Growth of Franchise Industry Opens Doors for Local Entrepreneurs
Kumon offers aspiring business owners opportunity to transform the educational achievement of youth in their community
PR Newswire, Teaneck, N.J. (March 1, 2016)
According to the 2016 Franchise Business Economic Outlook report, employment growth in the franchise sector will continue to outpace the growth of employment in all businesses economy-wide, as it has in each of the last six years. The franchise industry is set to grow by 1.7 percent in 2016 which added over 13,000 new franchise businesses, generating over $900 billion in economic output and 278,000 new jobs in 2015.
Kumon, the world’s largest education franchise, continues to flourish as it surpassed company milestones in 2015 with nearly 300,000 students enrolled in its math and reading programs nationwide.
“Many of our 1,500 franchise owners opened Kumon centers after experiencing first-hand how Kumon gave their own children an academic advantage that put them ahead of their peers,” says Larry Lambert, vice president of franchise recruitment at Kumon North America. “Kumon is helping thousands of aspiring small business owners transform their lives with a career that rewards them and changes the lives of youth every day.”
As franchise opportunities become more attractive, the supplemental education industry continues to thrive. A leading market research firm has forecasted that the global market for private tutoring will reach $196.3 billion by 2020. Kumon is always seeking individuals with a passion for helping children and an entrepreneurial spirit to support its continued growth.
Kumon recently released testimonial videos showcasing franchise owners who aspired to make a difference and decided to go beyond traditional education. They share how they have ultimately made a better life for everyone in their community through the Kumon Method of learning.
To learn how you can make a difference in your local area, visit kumonfranchise.com and discover franchise opportunities in your community.
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 four million students enrolled in 26,000 learning centers in 49 countries and regions. Kumon North America is headquartered in Teaneck, NJ.
Visit www.kumonfranchise.com to learn more.