Storm McGrath is the CEO of Kip McGrath Education Centres Ltd (ASX: KME), a global english and mathematics tutoring network. The journey of the KME business is extraordinary, having started decades ago and served millions of children.
This rare and exclusive podcast interview with Storm McGrath, current CEO and son of founder Kip, is a must-listen for investors interested in the small-cap company investing and understanding capital allocation.
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VIDEO VERSION available now on Rask’s YouTube channel
Kip McGrath Education was started by Storm’s father, Kip, from a garage in 1976.
Over the years, KME has gone through many challenges and changes to become the global education provider it is today. In this episode of the Australian Investors Podcast, Storm McGrath and Owen Rask talk about:
- KME’s origin story
- Why a fixed fee model doesn’t work for franchise businesses
- The market for tutoring young children and why math & English are the core pillars of learning
- KME’s push for company-owned and online tutoring
- Storm’s desire to acquire Tutorfly and move the business into the USA and a new target demographic
- How KME and Storm think about capital allocation
- Why now is the most exciting time ever for tutors
