how much is needed to build a cbse school and buy tables and others,etc...
pls give a complete information
Answers
Query No 1
Answer:
These is not one single answer to this question. It is determined by a a lot of factors. Some of the bigger factors are as follows
All your answers to HOWTS.
Cost of Land – Where are you buying it, How much are you buying it
What is the capacity you are targeting?
How do you plan to position your school in the targeted market?
Answer these questions and make up your mind how do you imagine the facilities at your school will help you answer this query.
Query No 2
How much land should I acquire to start a school?
Answer:
It will all depend upon the Affiliation you are planning to seek for your venture. For example if you are looking to start a school in Punjab with affiliation from the PUNJAB STATE BOARD the land required will be as follows;
(a) In case of as institution located in URBAN area:-
(i) Up to Middle Classes 2 Kanals (1000 Sq. yard) (0.2 Acres)
(ii) Up to Matriculation Classes 4 Kanals (2000 Sq. yard) (0.4 Acres)
(iii) Up to Sr. Sec. Classes 8 Kanals (4000 Sq. yard) (0.8 Acres)
In case of Multi-storeyed Building (3000 sq. yard) (0.6 Acres)
(b) In case of as institution located in RURAL area:-
(i) Up to Middle Classes 3 Kanals (1500 Sq. yard) (0.3 Acres)
(ii) Up to Matriculation Classes 6 Kanals (3000 Sq. yard) (0.6 Acres)
(iii) Up to Sr. Sec. Classes 12 Kanals (6000 Sq. yard) (1.2 Acres)
In case of Multi-storeyed Building (5000 sq. yard) (1 Acre)
In case if you are looking to open a CBSE Affiliated School then you would require the following;
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Similarly each of the state board or ICSE, IB will have their own set or requirements. Depending upon your choice of board you can acquire the required piece of land.
Query No 3
What will be an approximate cost of construction (civil work) for a School building?
I have answered this question in one of earlier blog, reiterating the same “This query invites a subjective response but a thumb rule for starters / planners. 2 Acres of land at the market price plus cost of construction at about 1100/1500 Rs a square feet.”
Query No 4
What are the heads should I consider under my Capital Expenditure head?
Though this is not the exhaustive list but while making the biz plan, following will be a part of your capital expenditure
Land & Site Development
Building Cost
Furniture & Fixtures
Electrical Items
Interest on Loans if any
Each of these will further can be broken in multiple heads. There is a huge amount of minute detailing involved while planning a thoughtful infrastructure. Please spend a lot of time while going through the list of all the facilities planned and corresponding expenses.
Query No 5
What should do I account under the head – Operational Expenditure?
Mostly Salaries,Repairs, Maintenance along with misc spends like Co-curricular activities/ Awards/Scholarships etc. A school though doesn’t require too much of maintenance and is unlike any brick and mortar based facility in that regard. But with kids involved one has to be prepared for the damage and subsequently maintenance of the property.
Query No 6
What is a typical break-even period for a school project?
This is a very subjective call to pinpoint the break even for such a venture. It entirely depends upon the success of the venture and the amount of capital invested. Though operational break even will not require much time to come. For a moderate financed venture meeting moderate success should break even anywhere within 8-10 years time frame.
Query No 7
How should one account for the revenues?
The revenues come in the form of Fee. In case you are a start up and hungry for admissions, you might find it difficult to recoup the due Fee in due time, be prepared with a cash flow from your end.
Some organisation can generate income through renting out the building for other purposes, that can also be accounted under revenues.
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