Kumon Math & Reading Centers

Kumon Math & Reading Centers

Kumon Math & Reading Centers
#11

Initial Investment

LOW: $69,428
HIGH: $140,626

Change in Units

+1.8% +455 UNITS (1 Year)
+1.6% +404 UNITS (3 Years)

Company Profile

Founded

1954

Franchising Since

1958 (59 Years)

Corporate Address

300 Frank W. Burr Blvd., #6 Teaneck, NJ 07666

CEO

Mino Tanabe

About Kumon Math & Reading Centers

High school math teacher Toru Kumon developed the Kumon method of learning more than 50 years ago in Japan, when his son was struggling with second-grade arithmetic. Realizing that a strong foundation in the basics--addition, subtraction, multiplication and division--was essential for higher-level math, Kumon created a series of math worksheets for his son to work on after school. With daily practice, Kumon's son gradually expanded his mastery of mathematical skills and by sixth grade was able to solve differential equations and integral calculus problems.

Today, at locations throughout North America, Kumon franchisees apply this method of daily practice and self-paced advancement to children's math and reading skills.

Financials

Financial Requirements

Initial Investment

$69,428 - $140,626

Net-worth Requirement

$150,000

Liquid Cash Requirement

$70,000

Ongoing Fees

Initial Franchise Fee

$1,000

Ongoing Royalty Fee

$32-$36/student/mo.

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: ongoing

Training at headquarters: 12 days

Additional Training: At regional offices

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Number of employees required to run: 2 - 3

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 3rd, 2016

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