Market Research & Feasibility study for a New school Project.
RGF experts evaluate the project’s potential in detail and provide a Market Research & Feasibility Study Report for promoters and investors to ensure the project is highly successful and has the possibility for further growth in the future. The analysis for each project is conducted with an objective, unbiased approach to provide detailed information upon which decisions can be made by the promoter or investors. The School projects involve huge capital investment. Therefore before starting the project, it is necessary and imperative to conduct a Market Research & Feasibility Study to find out whether the project is feasible for the promoter or investor. It sets the foundation for a successful school project.
RGF provides a well-designed Market Research & Feasibility Study report with a historical background of the school project, description of the service, an on-site survey, market research and policies, competition analysis, financial statements, details of the operation and management, availability of human resources and financial projections, legal requirement and obligations, strategies for technical development and effective project implementation. RGF team experts with 2 decades of Education industry experience always provide the most detailed and efficient project report for all types of school projects. RGF has successfully undertaken over 600 school projects across India and all Market Research & Feasibility Study reports have proven accurate as they lead to the successful establishment of each project.
Taking time to conduct a robust initial feasibility study saves time and money, whether or not a project is regarded as viable. If the project is a good fit, drilling down to establish estimated costs allows project sponsors to proceed advisedly.
Steering a project safely through its implementation phase, within budget and on schedule is the next phase. We will coordinate the input of all key players and guide the writing of effective curriculum, budget and staffing plans.
In most cases, new school start-up enthusiasts jump to the construction stage of the new school building without assessing the school project feasibility, planning budget, and not considering any statutory requirements. The decision to jump stages is purely based on individual perception, a lot of money would have gone into the new school setup and operations – It may take several years to understand if the approach is delivering the desired results or not. To avoid ambiguity, and endless run-time issues and to ensure you are making the right investment, we suggest a data-driven approach to determine a sustainable school concept or school project feasibility. Some questions you need to have valid answers for before you begin or make any investment –
DPR is a comprehensive school development plan prepared in consultation with the school promoters, an important start-up guide for those who wish to start a new school. Further, it acts as an implementation guide for promoters and can be used to obtain loans for the proposed school project. DPR addresses all major issues concerning the project, namely –
Many options are available; you may consider any one or combination of these familiar options –
There is no single answer to this question, Cost of setting up a school is dependent on several factors, listing few factors –
The minimum requirement is 500 – 8000 Square meters. However, the land required depends on the specific location you wish to open the proposed school, the facilities you propose to provide to students, the state board, and other affiliations (CBSE, ICSE, etc) you are planning to seek for your new school.
Approximately Rs. 1400 – Rs. 3500 square feet, varies by location and quality of construction
Depends on the pace at which you are able to establish brand awareness and enroll students. For a moderately financed venture, the operational break even should be within 1 – 5 years from the launch date. Sometimes operational break-even may not happen as predicted, you still need to support operations and maintain the brand position. It is suggested that you plan the necessary cash flows well in advance.
This is highly dependent on the capital invested and the overall success of the school. In a normal case, the break-even should be within 5 – 10 years from the launch date (not considering gains thru land value appreciation/depreciation)
Age-appropriate facilities are necessary for all-around child development. There is no end to the facilities and amenities you can provide. Figure out what is adding to the cost and not adding to the enrolments and make sure they are used to the optimum. Some of them include:
Principal, coordinators, Teachers, Lab Assistants, Maids, Administrator, Accounts Staff, Gardner’s, Nurse, Drivers, etc.
You should meet the prerequisite criteria indicated by the state board and other boards (CBSE, ICSE, IB, etc) you are planning to seek affiliation from. We recommend planning these based on the academics and beyond academic programs, your school would offer, and the nature of the learning environment you wish to provide to students.
The fee is calculated based on the nature of the project, tenure, specific deliverables, and the effort involved. We offer flexible charging models for the convenience of people aspiring to open new schools –
Charges are calculated based on the nature of the project, resources required, tenure and specific goals. We offer flexible charging models for the convenience of school management.
YES, Team RGF is equipped to deliver services to prospective clients across India. The RGF team has experience in delivering services globally. Language and State are not any barriers to a new school setup. Collaborations are a vital part of what we do.
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