– For the 15th consecutive year, Kumon, the world's largest after-school education company, has been ranked as the number one tutoring franchise in Entrepreneur's annual Franchise 500 Issue. The ranking is considered to be the best and most comprehensive ranking based on objective, quantifiable measures of franchise success.
"With more than 55 years of franchise experience and a global commitment to helping children succeed, we are proud to be recognized once again as number one in our industry category by Entrepreneur," said Larry Lambert, Vice President of Franchise Recruitment at Kumon North America.
Kumon recently surpassed company milestones across the country with nearly 71,000 students enrolled in math and reading enrichment programs nationwide. As a company dedicated to children, Kumon consistently seeks individuals with a passion for education and an entrepreneurial spirit to support its continued growth as more learning centres are projected to open this year.
According to a recent survey of Canadians, 74 per cent have an entrepreneurial spirit, with 83 per cent either owning their own business or dreaming of becoming their own boss. Supplemental education is one of the fastest-growing franchise industries and with 2,100 Kumon Centres in North America and 335 franchise units in Canada; Kumon continues to lead the way in the industry. Franchisee support, which goes well beyond the initial financial incentives totaling up to $19,000, makes Kumon an attractive opportunity for many individuals looking to enter the franchise business.
Kumon assists all new franchisees in the development of a concrete business plan, supports local marketing with national student recruitment initiatives, provides ongoing training, and opportunities to learn from experts and other franchisees during annual conferences. Kumon also has the lowest initial start-up cost in the supplemental learning industry coming in at $1,000 to cater to the 42 per cent of Canadians who aren’t starting business franchises because they think start up costs are too high.
Kumon is an ideal small business for professionals. Kumon Franchisees must have a four-year university degree or college diploma, be proficient in math and reading and have investment capital of $70,000 and a net worth of at least $150,000. Founded in 1958, Kumon has four million students enrolled in 26,000 learning centres in 49 countries and regions. Kumon North America is headquartered in Teaneck, NJ. Visit www.kumonfranchise.ca to learn more.