Is Starting A Play School Franchise Expensive In India?
It completely depends what a play school franchise in India has to offer. If the play school is to be made for accommodating large number of children with a big outdoor playground then the cost will obviously go up. There are few aspects here which must be looked into in order to calculate the cost of establishing a good play school.
1. Cost Of Property And Infrastructure: This comes foremost, when the play school franchise cost comes into mind. The property can be already owned which would lower the overall investment by the entrepreneur but if it has to be leased or bought; it would become an expensive deal. In addition to that the cost on getting the infrastructure built as per the standards required; will also cost money.
2. Cost Of Logistics And Transport Assets: The logistical costs to get the supplies for infrastructure alongside picking as well as dropping the children for the school; will need vehicles. Buying or leasing the pickup trucks and buses for transportation will add to the cost. But considering the benefits and disadvantages of either buying or renting the vehicles is vital in the long run.
3. Cost On Human Resource: The play school franchise in India can’t run on its own. It will need human resource. From the guard on the gate, to principal in the highest office of the school, teachers, housekeeping, office clerks, non-teaching staff, maintenance staff and more people are needed to run a school efficiently.
4. Material And Equipment Cost: There will be a sound requirement of furniture, security cameras, building material, repair material, teaching material, laboratory equipment, toys and so on. All of this would cost, but the overall purchase cost will go a bit down if bought in bulk. However, there will be some cost on such things that has to be taken care by the entrepreneur.
5. Recurring Utility Costs: The electricity bill, phone bills, water bills, maintenance of the infrastructure as well as the vehicles and equipment in the school; will cost money. There is no way that this expenditure can be escaped. Sometimes a mere repair will not resolve the issue, and the particular equipment or spare has to be replaced with a new one. That will add to the cost.
6. Interest Rates And Compounding Interest: If the entrepreneur has taken a loan from the bank or any private lending party, there will certainly be an interest to that particular loan. Thus the interest rate has to be calculated and viewed in accordance to the school business plan, while the compounding interest has to be also kept in the attention; while calculating the overall cost.
Now checking the return on investment and comparing it with the overall play school franchise cost, the comparison will make it clear on where to cut the costs and where to save the money. This will clear the exact cost that will have to be dealt with when starting a play school in India.