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Innovatus FET College (Pty) Ltd Presentation to Prospective Franchisees. Presented by: Kay Naidu MBL; B Com; TQM; E-Com; ICDL; Assessor; Moderator; Design. Innovatus FET College – An Introduction. Company History and Profile. Private college – trading company - established 2009

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innovatus fet college pty ltd presentation to prospective franchisees
Innovatus FET College (Pty) LtdPresentation to Prospective Franchisees

Presented by: Kay Naidu

MBL; B Com; TQM; E-Com; ICDL;

Assessor; Moderator; Design

innovatus fet college an introduction
Innovatus FET College – An Introduction
  • Company History and Profile
  • Private college – trading company - established 2009
  • Registered as a school – Department of Education – hence VAT exempt
  • Company registration: 2007/013655/07
  • 5 campuses plus head office
  • Core offering – Further Education & Training (FET)
  • Key competitors – public FET’s
  • 30 full time staff (permanent contracts)
  • Fully functional & capacitated head office
  • Accredited and registered
innovatus campus pty ltd
Innovatus Campus (Pty) Ltd
  • Company History and Profile
  • Franchisor Company – Registration No: 2011/143061/07
  • Vat Registration (SARS) – in process - 80 potential sites
  • Approved – Franchise Association of South Africa
  • Franchise model designed as follows:

- low cost provider

- 100 seater campus (to start – can expand once fully established and profitable

- easy entry into market (turnkey)

- designed for success & national expansion

- franchisee core focus – finance

profile chief executive officer
Kay Naidu

24 years private education experience

Experience – FET / HET / SETA Landscape

Exceptional track record – accreditation and registration

Education – MBL; B Com; TQM; E-Com; ICDL; Assessor; Moderator; Design; Auditing Quality Management Systems

Umalusi Monitor & Evaluator (400 colleges) – accrediting body for Further Education and Training

CHE Evaluator and Monitor – accrediting body for higher education and training

Profile – Chief Executive Officer
why we have gone the franchise route
Why we have gone the Franchise Route?
  • Motivation for Franchising
  • National expansion & increases company capital
  • Lack of private equity in South Africa (predominantly food franchises on offer)
  • Current niche in the private education market

- Competitor B (48campuses)

- Competitor D (28 campuses in total)

- Competitor M(22 campuses in total)

- Competitor P (70 campuses)

- Competitor I (Tuition schools) – legality??

  • Innovatus – designed to fill market niche
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core franchise details
Core Franchise Details
  • Cost Implications
  • Current Price = R741,000 including VAT (R650K excluding)
  • Price includes full setup + accreditation + registration
  • Full training / support / monitoring from start to profitability
  • Royalties = 10% of monthly turnover
  • Premises – to be procured by franchisee (in conjunction with guidance and support franchisor - 180 - 250 sqm preferred)
  • Shelf Company – provided by franchisor
  • Key staff – campus principal
  • Standard furniture and provisioning
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our obligations to franchisee
Our Obligations to Franchisee
  • Franchisor Obligations
  • Site selection (assistance; guidance; negotiations)
  • Full campus setup and installation
  • Accreditation & registration (DHET; Umalusi; MICT: FASSET)
  • Human Resources needs – on start-up
  • Marketing and Student Enrolment
  • Franchise Operations Manual (FOM)
  • Policies and Procedures Manual (PPM)
  • Full education and training – how to run & manage FET
  • Annual Finance / Budget Plan + Campus Audits
  • Annual Strategic Meeting
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management information system
Management Information System
  • MIS – centrally filed at Head Office
  • Student academic records – HO + DHET
  • Student financial records – Pastel
  • Payroll – Pastel Payroll
  • Daily Student Statistics
  • Campus Reports (weekly)
  • Student enrolment records
  • Participation rates
  • Drop out rates
  • Employment placement
  • Onsite and offsite backup
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qualifications learning programme
Qualifications & Learning Programme
  • Course Offerring
  • Teaching
  • Policing
  • Human Resources
  • Marketing Management
  • Public Relations
  • Business Management
  • Accounting & Bookkeeping
  • Information Technology
  • Financial Management
  • Tourism and Hospitality
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accreditations registrations
Accreditations & Registrations
  • Accreditations & Registrations
  • Umalusi Council (N4; N5 and N6)
  • Umalusi Council (NCV Programmes)
  • MICT SETA ETQA (IT Programmes)
  • FASSET SETA ETQA (Accounting & Bookkeeping)
  • Registration – Dept. of Higher Education & Training (DHET)
  • Exam Centre – Department of Education (DOE)
  • Over 30 programmes in total
  • Accreditation and registration timelines – critical to start-up!!
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teaching and learning
Teaching and Learning
  • Instruction & Delivery
  • Fully qualified and experienced staff
  • Staff development programme
  • Performance appraisals
  • DHET Exam training
  • Academic Calendar Rollout – Training
  • Portfolio of Assessments / Evidence (HO Quality Assured)
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premises facilities
Premises & Facilities
  • Premises and Facilities
  • 3 to 7 year lease preferable / recommended
  • 4 theory rooms (20 seater each)
  • 1 computer room (20 seater)
  • 100 seater campus
  • Approximately R 6 million turnover (at capacity – excluding SETA tenders and projects)
  • Health and Safety (HO)
  • Premises = ID of Provider - accreditation
  • CBD / Central town preferred (bus / taxi / train) routes
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equipment learning material
Equipment & Learning Material
  • Equipment & Learning Material
  • External publishers (where applicable – but we moving to more cost effective solutions)
  • Innovatus internal material (cost efficient)
  • Compiled by internal professional experts & academics
  • Updated annually
  • Charged separately to franchisee (per students)
  • SETA approved (where applicable)
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critical success factors franchisee
Critical success factors – Franchisee!!!
  • Critical Success Factors
  • Proposed start date of college
  • Applications – accreditation and registration
  • Franchisee requirements for DHET application
  • Campus Principal + front office person
  • Local campus marketing
  • Student enrolments on start-up (strike rate) – we get an average of 1000 enquiries per small campus)
  • Premises location; lease and setup
  • Implementation of the franchisor model (campus)
  • Costs (keep to a minimum)
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industry specific information
Industry Specific Information
  • FET Industry
  • FET appeal = 800 000 potential matriculants(500 000 university refusals)
  • New matric (NIC & NASCA – Umalusi)
  • School leavers from Grade 9 (larger market)
  • FET – getting strong attention – government
  • FET – extensive media reports
  • Many new providers + many closing down (1st 3 years are quite difficult for new providers)
  • Education a boom business - 100 to 150 years
  • Good industry – committed business person
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the process from here
The process….from here…
  • If interested:
  • Request for meeting – Head Office - KZN
  • If proceeding - sign agreement - effect payment
  • Accreditation and registration application
  • Premises selection and lease
  • Campus installation
  • Staff and management training
  • Marketing plan / strategy and implementation
  • Accreditation and registration visit
  • OPEN FOR BUSINESS
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the end
THE END!!!
  • THE END

Questions, Queries and Comments !!!

Thank you!!!

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