KUMON Franchise Startup Cost, Revenue and Profit Margin
Ever heard about Kumon Franchise? If not, then you are about to. So, I was thinking about starting a business and franchising Kumon came to mind. This is because of the advantages associated with getting an educational or tutoring business franchise.
As an entrepreneur, these benefits which include marketing support, ongoing support, acknowledged brand name, training and even sometimes financing, are not lost on me.
But then the real issue is, which of the franchises would be best to invest in? The type of business you are interested in would determine the franchise you would invest in.
So, if you are interested in an educational franchise, one that specializes in tutoring children of all ages, and is low-cost, then the Kumon franchise is just right for you.
Buying a Franchise Kumon: What are the Investment Costs and Fees
Kumon Franchise is a tutoring organization that deals with providing after-school tutoring for children of all ages.
The subjects focused on by Kumon tutors are Math and Reading Programs.
Kumon offers children a chance to getting it right in school and giving them an edge over their schoolmates and their age mates.
Kumon was founded by Toru Kumon who was a Japanese Mathematics tutor. Founded in 1958, Kumon started with tutoring children in Math and their native language. The founder started with just tutoring his son and today, more than 4 million children in different countries around the world are learning with Kumon.
Private tutoring whether on a small or large scale is always a profitable venture. Doing such business with a brand name that has international recognition takes the returns on investment to a higher level.
Besides, private tutoring is one business idea that is not susceptible to an economic recession and since it has a proven business model, you are on the right path if you decide to invest in this franchise opportunity.
In the United Kingdom alone, Kumon is the largest after-school tutoring provider and the situation is not all that different in other countries. Besides, as a franchisee, you get to contribute to developing children intellectually and making a good profit from it.
So, here is a little information on becoming a Kumon franchisee.
Startup Cost of Kumon Franchise
Without accounting for the money you will spend on rent, location and other running costs, you would need a minimum of about $4000. This covers initial licensing fees and marketing costs for 12 to 15 months. In total, you should be thinking about investing $70,000 to 140,000.
Kumon Franchise Financing
Kumon Franchise does not offer franchisees assistance with financing either directly or through a third party.
Kumon Franchise Training and Support
Kumon franchise offers franchisees training that lasts for about a year. The whole training is referred to as the Instructor Development Programme which consists of two semesters.
This training involves initial training which lasts for six days where franchisees are taught about the basics of what the Kumon program entails, how to run a Kumon center and how you can grow your business as a franchisee.
The Kumon training for instructors also involves assignments and even a business plan writing which would be written based on a template provided.
The training continues even when your business is up and running to ensure you deliver the best tutoring service for your children.
Kumon Franchise supports its franchisees by offering them their brand and promotional materials to help you in your business. It does not end there as franchisees are also given marketing support and a personal call center that aids franchisees get inquiries.
Kumon Franchise Location
Kumon is a business that deals with children of different ages. Hence the study centers should be one that is conducive to learning for children. This involves one that meets all the health and safety requirements for kids.
New franchisees of Kumon are given two types of business models to choose from. These are the municipal space; church halls, classrooms or community centers and Commercial or permanent location which involves renting a place that is probably an office space to use for study centers.
Kumon Franchise Franchisees Requirements
To qualify to become a Kumon franchisee, you have to most importantly have a passion for education. This is because in this franchise, owners are actively involved and only the passion can keep you going. You also have to be proficient in Math and English. This would be tested with a proficiency test in Math and English for instructors.
Other requirements include a driving license and a right to work in whatever country you plan on opening your franchise.
Joint franchise owners are not allowed in the Kumon franchise as training is provided for just one person. You could decide to employ someone who would work for you if you so desire.
Existing Kumon centers are sometimes available for those who would want to acquire such instead of starting one from scratch.
READ: Monkey Joe’s Franchising
How to Open Kumon Franchise
If you are interested in this franchise and you meet all the above requirements, then you can take the next step and make your intentions known by calling Kumon franchise on 0800 854 714 or register your interest by filling a
Kumon franchise interest form on www.kumonfranchise.com