Are you seeking business opportunities in the education field? Are you thinking of starting preschool with a low investment and a known brand name? Look no further; MikroSkool is offering a zero-risk franchise opportunity. MikroSkool PRE-School Franchise Cost, Profit, and How to Get It in 2024. In this, we will discuss how much investment is required to start a preschool franchise, how much you can make with Mikroskool, the pros and cons of Mikroskool, and how to get a franchise of Mikroskool.
Table of Contents
About MikroSkool PRE-School
Certainly! MikroSkool Pvt. Ltd. is a trusted and beloved brand among preschool franchise providers in India. Offers franchise opportunities, operating over 100 centers in 26 cities in 8 states. Here’s what you need to know:
Programs:
Playgroup: It is designed for children aged between 1.5 and 2.5 years. With a focus on play-based learning and social, emotional, and cognitive development for the children.
Nursery: a nurturing environment for children aged 2.5 to 3.5 years, emphasizing language, motor, and problem-solving skills.
Junior KG: prepares children aged 3.5 to 4.5 years for formal schooling, emphasizing literacy, numeracy, and socio-emotional development.
Senior KG: For children aged 4.5 to 5.5 years, prepare them for the transition to primary school.
Philosophy:
MicroSkool believes every child deserves a safe, nurturing, and stimulating environment for holistic development.
Key Details of MikroSkool PRE-School Franchise
- Brand Name: MikroSkool
- Industry: PRE School
- Number of Outlets: 100+
- Franchise cost: 5 lakh
- Profit Margin: 50%
- Space required: 1200 to 1500 Sq ft
- Franchise Agreement: 3 years
- Official Website: https://www.mikroskool.com/
MikroSkool PRE-School Franchise: What’s the Investment? Let’s Dive In!
Registration Fee: MikroSkool charges a refundable amount of Rs. 11,000 for franchise registration. It is considered a first installment in case you don’t want a franchise opportunity or if the company fails to provide a franchise. MikroSkool will repay the registration fees.
Franchise Fees: MikroSkool charges franchise fees in two installments. The first installment is the registration fee, and in the second installment, you need to pay Rs. 88,999. The franchise fee for access to open MikroSkool PRE school franchise, training, Advertising, and ongoing support you need to pay Rs 99,999 as a franchise fee.
Pre-School Setup Cost: Franchisees need to allocate 3 to 4 lakhs for setting up the pre-school, including uniforms, study materials, and licenses. Within 7 working days, MikroSkool will complete the PRE School setup.
Royalty Fee: Unlike many franchises, MikroSkool does not charge a recurring royalty fee based on your revenue. This can be advantageous for franchisees.
Franchise Agreement: The franchisee needs to sign the 3-year franchise agreement. It outlines the terms and conditions of your partnership with MikroSkool; it covers renewal options, territorial rights, and operational guidelines.
Total Invested: Including registration fee, franchise fees, setup cost, and considering the absence of a royalty fee, the total investment required for a MikroSkool franchise is approximately Rs 5 lakh. Other costs, like employee salaries and worker salaries, can be covered through student fees.
| Registration Fee | Rs 11,000 |
| Franchise Fees | Rs 99,999 |
| Pre School Setup cost | 3 to 4 lakh |
| Royalty Fee | Zero |
| Franchise Agreement | 3 years |
| Total Investment | 5 lakh |
Curious About MikroSkool Pre-School Franchise Profit? Let’s Dive In!
Total Revenue: The first-year MikroSkool arranges 24 seats for each class; 4 classes total 96 seats. Franchisees can expect a total revenue of Rs 16,80,000. The second-year revenue can increase by up to 50% because there are 36 seats in each class.
Play Group: ₹15,000 * 24 = ₹3,60,000
Nursery: ₹15,000 * 24 = ₹3,60,000
LKG: ₹20,000 * 24 = ₹4,80,000
UKG: ₹20,000 * 24 = ₹4,80,000
Total Annual Revenue: ₹16,80,000
Net Profit Margin: The franchisee can expect a 50% net profit margin after deducting teachers’ and employee’s salaries, electricity bills, rent, and others.
