How affordable is a ZICA franchise? How to Start In this, we will discuss how much it costs to franchise a ZICA franchise and how much profit you can make. What are the requirements to start a franchise business? And how do I get a ZICA franchise? Whether you’re an artist, entrepreneur, or dreamer, ZICA awaits with open doors.
Table of Contents
About Zee Institute of Creative Art
| Company Name: Zee Institute of Creative Art |
| Founders: Dr. Subash Chandra |
| Established Year: 1995 |
| Number of Outlets: Over 30 centers |
| Official Website: ZICA |
Zee Institute of Creative Art (ZICA) is a renowned animation and visual effects training institute in India. With a strong focus on serving creative talent, it offers various courses on animation, VFX, graphic design, and multimedia. Aspiring artists and animators can find their passion, learn industry-standard techniques, and build a successful career in the dynamic world of animation. Whether interested in 2D animation, 3D modeling, or visual storytelling, ZICA is the finest platform to unleash your creativity and turn it into a profession.
Currently, ZICA has more than 30 training centers in 15 cities, including Mumbai, Pune, Bangalore, Chennai, Kolkata, Noida, Lucknow, Bhubaneswar, and Indore.
The ZICA franchise model was developed based on more than 20 years of experience setting up and operating more than 1500 highly profitable franchisees of KIDZEE, Mount Litera Zee School, and ZICA across India.
Key Details of ZICA Franchise
| Brand Name: Zee Institute of Creative Art |
| Industry: Education Industry |
| Number of Centers: 30+ |
| Franchise Fee: 5 to 10 lakhs |
| Franchise cost: 30 lakhs to 50 lakhs |
| Royalty Fee: 10% of monthly sales |
| Profit Margin: 15% to 20% |
| Space required: 1500 sq ft |
| Franchise Agreement: 4 years |
| Franchise Application: Apply Here |
How Much Does a ZICA Franchise Cost?
The total investment to start the ZICA Franchise is between 30 lakhs to 50 lakhs including Franchise Fees, initial investment, working capital, set-up costs, equipment costs, and others. This investment varies based on the franchise outlet size and location. Here is the detailed cost breakdown of ZICA Franchise Cost:
| Franchise Fee | 5 to10 lakhs |
| Estimated setup cost | 10 to 20 lakhs |
| Iinital Inventory | 5 lakhs to 8 lakhs |
| Equipment Costs | 5 lakhs |
| Royalty Fee | 20% |
| Working Capital | 10 lakhs |
| Franchise Agreement | 4 years |
| Total Investment | 30 lakhs to 50 lakhs |
Franchise Fee: The applicant needs to pay a franchise fee for a brand between 5 and 10 lakhs. To grant the rights, open a franchise under ZICA Support and use the brand name.
Estimated Setup Cost: You need to allocate 10 to 20 lakhs to establish the ZICA center, including setting up the infrastructure, training facilities, and other essentials.
Royalty Fee: ZICA Charges royalty fees of 20% to the franchisee for brand development, marketing, and ongoing support.
Working Capital: The franchisee needs to allocate 10 lakhs as working capital until they start making enough profit from ZICA Center. This investment is for day-to-day operations like salary, rent, and others.
Franchise Agreement: The franchisee needs to sign the 4-year agreement between you and the franchisor, which outlines terms and conditions, a revenue-sharing model, and ongoing support until a certain period.
Profit Potential of ZICA Franchise
Profit Margin: As a franchisee of ZICA, you can expect a healthy profit margin of 15 to 20%. Factors affecting the profit margin include location, student enrollment, and operational efficiency.
Revenue Share: 80% of program fees or revenue will be shared with the franchisee and 20% with ZICA, respectively.
Return on Investment: To recover the initial investment, it takes 2 to 3 years.
| Revenue Share | 80% |
| Profit Margin | 15 to 20% |
| Return on Investment | 2 to 3 years |
Requirements to Open Franchise
Financial Capacity: Franchisees need to have the financial capability to invest in the franchise. This includes the initial franchise fee, setup costs, infrastructure expenses, operational costs, and marketing expenses.
