With sports other than cricket and football gaining popularity, there is a growing opportunity to establish a sports academy.
Children’s sports and physical activity may be linked to outcomes such as character development, improved physical and mental health, and teamwork. All of these characteristics contribute significantly to an individual’s persona.
This has also been very well realised by Indian parents who have shown great confidence in the English proverb, “All work and no play makes Jack a dull boy”, and so they are now pushing their children to pursue some or the other sport activity. “The best part about sports is that even the government is taking significant steps in this direction. This indeed is a good sign for our coming generations,” feels Mohit Verma, CEO – Franchise Trade.
Notably, Franchise consulting firms like Franchise Trade are instrumental in promoting sports by helping leading sports franchise brands like Cricket Academy of Pathans to expand their footprint across India.
Why Start a Sports Academy?
With the evolution of sporting leagues, enhanced infrastructure, international parenting concepts, global schools, sports centric housing societies, and, most importantly, a new culture where people are able to think of a viable career in sports other than cricket, India is leading a slow but new revolution. Tennis, Kabbadi, Badminton, Boxing, Wrestling, Hockey, Swimming, and many other sports are emerging as viable career options.
Today, more and more parents are eager to discover their child’s athletic abilities and enrol them in sports academies. Another important factor is that youngsters in today’s generation spend far more time indoors and on smartphones and other electronic devices than playing outside, which makes them couch potatoes. As a result, parents are pressuring their children to join sports teams in an effort to instil a healthy lifestyle.
By 2025, India is expected to have the youngest population in the world, with 63% of its citizens being under 25. The nation’s young will decide how Indian sports develop in the future. Therefore, creating a sports academy now will benefit you in the future by giving you access to a huge young population.
Growing Government Support
The Indian government has launched a number of initiatives to help and sustain the sports business after realising the importance of sports and a healthy lifestyle in India. Along with fostering sports talent, the Indian government has focused on expanding the sports industry as a way to boost employment, revenue, and foreign investment.
Franchising: The Most Preferred way to start your Sports Academy
It’s wonderful to start your own academy from scratch, but you can also choose the franchising model. Like the Cricket Academy of Pathans, Prakash Padukone Badminton Academy, Mahesh Bhupathi Tennis Academy, Gopichand Badminton Academy, etc., several well-known sports stars have established their own academies and are sharing their knowledge and experience through franchising. In addition to promoting brand expansion, the franchising model makes it simple to obtain bank loans and investments.
Some other benefits of franchising are:
-High Return on Investment (ROI)
-Income growth
-Recurring income
-Recession-proof business
-Quick breakeven
Things to Consider before taking a sport academy franchise
Before opening a sports academy, there are several things to think about. The first and most important thing you need is a solid business plan. The success of your academy is significantly influenced by your business plan. The second thing you must do is create a financial strategy. Keep in mind that opening a sports academy is a relatively expensive business opportunity.
For example, you need 20 lakhs, as an initial investment to start Cricket Academy of Pathans franchise. The required space is between 35,000 and 50,000 square feet.
If you are interested in starting your own sports academy franchise, get in touch with one of our franchise consultant today at _________________