Binka Basic Maths - Training Institute Franchise Opportunity
7.4 / 10 · Established in 2016, 25 Franchisees currently, Headquartered in Thiruvananthapuram
All Formats
| Format | Investment including Brand Fee | Brand Fee | Space | Staff | Exp. Monthly Sales | Profit Margin | Royalty |
|---|---|---|---|---|---|---|---|
| Village Franchisee | USD 359 - 599 | USD 120 | 500 - 2,000 Sq Ft | 1 | USD 360 | 25% | 60% of the student's fee will be paid to the franchisee partner as commission. |
| Legislative Assembly Area Franchisee | USD 3 - 3.6 thousand | USD 500 | 500 - 2,000 Sq Ft | 1 | USD 1.8 thousand | 15% | 20% of the student's fee from all the training centers within the assigned region will be paid as commission to the franchisee partner. |
| Format Name | Village Franchisee | Legislative Assembly Area Franchisee |
|---|---|---|
| Investment | USD 359 - 599 | USD 3 - 3.6 thousand |
| Brand Fee | USD 120 | USD 500 |
| Space | 500 - 2,000 Sq Ft | 500 - 2,000 Sq Ft |
| Staff | 1 | 1 |
| Expected Monthly Sales | USD 360 | USD 1.8 thousand |
| Profit Margin | 25% | 15% |
| Royalty / Commission | 60% of the student's fee will be paid to the franchisee partner as commission. | 20% of the student's fee from all the training centers within the assigned region will be paid as commission to the franchisee partner. |
Documents
About Binka Basic Maths
Binka Basic Maths was started on January 7th, 2016. Since inception, our main goal has been to enhance math literacy among the youth population in India. A majority of students are fearful of math due to a lack of understanding in that subject. Our vision is to open one study center per village in India. We are affiliated with National Skill India Mission.
To that extent, we are inviting village franchise partners who can provide math classes within their villages. Additionally, we also seek a legislative assembly franchisee partner. They will be responsible for all the training centers in their assigned region.
Products and Services
We provide basic Mathematics course for primary and secondary students.
Preferred Locations
India.How to get Binka Basic Maths Franchise?
Kindly contact us through SMERGERS if you are interested in taking up this opportunity.
What are some of the things we look for in a Franchisee?
- We are offering two formats: i. e. Village Franchisee and Legislative Assembly Area Franchisee.
- We expect the village franchise partner to provide day-to-day math classes, organize the finances of their center, and maintain the training facility.
- An initial investment amount of INR 10,000 will be charged by the franchisor, Binka Basic Maths, as training and brand fee. At the end of the training, the franchisee partner will receive a training certificate from National Skill India Mission. Currently, we are developing a mobile application to provide training to the village franchise partners. Prior to the pandemic, we provided off-line training. During the pandemic, we are providing training through videos that are circulated on WhatsApp.
- The primary responsibility of the legislative assembly area franchisee partner is to provide the initial one-time investment fee of INR 2 lakh to INR 2.5 lakh which will be spent on the marketing activities of all the training centers within their assigned region. Besides that, they can also oversee and manage all the activities of the training centers within their region however, this is not mandatory.
- The calculations of the monthly sales and profit margin of the village franchisee format has been provided on the basis of the financial of pre-existing outlets. Since all the marketing will be handled by us and the fees charged per student is INR 3,000, it is extremely feasible to obtain such levels of sales. For the legislative assembly area franchise format, the partner will be receiving 20 percent of all the sales revenue generated by the village franchisee partners within their assigned region hence making it feasible to obtain the level of revenue expected.
Support you can expect from the company
- The village franchise partner will receive training from us. Additionally, all the marketing will be handled by us. We can also provide assistance with setting up the training center, however, we highly recommend that the village franchise partner sets up the training center at their own residence.
- The legislative assembly area partner will receive a steady stream of revenue from us in exchange of the initial investment amount that is provided by them.
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Earlier than 15 daysIT Manager, Investments, Dubai, Individual Investor / Buyer connected with the Business
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