Entrepreneur Magazine Ranks Kumon No. 1 Education Franchise for 17th Consecutive Year
TEANECK, N.J., Jan. 16, 2018 /PRNewswire/ — According to a new report by Global Industry Analysts, Inc., the global market for private tutoring services is forecast to reach $227 billion by 2022. As intense competition among students continues to drive the growth of the tutoring industry, Kumon remains at the forefront.
For the 17th consecutive year, Kumon has been named the number one tutoring franchise in Entrepreneur Magazine’s annual Franchise 500 Issue. It is the world’s most comprehensive franchise ranking. Placement in the Franchise 500 is a highly sought-after honor in the franchise industry, as evidenced by the fact that Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever.
The Franchise 500 ranking isn’t the only notoriety Kumon has received, as it was ranked sixth on Entrepreneur’s Top Global Franchises List in 2017.
“2018 is a momentous year for Kumon as we celebrate the 60th anniversary of our global operations,” said Larry Lambert, vice president of franchise recruitment at Kumon North America, Inc. “Our consistently high industry rankings are a testament to our rich history and dedication to helping children reach their true potential. We are committed to bringing the benefits of the Kumon Math and Reading Program to as many children as possible.”
2017 was a record-setting year for Kumon North America as it reached its highest total enrollment of over 410,000. Enrollment in the United States alone reached nearly 290,000, which is the highest-ever enrollment for the company’s history in the U.S.
Kumon’s Growth in the United States
- 100 new franchisees in 2017
- 26 percent increase in number of centers in last 10 years
- 59 percent increase in subject enrollments in last 10 years
Kumon consistently seeks individuals with a passion for education and an entrepreneurial spirit to support its continued growth as 110 additional learning centers are projected to open this year. Kumon is an attractive opportunity for many individuals looking to enter the franchise business as it has one of the lowest franchise fees at $1,000 and all franchisees qualify to receive initial financial incentives valued up to $19,000 to assist in start-up costs.
About the Kumon Franchise Business
Kumon is an ideal small business for professionals. Kumon Franchisees must have a four-year college degree, 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 over four million students enrolled in nearly 25,000 learning centers in 50 countries and regions. Kumon North America is headquartered in Teaneck, NJ.