Footprints Childcare a Renowned Parenting Partner aligns with Franchise India to expand across India
Moving ahead with an aim to reach out to more cities, the Footprints management is expanding its operations through Franchisee Owned Company Operated (FOCO) business model across India.
- (1888PressRelease) November 08, 2014 - In this, the entire franchisee operations would be solely managed by the Footprints management. Its expansion will be supported by Asia's largest franchise consultants, Franchise India.
To become a partner with Footprints Childcare , the investor should have an area anywhere between 6,000 to 12,000 sq. ft with a total investment between Rs. 46 to 76 Lacs. Te agreement will be for 9 years.
The FOCO model combats the common reasons for the failure of franchised centres like operational issues, manpower management, marketing & staff motivation. FOCO model offers better returns compared to FOFO model, minimum time investment by the franchisee, exclusive no frills business model & complete management by the franchisor.
Presently there are around 1700 schools catering to over 2 Lac students in India. The concept of preschool is relatively new in India, but the trend is fast growing to due to increasing awareness coupled with experts finding that nearly 40% of learning takes place before the age of 4 in a person's life. Traditionally, the Indian preschool market has been swamped by the unorganized education centres run by housewives in near neighbourhood. With rising awareness & growing demand for high quality toddlers/ preschool education, the organised market with proven success stories such as the Footprints. Franchise is bound to grow faster, at a CAGR of 50% over FY2014-15, compared to 36% CAGR for the overall market. As per estimate, the preschool market is likely to touch Rs. 164 Bn. by FY2018. Growth factors for the industry are escalating demand, rapid urbanization & rising income levels.
Footprints brings world Highscope - a world renonowed Day Care & Pre-School curriculum in India for the first time. Based on 50 years of research by US based HighScope Foundation engaged in curriculum development since 1962, the learning model is child centric & has activities designed right from birth onward maximising the opportunity for child growth & development. It's being used over 50,000 pre schools in more than 20 countries across the world like in USA, UK, Australia etc.
For kids' security assurance, the brand provides services like instant mobile updates, live CCTV feed to parents & nutritious food to kids.
Footprints Childcare is a brain child of IIT-IIM alumnus - Ms. Amita Bhardwaj (Vice President), Mr. Purvesh Sharma (COO from IIT-D), Mr. Ashish Aggarwal (CFO from IIM-C) and Mr. Raj Singhal (CEO from IIT-D).
Ms. Amita Bhardwaj, Vice President, Footprints Childcare said, "Moving ahead with ambitious plans, we are expanding our presence across India. We hereby invite passionate, dynamic individuals with business acumen to be a part of our expansion program."
Adding to this Mr. Gaurav Marya, Chairman, Franchise India said, "Franchise India's earnest endeavour is to provide a strong and efficient platform to entrepreneurs to expand their business through us and gain as much as possible out of their expanding operations and management. And we are excited to have partnered with Footprints Childcare for their growth story."
About Franchise India
Franchise India is Asia's largest integrated franchise solution company since 1999, with an absolute authority on Franchising, Licensing, Retailing, Real estate and Business Brokerage. Franchise India has helped over thousand of brands in their channel expansion plans through franchising, dealership, distributorship and in turn has assisted over hundred thousand investors in advising them with right business fit. The company has worked with several major corporate houses and brands over these years like, Aditya Birla Group Mahindra Group, Reliance, Tata, Videocon, Gitanjali, Levis, JK Tyres, Lakme, Adidas, Euro Kidz, The Apollo Clinic, Chhabra 555, Sarovar Hotels, Next, Apollo tyres, Nokia, Coffee Bean Tea Leaf, Skechers to name a few, through media, advisory and brokerage.
Franchise India has created its own niche as the pioneers of franchise industry and a small business authority. For more details log on to www.franchiseindia.com & www.franchiseindia.in.
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