Friday, June 27, 2014

Kumon Franchise Expands in Midwest Region

Kumon, the world’s largest after-school enrichment program, launched expansion plans to meet the Midwest region’s growing demand for supplemental education services. Opportunities for potential franchisees to open Kumon Math and Reading Centers are located in prime Midwest locations. 
The private tutoring service market is projected to reach $196.3 billion by 2020, according to a recent comprehensive report by Global Industry Analysts, Inc. The growth of the market and the Kumon franchise as a whole, makes owning a Kumon after-school center a viable option for entrepreneurs. Enrollment in Kumon centers has seen a 194 percent growth since 2002 in the United States, with a 78 percent increase in average enrollment per center during the past decade. Its current franchise community consists of 1,492 independently owned and operated Kumon learning centers in the U.S.
Supplemental education continues to be one of the fastest-growing franchise industries. Entrepreneur magazine’s annual Top 500 ranking of franchises recently ranked Kumon as the No. 1 education franchise in the United States for the 13th consecutive year. The ranking is considered the best and most comprehensive ranking based on objective, quantifiable measures of franchise success. Kumon has also been ranked No. 3 by Forbes in the “Top Franchises For the Money.”

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