The preschool industry has shown tremendous growth in the last few years. Rise in disposable income, working mothers, nuclear families,
and parents desiring to make their kids best in everything are the main factors leading to the popularity of the preschool sector. The preschool industry in the country is currently estimated to gross about Rs 4,004 crore ($985 million). It is also true that the largest chain of preschools in India comprises of just 550 schools, less than four per cent of the total market potential of 15,000 preschools.
This shows that there is still a lot of scope for growth in this sector, which can be explored very soon. This can be said keeping in mind the rate of development in preschool sector.
However, with all the advantages offered by preschool sector to the franchisees, like a well-established brand name, training and support, recruiting faculties, suggestions by the franchisor for improving and increasing popularity etc, there are also a few challenges which can be faced by franchisees. More.