Market Research & Feasibility Study to start a new school.
The Feasibility Study and Project Planning services for a new school project is the most important aspect for the promoter to gauge the performance potential of the venture. The school feasibility study helps promoters to be aware of various challenges in school planning stage to set the foundation for a successful new school project. It comprises of an on-site survey, market research, competition analysis, availability of human resources and financial projections along with market entry strategy that leads to the effective utilisation of the execution budget, capital investment and understanding of the market dynamics. Erocon with its 3 decades of industry experience and know-how are the most preferred educational consultancy to undertake a detailed project report for schoolprojects. With its unusual feat, Erocon has successfully undertaken over 450 school feasibility studies since 2009 that cover 22 states in India and locations across the Middle East.
Market Dynamics & Assessment
- Detailed Site Assessment
- Location Assessment
- Identification of Target segment and target catchment
- Competition Identification
- Identification of average volume addition trend of the project location.
- Strength, Weakness, Threat and Opportunity (SWOT) Analysis for the Project at the given location.
- Detailed Competition Analysis
- Assessment of type of school as per demand of location.
- Opinion on workability of established school franchise model or development of self brand.
- Opinion on Board affiliation for school to be opted for the project
- Market Entry Strategy Opinion
- Associated Brand positioning plan for the school.
- Pricing Strategy and determination of workable school fee structure
- Fee Expansion Plan for next 10 years
- Concept note and Project USP workable for the location
- Infrastructure Planning with Detailed Area Chart for Master Plan, Phase I & Phase-II construction
- Facility Plan for the project
- Sports Infrastructure Planning
- Curriculum Recommendation
- Opinion on Project Expansion and Phase initiation planning
- Human Resource /Staffing Plan for 10 years
- Project Construction Timelines and Deadlines
- Administrative Timelines
- Opinion on Strategic alliances and education service partners for school project
- Green School Concept and green school ratings
- Inputs on IT innovations and Requirements for the school
Detailed Financials & Economics of the Project
- Complete Project Capital Expense and Budget for Various phase development of the school project.
- Fee Collection for 10 years
- Salary Expenses for 10 years
- Detailed Profit and Loss Account for 10 years
- Loan Calculation and impact on P/L Account
- ROI Calculation
Timeline of the report: 25 working days under general services and 10 working days under premium services.
A school feasibility study helps you answer the following:
- What is the catchment area of targeted families?
- What is the market segment for which the school is being introduced?
- What is the paying capacity of the market segment along with the spending capacity of the market segment towards education?
- Determination of the level of exposure of the market segment in terms of facilities being provided by the existing competitors catering to our target market segment
- Detailed Competitor Analysis and understanding the mindset of the market dynamics
- What shall be your school’s concept note, market entry strategy, facility plan and USPs?
- What is the projected potential and volume addition trend of the target market?
- What should be the Project Budget?
- What shall be the right direction and approach for an investment of funds to get the desired outcome?
How Market Feasibility Report for school is prepared
Our purpose is to provide a project report for bank loan by our expert school consultants who identify the likelihood of setting up a school in the area and also provide clarity on whether the school project will deliver the desired outcome. This study comprises of a variety of assessment methods that are undertaken including SWOT analysis (Strength, Weakness, Opportunities and Threat Assessment study) & Demand Assessment, Detailed Competition Analysis, Market Entry Strategy, Brand Positioning Plan, Facility Plan & Concept Note, Volume addition trend for the next 10 years, Staffing plan for next 10 years, Project infrastructure & construction area chart, Project Budget and Estimation and finally Profit & Loss account for next 10 years including the loan EMI component.
The Market Feasibility Report s for new school project starts with our school consultants undertaking a survey of education establishment & demand around the catchment area followed by a report with demand projections and financials. The site survey is then followed by estimations & opinion on the required investment for site development, potential market and return on investment details. This project report format for bank loacan also be used to attract investors on board.
Erocon’s experience in the K-12 education sector is superior to that of most other advisory firms in India. Their understanding of drivers, barriers and key issues in this business is excellent. Their advisory team worked with passion & dedication to help our management find solutions to our needs.
EROCON team is pioneer in advising and consulting for K12 Schools. Specially providing all related services under one roof. We are impressed by their knowledge of the subject and concept of educational project. Their team work as well as commitments are unmatchable. our association will go for long.
Erocon has played a vital role from the initial phase of planning this school. Planning and school set up services has been very prompt. Their team is very professional and systematic. Kudos to their expert Branding team. Looking forward to a long relationship with Erocon.
I’m glad to meet such a dedicated team. There knowledge in the educational industry is thorough. They are precise and quick in their research. There solutions are backed up with facts. I would like to mention specifically about Mr. Shiraz. A trust worthy person who works with a smile. Great team!
A thorough professional and committed organization, Erocon took off all our burden onto their shoulders. I personally experienced their diverse knowledge and expertise in education domain. Prompt in communication synced with our team they always updated us about latest govt policies regulations.
We read about Erocon thru online search as top school set up consultants in India. So we called them with high hopes and have been really happy with their support and guidance. Shiraz from Erocon is really supportive and has provided many practical inputs as we are going ahead with our first school.
EROCON carried out feasibility study for new residential school project at Udaipur. The work was done professionally and delivered on time. Attention to detail in preparation of report is praiseworthy and they know their subject very well . Keep up your good work.
Thank a lot for your affiliation advisory services People are so confident ,friendly and responds promptly. Erocon team first understands exact status by way of audit and then suggest the course of action.Especially the confidence just before and during CBSE inspection keeps the client away from pressure. Good job ?
Having EROCON as consultants has been the best decisions I have made when the concept of starting a school evolved in my mind. They have been brilliant in their planning, organization and execution to detail. Hardworking, professional and dedicated, the entire team is sheer brilliance to work with.
