves education and child development.
When you are this ambitious to run your own business, then an Abacus franchise could not only make you financially successful but also help you fill the satisfaction of molding young minds.