EuroKids Franchise Cost, Profit & How to Get Started in 2024

EuroKids is a network of 1,000+ preschools in India’s best-growing sector of early childhood education. Launched in 2001, EuroKids has played a key role in providing children a home-away-from-home, an environment where they can have fun and be themselves. ActuallyEurokids is one of the top education franchises in India it has 1200 centers all over India. EuroKids is a name taken with faith and trust by parents for the innovative learning techniques that they use, EuroKids surely cares about child development. If you are considering an entrance to the educational industry, becoming a EuroKids franchisee is indeed an inviting opportunity.

About EuroKids

EuroKids International Ltd has been offering early childhood education for the past 17 years along with K-12 school learning solutions for children of younger age groups between 1.5 to 6.5 years and older up to Grade XII). Eurokids is the brainchild of Prajodh Rajan and Vikas Phadnis in India that has over the years grown by leaps and bounds to become a front-runner as far as preschool education in India is concerned. The objective is to maintain the standards of education, along with focusing on the emotional social cognitive, and physical aspects of a child. This along with its unique teaching methods, age-appropriate curriculum, and deployment of technology have cemented a steady lead for EuroKids with parents.

Key Details of EuroKids Franchise

Brand: EuroKids

Established Year: 2001

Industry: Education Sector

Number of Schools: 1200 +

Franchise Fees: Between 2 to 4 lakhs

Total Investment: 15 to 20 lakhs

Royalty Fees: 6%

Profit Margin: 30% to 40%

Franchise Agreement Period: 3 years

Official Website: https://www.eurokidsindia.com/

EuroKids Franchise Models

EuroKids provides an easily scalable franchise model which is good for entrepreneurs looking to enter into the education space. CAIT is of the view that this franchisee-founded Pizza Hut company operates under the Franchise-Owned Franchise-Operated (FOFO) model In this model, the preschool is owned and managed by a franchisee under the guidance and support of EuroKids. The advantage of this is ownership independence and knowing they can profit from the brand’s reputation.

How Much Does the EuroKids Franchise Cost?

The EuroKids franchise cost is relatively moderate, considering the size and impact of the brand. The total investment required to start a EuroKids preschool franchise ranges between ₹15 lakhs to ₹20 lakhs, depending on the location and other factors. The cost breakdown includes the following components:

Franchise Fee: The EuroKids preschool one-time franchise fee is between ₹2 to 4 lakhs. That fee allows the franchisee to use the brand name, logo & system of education of EuroKids.

Infrastructure Investment: It covers the infrastructure cost of the establishment of the preschool including classroom furniture, teaching aids and materials, and indoor and outdoor play equipment which usually goes around ₹7 lakhs to ₹10 Lakhs. This includes furniture, toys, materials based on learning, and other tools for the child.

Lease/Rent: Renting a place for the preschool around 1500 sq ft to 2000 sq ft ideally can cost something around Rs. 2 Lakhs- Rs.3 Lakhs based on location Outdoors play-areas (to comply with EuroKids operational requirements.)

Equipment and Supplies: educational supplies cost for instance; teaching aids(e.g. toys, books etc) range from 1 lakh to 2 lakhs.

Technology Setup:  EuroKids curriculum is technology-driven because of the audio-visual learning aids. The entire system could also be set up with security equipment like CCTV cameras costing ₹1 lakh to ₹1.5 lakhs.

Other operational costs: worth around ₹2,00,000 such as Initial marketing/outreach, Staff recruitment/liability insurance.

In summary, the initial investment for opening a EuroKids preschool is between ₹15 lakhs and ₹20 lakhs. These costs can vary based on the location, infrastructure requirements, and other external factors.

EuroKids Franchise Profit Margin and Return on Investment (ROI)

Profitability is one of the main reasons why people get attracted to franchising with EuroKids. The track record of Euro Kids as an established brand in the pre-school space and having a strong value proposition has made it one of the top franchise opportunities, even in this tough economy, with the significant quantum of net new students resulting in substantial ROI.

Profit Margin: The average profit margin of a EuroKids Franchise has been found to be between 30% and 40%, based on the operational efficiency, size & location. The strength of the brand ensures that franchisees start getting enrollment fast, and the low operating costs of preschools add to the profitability.

