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Best Franchise Business You Can Make Investment In?

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28 December 2020                

Read time: 6 minutes

Introduction

What is a franchise business?  

A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand's trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.

What exactly is franchise business

 

How does a franchise work?

You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisor's name for a specific number of years, and assistance.

Many franchise operations need a huge upfront investment   

huge investment to go for franchising

Starting a new business from home is a big move. To help ease the process of starting a business most people are willing to invest capital in starting something new. However many franchise brand operations need a huge upfront investment running into a few lacs. 

A new branch – franchise branch of a restaurant will need an upfront investment of Rs 5 to Rs 10 lacs.  A franchise of a clothing brand, say a brand of jeans may cost as much with an additional cost of stocks. So what opportunities are low-cost opportunities? 

Home-based jobs without investment can be strenuous 

Also, these opportunities require a person to set up shop in a commercial complex and will need to spend considerable time away from home. Opportunities to work from home are jobs like a call centre are very demanding on time and do not allow flexibility. 

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Best franchise business you can make investment in?

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The reason why you have to franchise cuemath

1. Have you heard of Cuemath? Cuemath is India’s largest franchise operator

With over 5,000 franchise centers Cuemath is India’s largest franchise operator. Cuemath is a brand that specializes in teaching Math to school going students (KG to 8). Over 75% of school-going children go for after-school help on Math, so this a very large market with millions of potential students. 

Cuemath is one of India’s fastest-growing companies. Cuemath is a well-known brand that has already served over 100,000 students and has over 5000 Partners who run a franchise center from their own homes with investment as low as Rs 10,000.

2. Cuemath has a unique model – only franchisee centres and no company-owned centres

Cuemath is a unique company that offers such franchise partnerships. We don’t have our own. We operate through teacher franchise partners and have over 5000 franchises.  And the starting investment is very low.

3. Work from home, without investment

Cuemath is an extremely low investment franchise opportunity. In fact, running a Cuemath franchise center does not require any special setup or infrastructure. A total investment of just Rs 7,000 for a Math Kit: You will need to buy teaching materials (approximate cost Rs 7,000), to use in class.  

The company will give this to you before you start your class. It is a one time purchase and the same materials are used for grades KG to 8. Plus an Android Tab: If you already have one that is good, else you will need to procure one, approximately will cost you Rs. 8000. 

4. Earn upto Rs. 40,000 a month from your franchise center Online

The single most important factor that determines how much you will earn as a Cuemath teacher is the amount of time you are willing to devote conducting the to taking Cuemath classes. 

Most teachers earn an average of Rs 20,000 a month with 10 to 15 students, with 6 to 12 hours of classes every week. Many teachers earn over Rs 45,000 a month as they devote 4 hours a day. Like any entrepreneur, with your effort, your center grows and you start earning more. 

Like any franchise business, it takes 6 months to reach a good size of students. 

5. Earn Online from home as well 

teacher teaching kid through online

In addition to starting a center, teachers can also teach students online from all over the world. Students will log into the online site for their class and the teacher will also log into the online class. 

The class will be moderated by Cuemath. However, to qualify as an online teacher you will need to have demonstrated success in you own physical center at your home.    

6. Cuemath Centres are operated as a partnership between the Teachers partner and Cuemath

Cuemath centers are a partnership where the teachers and Cuemath share equal responsibilities of setting it up and managing it. So, the one-time fixed cost of starting a centre is borne by the teacher while Cuemath takes up the responsibility of developing and maintaining components such as technology, curriculum and ongoing costs of managing the business such as learning material. 

Business growth is a joint responsibility of Cuemath and the teacher partner.  

7. Cuemath will train you 

Cuemath is training the teachers

Cuemath will train and certify the teacher. The teacher will need to clear a math course and demonstrate proficiency in Math. However, all other aspects like, how to run a business, how to manage students and customers, the teachers will be trained. 

Also, refresher courses on math will be administered by Cuemath when required.   

8. 60% of revenue for the teachers 

Revenue from the learning center is shared between the teacher and Cuemath (the teachers are paid 60% of the total revenue while Cuemath earns 40%). Cuemath will collect the money electronically and payout to the teacher at the beginning of every month. 

9. None of the cost paid by the teacher is retained by Cuemath

All of the setup cost of the Math Box paid by the teachers is spent on procuring and dispatching the material to the teachers, payment of mandatory taxes to do so, and training of the teachers. In fact, over and above the cost of the Box the company spends money on training and certifying teachers. This is to ensure that the classes are of high consistent quality. 

10. Did you know Cuemath is backed by Google and Sequoia?

Cuemath is one of India’s fastest-growing companies backed by investment from international investors such as Sequoia and Google. These are the most respected names in the investment community and have backed many hundreds of companies such as Whatsapp, Truecaller, and Apple. 


Conclusion 

This blog mainly speaks about why you have to go for the cuemath franchise than other franchises why cuemath is better and above are the several reasons why you need to do it. And it talks about how the teacher and the students get benefit at the same time. At this pandemic, it is very difficult to keep your child on pace to get knowledge and a good job opportunity for the people who are in need of a job and it also provides the opportunity for the women to start their career in the field of math and teaching.

Taking the cuemath franchise will benefit you in all ways and there are trainers who can train and keep you updated.


About Cuemath

Cuemath, a student-friendly mathematics platform, conducts regular Online Live Classes for academics and skill-development and their Mental Math App, on both iOS and Android, is a one-stop solution for kids to develop multiple skills. Understand the Cuemath Fee structure and sign up for a free trial.


Frequently Asked Questions   

How do you get a franchise?

  • Know your budget
  • As with so many things, do your research
  • Reach out to the franchisor and other franchisees
  • Typically, both the franchisor and the franchisee will undergo an interview process
  • Sign the franchise agreement, and make your investment

Is buying a franchise a good idea?

If you want to own a business, but don't have an idea to build from scratch and you have the resources to make it work, a franchise can be a good choice. ... Make sure you are prepared to pay the costs associated with the franchise and that the corporate headquarters is likely to provide the support you need

Is franchising a safe investment?

  • A strong industry ensures Franchisesuccess.
  • There is no need to hire a FranchiseAttorney or Accountant.
  • I can operate my Franchise for less than the franchisor predicts.
  • The Franchisor is a nice person—he’ll help me out if I need it.

External references

To know more please click on the links below 

How Cuemath is redefining the concept of learning math

Vidya Balan pitches for Math Education the Cuemath way!

 


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