Can You Make Money by Owning a Kumon Franchise? Expert Advice
Kumon is one of the most well-known names in education, it offers a franchise opportunity that lets you open up your Kumon center and serve students of all ages.
But is it possible to make money with a Kumon franchise? Keep reading to find out!…
Here is a break down of what we will be covering today.
Formed in Japan in 1958, Kumon is one of Japan’s largest providers of after-school tutoring and supplementary learning programs.
The company has grown exponentially around the world, providing structured lessons for children as young as two years old.
As of 2012, there were over 600 franchise locations globally, operating in 35 countries across all seven continents.
With such success comes an opportunity for savvy entrepreneurs to find success by owning their own Kumon franchise business.
However, before you jump into owning your own business and promising lifelong learning for children everywhere, it’s important to know how much money you can make from running a Kumon franchise.
There are three steps to consider when thinking about profit potential: location, payment structure, and advertising.
The Process of Owning a Kumon Franchise
First and foremost, you should talk to several existing Kumon franchisees. Find out what it was like setting up a shop, how much money they’re making, and if they’re happy overall.
Asking these kinds of questions will help you learn from other people’s experiences.
Once you’ve talked to enough owners and believe that owning a Kumon franchise is something that would work for you, it’s time to apply! (Kumon maintains an online form on its website.)
A representative from Kumon headquarters will then ask some general questions about your experience and ask for financial information regarding things like your credit history and net worth.
The Benefits of Owning A Kumon Franchise
Nowadays, many people decide to set up their businesses.
And it makes sense—they can work whenever they want and be more in control of their income. Still, there are some risks associated with starting your own company.
The problem is that if you fail at first, it can be very hard to bounce back. So it’s important to go into business knowing you have options in case things don’t pan out as planned.
To help you assess which opportunity is right for you, we’ve put together an infographic showing some of the benefits of opening a Kumon franchise!
It features stats and figures from various independent sources that show why opening your location might just be worth it after all!
Advantages of buying an existing franchise
Pros and cons of buying an existing franchise business.
In most cases, purchasing an existing franchise business is easier and faster than starting your own independent business from scratch. There are also many benefits to choosing an existing franchise.
Learn why it may be right for you. The big plus to buying an established Kumon franchise is that, as long as it has not experienced any major operational problems, your potential success rate is higher.
Even if your franchisor still stands behind its operations, they can’t know whether or not you will be able to maintain its high standards or run things successfully without spending a substantial amount of time working closely with you first.
To acquire that knowledge before proceeding would simply cost too much money in training fees–if it were possible at all.
How Much Profit Can a Kumon Franchise Center Earn?
Kumon centers have reported bringing in anywhere from $17,000 to over $50,000 per month in revenue.
How much profit you can make as a Kumon franchise owner depends on many factors, like where you’re located and what your expenses are.
There are also many other factors beyond profitability when it comes to buying a franchise that may affect your decision—like lifestyle and work/life balance.
Just be sure to thoroughly investigate all angles before making any decisions!
How Much Does a Single Franchise Owner Make?
A single franchise owner makes around 7 percent of that worldwide revenue—about $78,000 per year on average.
While that may seem like a lot for running one small school full-time and does imply that you could make well over six figures if you open up multiple locations, keep in mind that these numbers only take into account franchised schools run directly by Kumon and don’t include independent franchises or ones run through partner companies.
Is Selling a Kumon Franchise Profitable?
If you’re considering purchasing one, but aren’t sure if it’s worth it or not, you might be asking yourself: Is selling a Kumon franchise profitable?
This will depend on several factors like your location and the student population in your area.
It also depends on how much time you spend at your store and whether or not your students make progress over time. On average, Kumon stores make about $15,000 to $20,000 per year.
A lot of money can be made depending on where you are located as well as how big or small of a store it is.
Some owners say they make around $40K per year while others struggle to hit that number.
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