Kumon Franchise Details:
- Industry: Education
- Category: Kids Center
- Royalty Fee: N/A
- Marketing Fee: N/A
- Franchise Fee: PHP 60,840
- Investment Capital: PHP 600k - 800k
How much do you make owning a Kumon?
Estimated Average Franchise Revenue: $558,491 Royalty Fee: Average of $22 per student for royalty fee, and each student on average pays $150 per subject per month. Therefore, this is approximately a 14% royalty.
How much does a Kumon Center cost?
$90 - $180/month per subject. Costs vary around the country but David Samuel at Kumon Math And Reading Center Of Westchester, CA, says he has seen prices from $90–$180/month per subject, but that a good average is $150 per subject. Also there is a registration fee of $50, and initial material fees of $15.
Is Owning a Kumon profitable?
The franchisor Kumon North America Inc has very solid financials and is seen in their net income of over $27.5 million for the year ending in 2019. This is small increase from 2018, but from 2017 to 2018 they saw almost 100% growth in net income.
How can I become a Kumon instructor in the Philippines?
CriteriaPreferably female.College or university graduate.Have good Math and English skills (an examination is given on the date of the orientation)Between 25 – 45 years of age.Enthusiastic to help children.Have excellent interpersonal skills (interview required)Willingness to commit full-time to Kumon.More items...
How do you own a Kumon?
KUMON FAQs To qualify as a potential Kumon Franchise owner, you'll need to have a net worth of $150,000 and liquid capital of $70,000. The investment, as stated in our Franchise Disclosure Document, ranges from $67,428 to $145,640. and depends heavily on your location.
What franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
Is Kumon a good franchise to invest in?
For 21 years, Entrepreneur magazine has rated us the #1 tutoring services franchise, and one of the world's top global franchises, because we're committed to providing our owners with the training, resources and support to help them thrive.
Which is the best education franchise to own?
List Top 10 Best Education Franchises in India for 2022Hackberry.Skillversity.Knowledge Hunger.Fox studies.DebugsBunny.UCMAS.Henry Harvin.Inno Labz.More items...•
Who is the CEO of Kumon?
Andalina Lam - CEO - Kumon Learning Centers | LinkedIn.
How many franchises does Kumon have?
About the Kumon Franchise Business: Founded in 1958, Kumon has 26,000 learning centers in 48 countries and regions. With four million students enrolled, it is the world's largest after-school math and reading enrichment program.
Is Kumon or Sylvan cheaper?
So Kumon is much more of a worldwide phenomenon, but that is partly due to their model and the cost of starting a Kumon. In terms of cost, Sylvan's website says tutoring starts at $49 per hour, classes and camps start at $199, and ACT and SAT Prep classes start at $999.
Is Kumon better than mathnasium?
Overall, Mathnasium is the better choice for most students. Kumon has its advantages, but the learning system is more contentious than not, and learning professionals argue that it's important for a child to take control of their own education to some extent. If you want your kid to like math, put them in Mathnasium!
How much is Kumon in UK?
Kumon fees vary; initial registration and the monthly single subject fee are around £35 and £65 per child, respectively.
Does Kumon help kids with ADHD?
My son has ADHD and I thought Kumon would help so I signed him up. He has been there for 6 months and his reading and spelling have improved! He used to bring home his spelling tests to correct and so far he has not brought any home!! Everyone is very helpful and flexible.
Established Worldwide
As one of the most well-established franchises in the world, with more than 24,700 Centers, Kumon serves more than 4 million children across 50 countries and regions. Right at this moment, someone, somewhere around the world is learning with Kumon.
Proven Franchise Business Model
As a franchisee, you get to run your own business using a proven business model developed over the past 50 years. Coupled with decades of experience, the Kumon materials provided are constantly improved to enhance the learning and growth of students.
We Support Your Passion
Run a profitable franchise with our help. As a franchisee, you will receive extensive training and support so that you can help students of all ages discover and achieve their potential.
What is the goal of Kumon?
The goal of Kumon is to develop the advanced self-learning ability of children by ensuring that they study at a level that is “just right” for them. As explained by Kumon, the “just-right” level is the “suitable amount of mental stimulus, just as they would have to attempt appropriate physical tasks in order to build a strong body.”.
Where to apply for Kumon?
1. To begin you application, prospective Kumon franchisees must attend the Franchise Orientation program at the Kumon Head Office in Philamlife Tower, Makati. 2. The franchisee must get a passing score for the math and reading tests to be administered. 3.
How does Kumon help students?
Kumon instructors assist students by continually challenging them through gradual increases in the level of difficulty of the worksheets or problems to be solved, while taking into account increases in each student’s varying level of academic ability.