Return on Investment (ROI) timeline: 2 to 3 years after the first year of operation since the Franchisee should be earning from the second year onwards and full break even on scale will take 2-3 years. ROI on the other hand varies based on student enrollment, fee structure, operational costs and local competition.

Space Requirements for a EuroKids Franchise

As per the criteria to open a EuroKids preschool, 1,500–2,000 sq ft is min. size. It should be in a residential area which makes it accessible to have parents. The key features premises are as follows

Classrooms: For various age groups of kids, the preschool should have at least 3 to 4 neat and clean classrooms.

Play Area: EuroKids gives much importance to physical activity as part of the curriculum, hence it is a must that you have an outdoor or indoor play area.

Security Measures: EuroKids has ensured to protection of the lives of children through enforced safety procedures like child-proofing, fire safety measures, surveillance technology, and more.

Benefits of EuroKids Franchise

Investing in a EuroKids franchise comes with several benefits, making it a lucrative business opportunity:

One of the Most Promising Brands in India: EuroKids is one of the most renowned preschool brands, which makes it easy for franchisees to win over parents as they generally opt for a reputed institution.

Full Support: EuroKids provides full support in a preschool setup such as infrastructure planning, teacher recruitment, training etc.

Research-driven, Global in nature: EuroKids provides a unique, research-based curriculum that follows international standards. Hence, it is designed to ensure holistic development of children; employing new and innovative teaching methodologies like the L-R-P-A framework.

Marketing Help: The company offers marketing support to its franchisees to get the brand established locally. That means everything from digital marketing to print advertising and even social media campaigns.

Ongoing Training: Franchisees and their staff receive regular training to stay updated on the latest educational trends and ensure high-quality teaching standards.

Technology Integration: EuroKids incorporates technology into its teaching methods, offering franchisees access to the latest educational software, audiovisual aids, and other digital tools.

Documents Required for EuroKids Franchise

To apply for a EuroKids franchise, you need to submit the following documents:

Franchise Agreement: is a legally binding document that specifies the terms and conditions as per which the franchisee can operate the EuroKids school.

Identity Proof: (Aadhar card, PAN Card or any ID proof issued by the government).

Business Registration: GST registration certificate, business license, company registration documents etc.

Evidence of Funds: Bank Statements or Financial Documents That Demonstrate Your Ability to Make the Initial Investment

Lease/Rental Agreement of the Property: If you are leasing or renting the property, provide a copy of the lease agreement.

How to Apply for a EuroKids Franchise?

The process of becoming a EuroKids franchisee is relatively simple:

Contact EuroKids: Visit the official EuroKids website (https://www.eurokidsindia.com/) and navigate to the ‘Franchise’ section. You can find detailed information and the franchise application form here.

Submit Application: Fill out the franchise inquiry form with your personal and business details, including your investment capacity and preferred location.

Initial Screening: Once you submit your application, EuroKids conducts an initial screening to evaluate your profile. If your application is shortlisted, you will be invited for a discussion with the EuroKids franchise team.

Site Inspection: EuroKids representatives will conduct a site inspection to ensure the proposed location meets the brand’s space and safety requirements.

Franchise Agreement: After successful evaluation, you will be required to sign the franchise agreement and make the necessary franchise fee payment.

Setup and Training: Once the agreement is signed, you will receive support from the EuroKids team for setting up the infrastructure, recruiting staff, and launching the preschool. EuroKids also provides initial and ongoing training to ensure smooth operations.

Launch and Operations: After completing the setup, EuroKids will assist you in marketing the preschool and attracting enrollments. The team will continue to provide operational support, ensuring that the franchise runs efficiently.

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Conclusion

In Conclusion, EuroKids Franchise Cost, Profit & How to Get Started in 2024. EuroKids franchise is by all means a lucrative business opportunity for entrepreneurs with an interest in early childhood education. It has high brand value, a great support system, and low investment cost compared to other franchise models, making EuroKids a profitable and rewarding business opportunity. The investment value starts from ₹15 lakhs to ₹20 lakhs whereas the profit margin and growth perspective of the education field back up it is a very good investment.

With EuroKids as their partner, franchisees also get to build the future while running a profitable business. 2024 For those of you who enter the pre-school education stage then EuroKids is good with potential return.

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