#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 - $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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