Basics of a Kumon North America Franchise
If you’re thinking about buying a Kumon North America franchise, there are many things to consider before signing on the dotted line. Becoming a Kumon North America franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success. Given the correct market conditions, skills and dedication, being a Kumon North America franchisee might be financially rewarding.
Owning a Kumon North America franchise is a serious commitment and works best when you make a thoughtful, educated decision.
- Just because you love Kumon North America’s products or services doesn’t mean that you will be able to successfully operate a Kumon North America franchise.
- Being emotionally attached to the idea of becoming a Kumon North America franchisee is not a state of mind in which you can effectively evaluate an opportunity.
- Your positive experience as a customer of Kumon North America should not form the basis for deciding to become a franchisee.
As an example, just because you love Big Macs doesn’t mean that you should become a McDonald’s franchisee.
Are you looking for some free resources to help you determine if a Kumon North America franchise is for you?
Kumon North America Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Kumon North America franchise is right for you.
If you truly want own a Kumon North America franchise, get all the information you can from Kumon North America and secure a qualified advisor who has experience helping people like you purchase franchises.
You may also want find that gaining a better understanding of the terms related to franchising would be helpful. If so, you may want to visit A Glossary of Franchise Terms.
Make sure that owning a Kumon North America franchise fits in with both your skills and life style objectives. If you don’t want to work evening and weekends, don’t purchase an ice cream shop. If you’re an introvert, don’t buy a franchisee that requires you to be extroverted.
Are you interested in more questions to ask Kumon North America franchisor, Kumon North America franchisee, or even yourself? Get to know the terms.
Kumon North America Franchise Disclosure Document
Carefully read the Kumon North America Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.
As you are reviewing Kumon North America’s Franchise Disclosure Document you will have a number of calls with Kumon North America’s franchise team before you will be allowed to call Kumon North America franchisees.
When you are allowed to call Kumon North America franchisees make sure you speak to at least five to eight franchisees. You will find that most Kumon North America franchisees will be honest and unbiased about Kumon North America. If you would like more information on how to dissect a Kumon North America FDD consider the following resources:
Does a Kumon North America Franchise Make Money?
A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Kumon North America franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.
The decision making tools in Chapter 15 of The Educated Franchise and in Step 13 of The Franchisee Workbook shows you how to honestly evaluate whether or not buying a Kumon North America franchise is the right move for you.
If you’re serious about becoming a Kumon North America all franchisee and want to explore owning a Kumon North America franchise, take the best first step you can and grab your copy of The Educated Franchise today!