If you are associated with the education industry and would like to develop your network in a territory then the master franchisee proposal from Speakwell would be of interest to you.
What is master franchise?
As a master franchise, you would own the rights for the Speakwell brand in the assigned territory. As part of the master franchisee agreement, you would sign-up franchisees in an assigned territory and develop a network of training institutes under this brand.
What is in it for Master Franchisee?
The master franchisee gets a share of the Fr. Fee revenue and the royalty income. Once the network is setup this network keeps working for him/ her. The effort to build the network is one time and it keeps on paying dividends over the lifetime.
The need for Spoken English training is high in each and every city and town of India. In fact, a local player exists in each and every city or town.
2.Future Proof Business
Demand for Spoken English training is not going to diminish in the near future. So, your effort to build the business is secured by the long term sustainability of this need.
As a master franchisee, you are enrolling franchisee for the No. 1 brand of Mumbai, with more than 100 existing centers. It gives confidence to the franchisee and hence is easy to sign-up.
4. NSDL Training Partner
As an NSDC training partner, the Speakwell center becomes eligible for a host of Govt. funded projects in the territory. Speakwell will bid for such projects along with the Master Franchisee.
5. High ROI
As a Master Franchisee, the ROI is very high. The initial investment is recovered in the first year itself. Thereafter, the master franchisee does not have to investment any money and can make more than a lakh of rupees per month from this business, which has a potential to scale to about 2 lakhs per month within 18 to 24 months of operations.