E2 Visa – Kumon Math & Reading Centers Franchise
If you are looking for a great E2 Visa investment, think about owning one of the most respected tutoring centers in the world, a Kumon Math & Reading Center. This is an opportunity to own an educational business with a proven learning method and an established reputation. Kumon owners enjoy a rich sense of purpose and the benefits of running a small business dedicated to helping kids learn. It is also worth noting that Kumon started in Japan and has since come to the United States as well, so they will be familiar with the immigration process.
This is a business model that should prove especially appealing to owners who like to be hands-on, and enjoy working with children.
We Can Help You
Our goal here is to just do some initial research for you and give you some ideas as to the variety of opportunities. If you are interested in starting a Kumon Math & Reading Center franchise, let us know as we have some excellent contacts.
Ok – let’s get into some details about the Kumon Franchise.
The Kumon Method of Learning
Toru Kumon, a high school math teacher, developed the Kumon method of learning in Japan to help his son with second-grade arithmetic. Using his method, Kumon’s son was able to solve differential equations and integral calculus problems by the sixth grade.
The first Kumon Math & Reading Center was founded in 1954, and the company began franchising in 1958. There are now over 20,000 Kumon Math & Reading Centers outside the United States, and less than 1,500 in the United States. Note: All of these locations are Owner Operated franchises.
Kumon is now seeking franchises in all geographic locations and is an attractive investment with an extremely low franchise fee and a simple “per-student” royalty fee structure. Kumon is also the Forbes #3 Top Franchise for the Money and #20 on the 2015 Entrepreneur.com Franchise 500.
Kumon Math & Reading Center – Perfect for E2 Visa
While this is a great opportunity, unlike some other franchises that we recommend Kumon does not allow absentee ownership. This means that owners will have to work in the business. However, owners tend to report a strong sense of purpose and fulfillment after spending time working at Kumon.
A typical Kumon franchise only needs 2-3 additional employees to run the business, but this satisfies all the necessary E2 visa requirements for job creation.
A typical Kumon Math & Reading Center will require an upfront investment of $64,073 – $134,100.
Net Worth Requirements
Net worth is basically the value of your assets minus the amount of your debts.
For Kumon, you will need to show a net worth of $150,000. This is to ensure the franchisor that you are going to be successful in the business.
Liquidity is all about how easy it is to cash out of an investment. Franchisors want to make sure you do not run out of the funds necessary to run your business, so they have a liquidity requirement.
For a Kumon Math & Reading Center, you are required to have $70,000 cash on hand.
While a line of credit may be sufficient to meet this requirement, as a new arrival to the US under and E2 visa you may not have immediate access to lines of credit. You will need to consider this in your overall investment budget.
Kumon Math & Reading Center has an extensive training program that will require you to train at multiple locations, including at Kumon University in Teaneck, New Jersey. While this is factored into the estimated upfront investment, you should be aware that this could require a lot of time. Nonetheless, Kumon promises a rewarding training experience to all prospective franchise owners.
Along with the availability of extensive training, Kumon also provides newsletters, meetings, toll-free phone lines, grand opening specials, co-op advertising, a national media presence and additional regional advertising.
Franchise Fee / Royalty
All franchise owners have to pay a small royalty or commission on the business they generate using the franchise name and business model. In many cases, but not all, you will be required to pay:
- An initial Franchise Fee to become a franchise owner,
- A royalty based on a percentage of the monthly gross of the business; and,
- A franchise fee for any advertising and corporate promotions.
One of the most attractive things about starting a Kumon franchise is the low franchise fee: $1,000.
Once you own a Kumon franchise there is no royalty based on the percentage of your revenues. Instead, Kumon requires that you pay a flat rate of $32-$36 per month for each student you have enrolled.
Finding Your Location
As your E2 visa immigration lawyers, we would be delighted to work with you and get you connected with the best person within Kumon to help you secure your location. Give us a call and we will get the ball rolling for you.
We offer free initial consultations to anyone looking for an E2 visa and a matching business. Our goal is to provide all of our clients with the very best advice and support possible, so do not hesitate to call for your free consultation.
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