Water Babies vs Kumon
Franchise Comparison 2026
Both Water Babies and Kumon are education franchises. Water Babies requires an investment of $108K – $153K while Kumon requires $74K – $166K. Kumon has SBA lending data on file with a 14.6% charge-off rate. FranchiseVerdict rates Water Babies C (Average) and Kumon A (Strongest tier).
| Metric | Water Babies | Kumon |
|---|---|---|
| Verdict Grade | CAverageAverage | AStrongest tierStrongest tier |
| Investment Range | $108K – $153K | $74K – $166K |
| Franchise Fee | $55K | $2K |
| Royalty Rate | 10.0% | $36 per full-paying student per month per Subject-Franchise after TLP ($40.50 during TLP); $18 per partially exempt/prorated student ($20.25 during TLP); plus $30 initial enrollment royalty per new student |
| Average Revenue (Item 19) | N/ACompany-owned only · n=2 | N/A |
| SBA Charge-Off Rate | N/A | 14.6% (84 loans) |
| Total Units | 2 | 1,659 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2025 | 1994 |
| FDD Year | 2025 | 2024 |
Investment Range
$108K – $153K
$74K – $166K
Franchise Fee
$55K
$2K
Royalty Rate
10.0%
$36 per full-paying student per month per Subject-Franchise after TLP ($40.50 during TLP); $18 per partially exempt/prorated student ($20.25 during TLP); plus $30 initial enrollment royalty per new student
Average Revenue (Item 19)
N/ACompany-owned only · n=2
N/A
SBA Charge-Off Rate
N/A
14.6% (84 loans)
Total Units
2
1,659
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2025
1994
FDD Year
2025
2024