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