Sify:
Maths for five-year-olds. A money-spinner? BrainOBrain Kids Academy, a company that manages 250 franchisees in 18 States in the country, and a couple in Sharjah and Dubai, has proved that it is possible, with a yearly cash inflow of about Rs 4 to 5 crore through royalties.
The institute promotes the teaching of mathematics through the Chinese Abacus system, said S. Anand, Managing Director, BrainOBrain. The schools cater to the age group of 5 to 14, a time when both the left and right side of the brain can be easily developed, he said. The programme is designed to improve memory, speed, accuracy, visualisation skills, concentration and self-confidence.”Not only does the marks of the students improve, but also their all round ability and confidence to succeed in any field,” he said
The initial investment for a franchisee is Rs 68,000, for which the franchisee will have to pay 30 per cent royalties, but the institute does offer two more packages for persons who show exceptional ability in managing a school - Rs 43,000 with a payment of 50 per cent royalties and Rs 18,000, with a payment of 70 per cent royalties, with the institute funding the difference. The prospective franchisees will have to undergo an entrance examination and a training course.
The institute is looking to spread its network beyond the borders. Apart from the institute in Dubai and Sharjah, franchisees in Singapore and Kuwait will be up and running by the end of April, and one in the UK is slated to come up in July, while the registration process is still taking place for US and Canada. “By the end of 2006, we hope to be in seven countries,” he said.
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