Kumon Franchise For Sale - Math & Reading Centre
Kumon Franchise opportunities in the USA
Kumon was founded by Toru Kumon, a Japanese educator, in 1958, opening the first Kumon Math Center in Moriguchi City, Osaka. Initial growth of Kumon was slow, only gaining 63,000 students over its first 16 years. However, in 1974 Kumon published a book titled The Secret of Kumon Math, leading to a doubling of its size in the next two years. Kumon opened their first United States locations in 1983, and by 1985, Kumon reached 1.4 million students. As of 2008, Kumon had over 26,000 centers around the globe with over 4 million registered students. As of 2018, there were 410,000 students enrolled in 2,200 centers across the United States.
How much does Kumon franchise cost?
Kumon has the franchise fee $5,000, with total initial investment range of $69,583 to $148,965.
Initial investments: $69,583 - $148,965
Net-worth Requirement: $150,000
Liquid Cash Requirement: $70,000
Licence fee: $5,000
Ongoing Royalty Fee: $34 - $38 /student/mo.
Kumon franchise profit
A Kumon franchise is a great business investment. This opportunity is available for entrepreneurs that are looking for a thriving venture in a promising industry. So, how much is Kumon franchise profit? On average, an individual Kumon unit generates about $173,000-$300,000 a year. A franchisee earns a net profit margin of about 30% of annual gross sales. Based on this, owners can make approximately $52,840-$70,000 per year. The amount of revenue depends on many factors, including the number of customers, location, selling points like service and quality, and owner’s abilities and management skills. Besides, entrepreneurs that acquired multiple Kumon franchises can count on more sales, transactions, and, therefore, higher income.
A Kumon franchise has an affordable price, and it provides many possibilities to potential franchisees. Entrepreneurs can sell in-demand services while operating in the thriving market.
On-The-Job Training: 32 hours
Classroom Training: 105 hours
Additional Training: At regional offices
Number of Employees Required to Run: 2-3
Kumon Franchise Info: www.kumonfranchise.com/franchise-opportunities
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Starting investments from:$69,583
Company type:Education center
- Company foundation year1954
- Year of launching the franchise1958
- Franchise enterprises:25,854
- Corporate Address:300 Frank W. Burr Blvd., #6 Teaneck, NJ 07666