3 hot-shot tutoring franchises to check out
Let’s take a look at three franchise options in the educational sphere. Each has a distinct point of difference that creates a niche in the busy marketplace.
If a passion for education, working with kids, and being your own boss are top of your 2020 must-do list, check them out!
World-renowned Kumon maths and English programs were developed in Japan. The business has been going since 1984 and there are more than 300 franchisees in Australia alone.
The world’s largest after-school education program has more than four million students enrolled cross 57 countries and regions.
The program helps children develop fundamental reading comprehension and calculation skills for confidence in the classroom and in everyday life.
Proficiency in English and maths is essential for a Kumon franchisee, alongside leadership qualities, business acumen, organisational skills, effective communication; growth mindset and the ability to build links in the local community.
There’s intensive support throughout the first year as franchisees face a steep learning curve running their own business.
Franchisee investment starts with a $1000 franchise fee.
Just starting out in Australia, this however has a global presence.
A high-performing centre can yield over $1 million in annual revenue with margins of 35 per cent.
Initial start-up investment cost ranges from $135,000 to $200,000 which includes the franchise fee.
A franchisee undertakes a comprehensive training program. Stage 1 is over 60 hours of online training. Stage 2 is seven days of training at Mathnasium HQ in Los Angeles. Stage 3 is hands-on training for about two weeks at a Sydney centre.
Training covers all aspects of business: education, marketing, centre management, hiring, etc.
This is a niche business focused on maths and it is seeing increased demand.
Franchisees are backed by robust training and support systems – marketing material, technology platform, ongoing curriculum upgrades, in-person support visits.
Tutor Doctor has a distinct approach to providing one-on-one supplementary education to students and adults: it matches up the tutor with the student.
Private tutoring is a multi-billion-dollar industry, and today Tutor Doctor operates in more than 590 locations around the world. So when it comes to changing lives, that’s a massive 270,000+ people helped to achieve their academic goals.
It’s a business model with low overheads but high earning potential, and a work from home lifestyle.
If you don’t have an education career you’ll be joining the 83 per cent of Tutor Doctor franchisees who come from a different background.
Franchisees manage a team of professional tutors and work on the business, thanks to an award-winning home-based business model that requires no educational background to operate.
It will cost $70,000 to set up the business.