Net Profit Per Year: A franchise can generate 7 to 8 lakhs of rupees in its first year. 16 to 18 lakh in the second year.
Return on Investment (ROI): With a 50% net profit margin, a 1-year franchisee can recover the initial investment.
| Play Group | Nursery | LKG | UKG | Total revenue |
|---|---|---|---|---|
| 15,000*24 | 15,000*24 | 20,000*24 | 20,000*24 | 16,80,000 |
| Net Profit Margin | 50% |
| Net Profit per year | 7 to 8 lakhs |
| Return on Investment | 1 year |
Requirements to Open Franchise
Interest and Passion: A genuine interest in early childhood education and a passion for nurturing young minds.
Investment Capital: Franchisees need to be prepared to invest approximately Rs 5 lakh. This includes initial investment, registration fees, franchise fees, and setup costs.
Location: Choose a suitable location for your preschool, considering accessibility, safety, and proximity to residential areas.
Required Space: To set up the MikroSkool franchise, you need to have 1200 to 1500 sq ft. This could be owned or rented.
Teachers and Employees: To operate a preschool franchise, you need to hire 4 teachers and 2 employees.
License and Documents: After you pay the registration fee, Brand will give you a list of documents and licenses.
How to get a MikroSkkool franchise?
Visit the official website: Visit the official website of MikroSkool. Gather details regarding the brand.
Locate the franchise option: Look for the franchise option, which is usually present on the menu bar. Read the given details regarding the franchise opportunity.
Find a Book now: Scroll down and click on the Book Now button. Fill in your details, and the applicant needs to pay Rs 11,000 as registration fees.
Direct Meet: After paying registration fees, The franchise team will schedule a meeting to clear doubts and discuss the franchise.
If you don’t like franchises or are not eligible to get a franchise. The registration fee will be credited to your account within 2 days.
The next franchise team will visit your chosen franchise location. Further setup and other work will be carried out.
MikroSkool Franchise Pros and Cons
Pro’s
Trusted Brand: MikroSkool is a well-established and loved brand among preschool franchise providers in India, with over 100 centers across 8 states and 26 cities.
Curriculum: Their curriculum is designed to foster learning and growth in a safe and nurturing environment.
No Royalty Fees: Unlike many franchises, MikroSkool does not charge ongoing royalty fees, allowing franchisees to retain more profits.
Affordable investment: Within 5 lakhs of investment, a franchisee can start this business.
Quick Setup: Within 7 working days, MikroSkool will set up the franchise outlet.
Complete support: The brand provides complete support to the franchise and its monthly visits to the school.
Quick ROI: With a net profit margin of 50% and a franchise agreement duration of 1 year, the return on investment (ROI) can be achieved within a short time.
Cons
Limited Duration: The franchise agreement typically lasts for 3 years, which means you’ll need to renew or explore other options afterward
You May Like
Kidzee Franchise Cost: Can You Afford the Opportunity? in 2024
How Affordable is a ZICA Franchise? How to get in 2024?
Conclusion
In conclusion, according to MikroSkool PRE-School Franchise Cost, Profit, and How to Get in 2024, partnering with MikroSkool can be a rewarding venture for aspiring entrepreneurs in the preschool education sector! With only a 5 lakh investment, you start a franchise, 50% net profit margin, ongoing support, advertising support, and a return on investment within 3 years, making this franchise the perfect business opportunity for every entrepreneur.
FAQ
How much does the MikroSkool franchise cost?
To start a MikroSkool franchise, you need to have a minimum of 5 lakh, including the franchise fee, working capital, setup cost, and others.
What is the profit margin of the MikroSkool franchise?
Franchisees can expect a 50% net profit margin on total revenue.
How much can a MicroSkool franchisee earn?
MikroSkool franchisees can earn 7 to 8 lakhs in their first year.