Why is Kumon a different method?
The Kumon Method is a different learning methodology because it helps students learn by doing and solving problems independently without being taught.
Is Kumon a review center?
Kumon does not brand itself as a review or tutorial center because unlike these centers, Kumon is “a long-term education program that seeks to build the student’s mastery in math and reading” with the program designed to allow students to adopt self-learning.
About Kumon Franchise
In Kumon, we are dedicated to pursuing the potential of each individual child. Kumon Instructors provide just enough guidance for their students to be able to do the exercises on their own. As a result, our students learn that they can do anything if they try, build self-esteem, and develop the ability to take on new challenges for themselves.
Ultimate Guide to Franchising
The franchise industry is booming, and entrepreneurs are wondering about how this sector works. This ebook aims to help aspiring franchisees achieve their business goals.
What is Kumon?
According to its website, Kumon is the world’s largest after-school learning program. It was created in 1954 by Toru Kumon, a secondary school Math instructor who wanted to help his son, Takeshi, develop the love for learning, particularly in Math.
How to Franchise Kumon?
Kumon requires franchisees to also be Kumon instructors; thus, they have specific requirements that you aren’t likely to find in other business franchise models.
How did the Suarez family discover Kumon?
The Suarez family discovered Kumon through a family friend. When they heard about the program, they immediately grabbed the opportunity to join, particularly the Free…
Who is Toru Kumon?
In 1954, Toru Kumon, a father and a high school mathematics teacher decided to create learning materials that would help his son, Takeshi, develop strong…
Kumon Franchise Fee
Kumon franchise fee is $1,000 for your first Kumon Center franchise. This is the upfront fee that must be paid when opening a Kumon franchise.
Additional Kumon Franchise Cost Breakdown
The following costs are part of the upfront costs included in the initial investment The amount of funds necessary to begin operations of a business or franchise including the first three months of operation. . Many of these are one-time fees that are needed to launch the franchise.
Is owning a Kumon Franchise profit worth the investment?
As seen in the sales figures above, it takes a short time to recoup your investment if you own one singular Kumon franchise. The tutoring franchise industry A particular form or branch of economic or commercial activity.
How much can you sell a Kumon Franchise or other education tutoring centers for?
To assign a valuation multiple for Kumon Center franchises, we leverage estimates from DealStats, a database of acquired private company transactions sourced from U.S. business brokers and SEC filings.
Should you invest in a Kumon Franchise?
The Kumon Franchise offers a great opportunity to start a fulfilling business and join a well-respected company that has proven results year after year.
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What franchises does Kumon compete with?
Some franchises that Kumon competes with are Club Z!, Mathnasium, and Tutoring Club.
How long does it take to attend Kumon Center?
Children are given the opportunity to attend Kumon Centers twice each week throughout the year for approximately 20 – 30 minutes per subject and complete daily assignments at home on non-Center days.
Who developed the Kumon method?
In 1954, Toru Kumon developed the Kumon Method in Japan. Mr. Kumon was a Japanese high school math teacher and created a supplemental math program for his son, who was struggling with second grade math. Mr. Kumon’s method was so successful that his son reached calculus by the sixth grade. This then turned into an international business and currently Mr. Tanabe was appointed President and has been a member of Kumon’s Board of Directors in October 2013.
About The “Kumon Method”
Application Requirements
- Unlike other franchise business models, you have to be a Kumon instructoryourself to own your own Kumon franchise. To be a Kumon instructor, you must: 1. Be a Filipino citizen 2. Be at least a College graduate 3. Love to teach and take care of children 4. Have full-time commitment to Kumon instruction
Application Steps
- 1. To begin you application, prospective Kumon franchisees must attend the Franchise Orientation program at the Kumon Head Office in Philamlife Tower, Makati. 2. The franchisee must get a passing score for the math and reading tests to be administered. 3. The franchisee must then pass the assessment interview. 4. The proposed location of the Kumon center shall al…
Franchise Fee and Total Investment
- In the Philippines, the Kumon franchise fee amounts to P60,480. The amount appears to be relatively inexpensive but take note that apart from this fee, franchisees will also shoulder other related expenses which may vary based on the franchise agreement, such as: 1. Training / Instructor Development Program expenses 2. Purchase of Materials 3. Cost...
Contact Details
- Got additional questions or concerns about this franchise? Contact Kumon Philippinesat: Address: 19th Floor, Philamlife Tower, 8767 Paseo de Roxas, Makati, Metro Manila, Philippines Telephone / Cellphone Numbers: +(63)-2-885-0226 local 197 E-mail: [email protected] Website: http://ph.kumonglobal.com Looking for other franchising opportunities in the education busines…