Opening a new school is not a matter of joke, especially when the Indian education market is getting so competitive. So, does that mean you can’t start school, especially a playschool?
No, not because there is an option known as a franchise which van reduce the hurdles of starting a new educational business by a great extent. When you open a playschool under the name of an established franchiser, your reputation is judged based on the reputation of the parent business name.
But, opening up a franchise is not easy, especially in terms of finances. There are a lot of factors which determine the play school set up cost. And quite, unfortunately, you are not aware of these factors, right? Well, that’s why in this article we will discuss the facts on which the entire setup expenses depend. Along with that, we will also explain the ways to reduce those costs.
Expenses on owning a plot and construction costs
First, you need to buy a plot where you can set up the playschool. Now, for this, you will have two options:
- You can buy a new land which was unused and then build a playschool building on the plot.
- You can buy an already constructed building which you think will be suitable for your plan.
Even though both these plans will give you independence and supreme control over the property, there will be a huge amount of money involved. For mitigating the cost, you can rent a building which is already constructed and is perfect for a playschool. One of the major advantages of renting is that you won’t have to spend a lot on buying the property at the market value, the registry costs, and also the construction costs.
Infrastructure setup costs
The next thing which you have to look for is the total infrastructure setup cost. For this, you can either follow the plan of the playschool franchise you have chosen or create your designs. However, in India, several franchisers like Pipschools have designed an infrastructure plan which will not draw a lot of money from your pocket. Such plants are quite affordable, and hence you won’t have to worry about spending lacs and crores.
Hiring expenses of teachers and faculty staffs
The last factor on which the play school set up cost depends is the teachers and the faculty staff. When you hire them, you need to pay a monthly salary which must be included in the setup budget to avoid any kind of financial setbacks in the future.
With today’s discussion, one thing is clear and that is setting up a new play school in India is not everyone’s forte. So, if you don’t want to consider yourself in that category, start planning the budget carefully and follow our advice.