You can be on Entrepreneur’s cover!

Why Private School Overseas Franchises Are On A Rise Privatizing the Franchise Trend Globally

By Franchise India Staff

This story originally appeared on Franchise India

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Education has been evolving with time. With the market for business expanding to no limits, educators are coming up with various new ways and innovations in order to mark their presence in the market. The education industry is expected to be one of the most profitable businesses if done with sheer sincerity and dedication.

The private education sector in India is estimated at US$ 91.7 billion in FY18 and is expected to reach US$ 101.1 billion in FY19. With digitalization and privatization hitting the industry, more private schools can be seen coming up, offering various courses and experiences. India has currently 70 million students enrolled in private schools, the largest in the world.

Campuses going abroad

According to a study, the number of independent schools in the United Kingdom, expanding their campuses abroad, will see an immense rise in the future. This might be the result of their strategic expansion plan or fund related issues. Franchisors interested in an education business can certainly eye on such campuses, welcoming them to India.

Demographic expansion by British schools

The evolving education industry has made 57 overseas campuses of British schools, with another 15-20 to establish by September. Britain has witnessed 19 of their campuses expanding abroad, marking a steep increase in the past three years.

Local franchisors could learn their working pattern and could utilize this chance. Investors would be welcomed by the British education chains if franchisors meet their expectations.

Opportunities for franchisors

Looking for more grants, the UK market hasn't seen recent growth in lots of independent schools. Franchisors could become a part of their franchise, satisfying their revenue stream, and offering good quality of education nationally.

Richard Gaskell, Schools Director at ISC Research, says "Most private schools use a franchise model, where an investor or management company pays the school a fixed amount each year. It is similar to a royalty in order to use their name, brand, or expertise."

This article was originally published on Franchise India by Shahram Warsi.

Thought Leaders

How To Improve Your Soft Skills and Emotional Intelligence in 7 Easy Steps

Using these simple but effective approaches will help a person in their business, life and relationships.

Business News

Mark Zuckerberg Told Meta Engineers to 'Figure Out' Snapchat's Privacy Protections: 'We Have No Analytics on Them'

Recently unsealed court documents detail "Project Ghostbusters," Meta's project to work around Snapchat's end-to-end encryption to intercept data.

Business News

Sam Bankman-Fried Sentenced to 25 Years in Prison for Multibillion-Dollar Crypto Fraud

Southern District of New York Judge Lewis Kaplan said that the loss amount to the victims of Bankman-Fried's crimes surpassed $550 million.

Side Hustle

This Mom Started a Side Hustle After a 'Shocking' Realization in the Toy Aisle. Her Product Was in Macy's Within the Year — Seeing Nearly $350,000 in Sales.

Elenor Mak, now founder of Jilly Bing, didn't plan to start a business — but the search for a doll that looked like her daughter inspired her to do just that.