VETA, the leaders and Asia’s largest spoken English training Academy offers courses catering to various levels of the learners. The learning experience starts with a need analysis. It offers two kinds of courses - Direct class coaching and the Distance Education course. Founded in 1981, as the Vivekananda Institute, the academy now known as VETA has over 250 centres in Tamil Nadu, Andhra Pradesh, Karnataka, Kerala, Puducherry, West Bengal, Haryana, Bihar, MP, UP, Chattisgarh, Maharashtra, Jammu & Kashmir, Punjab, Rajasthan, Uttarakhand, Jharkhand, chandigarh, Gujarat and Delhi.
More than twenty two lakh students have been trained through VETA centres. The direct coaching classes, some of the centres are abuzz with activity with more than 500 students of the 18-28 age groups. The direct program is split into three levels: FOUNDATION ENGLISH, FLUENT ENGLISH and FLUENT ENGLISH. Each course provides comprehensive training and takes a step-by-step approach.
The Academy has perfect understanding and relationship with its franchisees and is planning to expand to 500 centres by 2010 through franchising. The company is also vying International markets and started its operation in Singapore & Sri Lanka and will soon be seen in South East Asian Countries.
Becoming a VETA Franchisee - A profitable proposition
The concept of this education franchise is based and followed on a proven method of operating a business. A franchisor like VETA develops a business format over the years. In such an event the chances of success as a franchisee is many times higher than running an independent business.
Franchisee is selected based on his commitment to business and service that is required to be delivered to the students. All franchisee of VETA franchise network are required to commit to the Mission statement of the company which is ‘Anyone who walks into VETA, walks out speaking fluent English’.
| Date Commenced Operations | : | 1981 |
| Date Commenced Frachising / Distribution | : | 1996 |
| Are you looking for Franchise? | |||||||||||||||||||||||||||
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| Master / Multi Units | |||||||||||||||||||||||||||
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| Are you looking for Trade Partners (Dealers, Distributors, MBOs, Retailers)? | |||||||||||||||||||||||||||
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| What areas are available for Unit franchise? | : | Nationwide | |||||||||||||||||||||||||
| Where are you looking for expansion? | |||||||||||||||||||||||||||
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| How much working capital is required in franchise addition to this | : | ||||||||||||||||||||||||||
| Is there exclusive territorial rights given to a unit franchise? |
: | No | |||||||||||||||||||||||||
| Are any performance guarantees given to unit franchisees? |
: | Yes | |||||||||||||||||||||||||
| What is the anticipated percentage return on investment? | : | 20 - 25% | |||||||||||||||||||||||||
| What is the likely pay back period of capital for a unit franchise? | : | 2-3 yrs | |||||||||||||||||||||||||
| Are there other investment requirements? |
: | Nil | |||||||||||||||||||||||||
| What type of property is required for this franchise opportunity? | : | COMMMERCIAL / SEMI COMMERCIAL |
| Floor area requirement | : | 800- 1000 sq.ft. |
| Preferred location of unit franchised outlet:? | : | EASILY ACCESSIBLE TO THE 18-26 AGE GROUP |
| Do you currently have detailed Operating Manuals for franchisees? | : | Yes |
| Where is the franchisee training done? | : | At the Franchisee's place |
| Is field assistance available for franchisees? | : | Yes |
| Will someone from Head Office assist me when I open my franchise? | : | Yes |
| What IT systems do you presently have that will be included in the franchise? | : | Yes |
| Do you have a standard Franchise Agreement? | : | Yes |
| How long is the franchise term for? | : | 5 |
| Is the term renewable? | : | Yes |