Kumon Math & Reading Centers Franchise
Kumon Math & Reading Centers is a franchise for a business providing supplemental education.
It was founded in 1958 and started franchising that same year. Kumon was founded by Toru Kumon in Japan more than 50 years ago when the founder’s son was having a hard time with second grade arithmetic. He knew that the basic math such as addition, subtraction, multiplication, and division are very important in higher level math. He then created worksheets that his son can practice on after school. The son answered it every day and he slowly improved his math skills and by the time his son was in sixth grade, he can already answer integral calculus problems.
They still apply the daily practice in every franchise up to this day. They are now the largest enrichment program for math and reading. They offer programs from preschool to twelfth grade, from counting to calculus. They have also started offering reading programs that teaches children about phonics up to comprehension. They have expanded immensely now having 1,288 locations all over the United States, 331 in Canada, 23,550 in other countries and 30 locations that are still company owned.
What programs do they offer at Kumon Math & Reading Centers?
They offer Kumon Reading, Kumon Math, Junior Kumon, Advanced Honor Roll, and Cosmic Club. Kumon Reading include worksheets such as Look, Listen, Repeat, Letter Sounds, Function of Words, Reading Aloud, Subject & Predicate, Constructing Sentences, Clauses, Summation, Critical Reading, and Interpretation. Kumon Math has workbooks like Counting one to 10, Reciting & Writing Number to 50, Adding Up To 10, Vertical Additon & Subtraction, Multiplication & Division, Fractions, Introduction to Algebra, Factorization, Quadratic Equations, Logarithms, Calculus, Trigonometry, Loci, Differentiation, Triangles, Vectors, Matrices, and Probability & Statistics. Junior Kumon is designed specifically for children aged three to five. The learning environment is more focused and this will help them build the skills they need to succeed in their educational life. Advanced Honor Roll are for students who wants to stay ahead than their grade level. They give more challenging workbooks than those usually given in school.
Costs and requirements on running a Kumon Math & Reading Center
You need to have a net worth of $150,000 and a total liquid asset of at least $50,000 to $70,000. Expect to be investing about $67,000 to $146,000. The Kumon Math franchise fee is $1,000 with an on-going royalty fee of $32 to $36 per student. This is for a renewable two year term agreement. They require a general business experience, marketing skills, and good in Math, Reading, and Communication Skills. You will need about two to three employees to run one location. They do not allow absentee ownership.
What is included in the franchise package?
There will be more than three months training at the headquarters, on-going training at your location, and at regional offices. You will be receiving newsletters, a toll free phone number and assistance at the grand opening. You will be given access to the internet. Also expect to be attending meetings. For marketing support, there will be co-op advertising and regional advertising.
Kumon Math & Reading Center Contact Details
You may reach them at:
Address: 300 Frank W. Burr Blvd., 5th Fl. Teaneck, New Jersey 07666
Phone: (866)633-0740 or (201)928-0444