Minimum Space Requirement: You need to have a minimum of 1500 sq. ft of space for your ZICA center.
Entrepreneurial Spirit: A committed entrepreneurial spirit is essential to the success of your ZICA franchise. Passion for animation, education, and creativity will be valuable assets.
Institute location: The institute should be located at a place where the students find it convenient to commute. The students prefer a place that is near the college, working place, residence, station, or a central commercial place. A ground floor with road frontage would be ideal. The other trades and businesses around the institute should be decent and safe for the female students.
If you are taking land for lease. You should take it on a long-term lease for up to 5 years or more. The premises should have a proper electricity supply.
Manpower required: A minimum of six employees are required to operate the institute and gradually increase it.
How to Apply for the ZICA franchise?
Follow the below steps to apply for a ZICA franchise:
Visit the official website: The first step is to Visit the official website of the Zee Institute of Creative Art and gather information about ZICA, its franchise model, required investment, and requirements.
Locate “franchise opportunity”: look for the “franchise opportunity” section on the official website. Usually available on the menu bar.
Fill out the Franchise Application Form: Click on the franchise opportunity to access the franchise application form. Provide the necessary details, including your name, mobile number, email address, state, and city. Also, read below the conditions mentioned by the ZICA.
Submit the form: Fill out the application form with personnel and business information. Double-check the information for accuracy. Then submit the form.
Wait for a Response: After submitting the franchise application form, the ZICA franchise team will review your application. if you are eligible for a franchise. They will get back to you. This process may take a few days or weeks, so you need to be patient.
Pros and Cons of ZICA Franchise
Pros
| Established Brand: ZICA has been providing animation education for 28 years. Currently, we operate 30+ centers in 15+ cities. As a franchisee, you’ll benefit from the brand’s recognition and reputation. |
| Comprehensive Curriculum: ZICA offers a well-structured curriculum for every center. It covers various categories like animation, VFX, and multimedia. Franchisees will have access to their proven teaching methods and course materials. Franchisees need to prepare separate circulars. |
| Industry Insights: ZICA collaborates with industry professionals to provide real-world insights to students. Franchisees will benefit from this. |
| Support and Training: ZICA provides initial training to franchisees and staff you hire. Also, it provides ongoing support, and along with that, you will receive guidance on operations, marketing, and student management. |
| Growing Demand: The animation and VFX industry is expanding globally. With the right marketing efforts, your ZICA center can attract aspiring animators. So franchisees do not need to put any effort into advertising. |
Cons
| Initial Investment: The franchisee needs to invest 25 to 35 lakh, which includes the franchise fee, setup costs, and others. Ensure that you have the financial capacity to cover these expenses. |
| Royalty Fees: ZICA charges a 20% royalty fee on monthly revenue. Consider this ongoing expense when calculating profitability. 20% royalty fee is a little bit more than others. |
| Competition: The animation education market is competitive. You’ll need effective marketing strategies to stand out. |
| Location Dependency: Success depends on the location of your ZICA center. If you don’t have a good location, you may fail to make a good profit. |
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Conclusion
In conclusion, How affordable is a ZICA franchise? How to Apply? The ZICA franchise offers an established brand, a comprehensive curriculum, and industry insights. However, the initial investment, ongoing royalty fees, and operational challenges should be carefully considered.
FAQ
How much does the ZICA Franchise cost?
To open the ZICA franchise you need an investment of 30 to 50 lakhs including franchise fee, working capital, and others.
What is the Profit Margin of the ZICA Franchise?
ZICA Franchise offers a profit margin between 15% to 20%.
What is the Royalty Fee of the ZICA Franchise?
ZICA charges a royalty fee of 10% of monthly sales to provide marketing, ongoing and advertising support.
What is the Franchise Agreement Term of ZICA?
ZICA Franchise agreement term is 4 years.
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