2002
1106
$112,750
$49,000
$149,155
No
What Is Mathnasium?
Mathnasium is a revolution in math education. Our proprietary teaching method helps children catch up and get ahead while making learning fun and engaging. With over 1,100 centers worldwide, we continue to expand in the United States. With a modest investment, franchisee share an excellent opportunity to seize a share of a skyrocketing, multibillion-dollar industry.
Mathnasium's Mission: Teach children math so they understand it, master it, and love it. Math can change their lives, and they can change the world.
With math illiteracy at an all-time high, and college and technical careers becoming increasingly competitive, parents want to give their children an advantage. Mathnasium makes that attainable through a monthly membership fee, similar to a gym membership.
Students typically attend a Mathnasium Learning Center or have live online instruction sessions two or three times each week for one hour, where they learn face to face with our highly trained instructors. Whether a child struggles in math or needs a greater challenge, our proven approach makes believers out of even the most skeptical parents and children. Hundreds of thousands of positive reviews and testimonials tell us that we truly change lives through math every day.
Established: 2002
First Unit Franchised: 2003
Franchised Units: 1106
Company Owned Units: 3
US Franchising YES
Canada Franchising YES
Cash Investment: $112,750 to $150,000
Total Investment: $112,860 to $149,155
Minimum Net Worth: $112,000
Franchise Fee: $49,000
Royalty: 10% plus a $500 basee monthly
Ad: 2% plus $250 monthly marketing fee
Item 19: Yes
Average Number of Employees: 8
Visa Candidates: Yes. Must be able to fullfill 5 year Franchise Agreement Term
Semi Passive Ownership: Yes, but heavily involved.
Passive Ownership: NO
Home-Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes, 25% of franchise fee
Educator Discount: Yes, 25% of franchise fee
Financial Assistance Provided: No
Site Selection Assistance: No
Lease Negotiation Assistance: No
Recruiting Assistance: No
Cooperative Advertising: No
Training: 5 weeks provided, intensive
Ongoing Training and Support
Throughout the life of a franchise agreement, support will be there whenever the franchisee needs it. In fact, as soon as you complete your initial training, you’ll be assigned a Start-up Specialist (SUS) who will assist you through your location’s grand opening making sure you have all that you need for a successful launch. Then, once your math franchise is up and running, the franchisee be assigned a Field Business Consultant (FBC) who will regularly visit your location and provide expert advice for how to grow and maintain their business.
The franchisee will also have the advantage of regional training twice a year and an annual convention every July with Mathnasium franchisees from around the world. These conventions are invaluable opportunities to connect with your peers and share successes and tips.
The Franchisee can be a Center Director or hire a Center Director. Duties of the Center Director – Takes overall responsibility for the running of the center, managing the floor and the staff, dealing with parents and handling basic business administration. Many franchisees choose to initially fulfil this role themselves, whilst others will employ a Center Director and just handle the more advanced business requirements (financial management etc). The choice is yours and your training will be adapted to suit your proposed level of involvement.
IDEAL CANDIDATE
MATHNASIUM FRANCHISEE ATTRIBUTES
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