Kumon is a private tutoring company that offers proven, systematic training in mathematics and reading to students around the world. Founded in 1958, Kumon headquarters are located in Osaka, Japan. The company operates franchises in 49 countries around the world.
Kumon was started by an individual in Japan who decided that more concentrated practice was needed in order for students to be successful in school. During the first year of operation, Kumon attracted over 300 students in Osaka, Japan. Within a decade, Kumon had opened learning centers in the United States, Philippines, Brazil, India, Europe, Australia and elsewhere.
The Kumon teaching method focuses on creating unique learning paths for each student based on ability. The plan is changed as the student becomes more proficient, but does not become so challenging that the student is discouraged.
Kumon Franchise Costs and Expected Profits
The total startup costs for a Kumon franchise vary greatly and depend on location and size of tutoring center. When added together, a potential franchise owner will need between $69,000 and $140,000 to get off the ground. This includes a low franchise fee of just $1,000. New franchise owners must have at least $70,000 in liquid funds available and at least $150,000 net worth.
It’s also worth noting that all potential franchisees need to have a four year degree to be considered for the program.
While it is difficult to pinpoint profit figures, many franchise owners have reported earning anywhere between $40,000 and $80,000 in net profits.
Pros of Owning a Kumon Franchise
One of the biggest pros of owning a Kumon franchise is the very low financial barrier to entry. Many entrepreneurs will have the $70,000 needed to get off the ground, which is small when compared to other franchises.
Kumon also provides a significant amount of marketing advice for their franchisees, including a wholesome national marketing campaign to help attract new students.
While the amount of money necessary to open a Kumon franchise is low, it’s important to remember that every franchisee needs to have a four year degree. This can be a potential turn off for some entrepreneurs who have more real life experience than anything else.
Running a tutoring center can also be difficult for those who do not have a background in education. While franchise owners won’t likely be tutoring themselves, they still must have the knowledge to learn the Kumon system.