Erocon has terrific educational consultancy and advisory team to help our management find solutions. They have identified key issues, drivers and important resources that are required for our school. I would appreciate the entire team for their passion and dedication.
Erocon’s modules are well designed, competitively priced and value for money offering inputs much beyond contracted content.
Erocon has an expert in each portfolio- concept to affiliation and beyond. The team is efficient with remarkable response time.
We wish Erocon success in all its projects
We had approached Erocon Consultancy for our project in Gurugram. Erocon Consultancy is an epitome of high standard professional services with an effort to ensure their customers satisfaction and help them out in best possible manner. They helped us stimulate and promote our qualifications and goal
A very professional organisation. They have always valued their quality of work and delivering the work within the promised timeframe. They have been vital in setting up our school and providing us with all the necessary data as possible. Lastly, we have been more than business clients.
Erocon, our international education consultancy paves an excellent and integrated education programme each year to inculcate a international standard of education system. The consultancy played a vital role for achieving our school’s objectives and motto’s.
We feel privileged to have Erocon consultants as our advisors and the valuable information they have provided in terms of market study of Gwalior area or Meerut city has served as a useful tool for our future growth and expansion
We appreciate their effort & look forward to work with them regularly.
As a client, we really feel happy to be associated with EROCON and that we selected them to handhold our project as a consultant. We’ve been associated for almost 2 yrs now and it’s been a great & successful journey till now and we honestly feel that our relationship will last longer.
Erocon as an Organization works in a professional manner. They have been prompt in rendering their services. Our entire documentation happened in a systematic manner with regular updates and advice on the sequence of events that would follow.
My journey with Erocon has been all about learning and success.The team is very professional and positive.They make sure you follow all Govt. Of India norms in order to make sure you do not go into the wrong way of doing things.Very professional with the paper work. Instant support highly recommend.
Erocon is helping hand in CBSE Affiliation process. They make sure that everything is in place during inspection and conduct a trial before the inspection too. I am extremely satisfied with the services given by Erocon. Hats off to you and all the best for your future endeavours.
We came to know about EROCON via internet. At first, we were very skeptical. As soon as we sought their help in our School project, we found that their capacity and expertise is unquestionable the best available in the market. We highly recommend EROCON to everyone, interested in starting a school.
We are completely satisfied with the report given by Erocon. They were very professional through the project. Mr.Shiraz and Mr. Anirban were really cooperative and helpful. We will surely recommend Erocon for any related needs.
I take this opportunity to appreciate the work done by Mr.Shiraz and Mis.Marya to get our school’s affiliation done as per the cbse guidelines.Their support was really amazing. I wish for their sincere efforts in future.
We are in association with EROCON from last three years. On the basis of our experience gained during work with it we are in a position to say that it is the best service provider in India. It has experienced manpower for providing consultancy in almost all domain of school .
Timely delivery. Co-operative people. Have assisted in every minute tasks. Happy with their services.
Best service with full support
These guys are very professional and they have very good services ?
Erocon not only helped the project done prior to the deadline, but to ensure the client should be satisfied with every step of the process.
I truly appreciate Erocon’s contribution!
Erocon has done wonderful job for us. The Erocon team is very professional and they provided us a detailed survey & feasibility study report which consists of all the minute details but very crucial to take a call. Team is flexible, approachable and always ready to take our feedback and incorporate.
We had very engaging conversation with Erocon and they are indeed knowledgeable on the subject.
Really nice consultants with a alot a experience. Helped us in starting our school from scratch. The parts such as curriculum development, cbse affiliation, recruitment and training of staff helped the school to attain the heights.
Erocon team is thoroughly professional and reliable If you wish to establish a school in your city. Shiraz is in particular a moving encyclopedia in the field and I am yet to come across a better name with more insights in the field. I would definitely recommend them strongly .
Experienced, professional, know there work,punctual.
I approached EROCON because of their experience and feedback given by some upcoming schools. They helped us understand the various factors to set up a school. The report given was comprehensive and had a pragmatic approach to financial planning and infrastructure development.
I engaged EROCON to carry out feasibility study for new school project at Ranchi. The work was done professionally and delivered on time. The meticulous planning and attention to detail in preparation of report is praiseworthy.
Erocon is a professional organization having thorough knowledge about Indian school business provides in-depth analytical information and realistic bluprint for the client. Strict timelines and yet no compromise on deliverables.
Very much professional, punctual, Shows there results on time. We got many things from Erocon.
Work done with professional approach and time frame..
I got to know about erocon through a freind. The team was extremely professional and knowledgeable. They gave us the report as per the timelines agreed. I would highly recommend Erocon.
Erocon was very knowledgeable about the industry and its market. They were able to give us several valuable insights and metrics about it. Their report was very well structured and detailed. They competently went about gathering market intelligence and kept timelines. A very professional job.
We are satisfied with team Erocon ,and their professional approach to advise relating to transfer of recognition from local SSC board to CBSE board.
“Erocon Consultancy has been of immense help since day one when I began chalking out my venture. Their services have been prompt and have the ability to look into intricate details. The team has been very courteous and supportive…highly experienced and knowledgeable.
Extremely satisfied with their services.”
“We had approached EROCON for our school project in a bangalore. The team gave us a detailed insight into the market a very organised report on the running of the school. This has helped us prepare ourself for the upcoming project and serve as a guiding mechanism. Special thanks to team Erocon….
Erocon shows completeness and passion in their work and professional at work. Erocon understand client perspective very fast and guide them in proper way. The DPR they provided is simply excellent,They spent only two days on our location but they gathered all information accurately. Economic report is good. Erocon is competent and provides good service for what you pay.