My boss at Joy owns 2 schools in China and 3 here. I asked her how much it cost to open a school here and she said anywhere from NT1 million to NT2.5 (depending on the location and stuff.) I then asked her what the cost of opening a school in China was and I was suprised to have her tell me under NT200,000 (180,000 to be exact.)
She then went on to tell me how much cheaper labor is there (local and foreign.)
I asked her if I could open a school there (Joy style) if I wanted to and she said yes (that means it should be yes to you too.) I asked her about risk and stuff and she said it’s not so bad because of the low start up and it being in education.
She also said those prices were for level 2/3 cities (will Beijing/Shanghai being level 1 cities.)
I’m going to pick her brain some more today if she’s there. Thought I’d share the knowledge. Someone recently told me to “open a school in China.” It seemed daunting at the time, but I felt a lot better about it after talking with her.