Q1. What would be the required investment
A1. Financial Requirements
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The interested entrepreneurs must have well located premises.
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They should be willing to invest in a good training environment and promotion of the concept.
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The total investment not including the above two will start from 2lacs p.a.
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The 3 year partnership can also be availed starting at 4lacs.
Q2. What would be my return on investment?
A2. Profitability would depend on the efforts and investments made, the revenues earned less the expenses.Effective promotion and business management will be essential. The ROI projected for a good performance is very attractive.
Q3. What infrastructure would be required ?
A3. Once you become our partner by depositing the licence money you would be provided a 'manual of requirements' which will help you to set it up quickly.
Q4. Is there an opportunity to become a master franchise and set up more than one school?
A4. Yes, it is possible and you can ask for more details. We support such partners.
Q5. How long will it take to complete business partner selection process?
A5. From application to appointment it takes about 3 weeks to complete the selection process.
Q6. What happens after I submit application?
A6. A mail will be sent to you confirming the receipt of your application. Soon you will be contacted by our franchise vertical for evaluation and selection process to start.
Q7. After how many years will my license need to be renewed?
A7. The licence is of 2 types. You can be our partner for one year or 3 years. The license will be renewed after the end of the period on the prevalent terms and conditions.
Q8. What is the minimum manpower requirement at the MWSBS?
A8. The manpower requirement varies and is based on centre capacity and location.
Initially however, you will need the following:
- 2 Trainers
- 1 Business development executive
- 1 Front office staff
Q9. How do we select a location?
A9. The location must be close to a business or academic district and be easily accesible.
Q10. Would you keep supporting a partner?
A10. Milagrow would support its Partners in the area of Marketing, Training, Online tests and other processes.