Kumon Math & Reading Center was developed back in 1958 by Toru Kumon in Japan. Toru was a high school math teacher who’s son was struggling with second grade arithmetic. Given his experience in the subject, Mr. Kumon realized the importance of a strong basic foundation in math skills such as addition, subtraction, multiplication, and division. Consequently, Kumon created a series of math worksheets designed to improve his son’s skills. His idea worked perfectly as his son slowly became proficient in basic math and then progressed on to higher level problem solving. By the sixth grade, Mr. Kumon’s son would accurately solving complex differential equations and integral calculus problems. These same concepts of learning are employed today at Kumon Math and Reading Center franchises all over North America and the world. Kumon franchisees apply tactics of daily practice combined with self-paced advancement in the areas of both math and reading.
Kumon Math and Reading Center is a privately held company which is currently based out of Teaneck, New Jersey go math grade 1. They boast an impressive 50+ year history and currently have over 25,000 franchises worldwide. Roughly 1,200 of these are located in the United States and another 300 in Canada. They are currently seeking franchisees worldwide.
The startup costs of a Kumon franchise varies greatly depending upon the location and the lease or purchase of commercial property. However, it is estimated that start up costs range from $30,000 to $130,000. Obviously, by performing your due diligence, you can attempt to minimize your real estate costs and thereby keep your start up closer to the lower end of the range. Kumon charges a $1,000 franchise fee and then a royalty fee of $32-$36 per student per month. The term of agreement is only 2 years but it can be renewed. Kumon does not provide any financing.
It is estimated that the number of employees needed to run a Kumon Math and Reading Center is 2 or 3. However, it should be noted that absentee ownership is NOT allowed and all franchises must be owner operated. This means that if you are looking for an eventual source of passive income, a Kumon Math and Reading Center may not be for you.
Kumon offers training at both their corporate headquarters and at the franchisee location as well as at regional offices. They also provide co-op advertising, regional advertising, and grand opening support.