Mathnasium
Math tutoring- 2023 Franchise 500 Rank
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#80Ranked #95 last year
- Initial investment
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$113K - $149K
- Units as of 2023
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1,110 3.4% over 3 years
Company Overview
About Mathnasium
Industry | Children's Businesses |
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Related Categories | Tutoring,Miscellaneous Children's Businesses,Children's Education/Enrichment |
Founded | 2002 |
Parent Company | Mathnasium |
Leadership | Mike Davis, CEO |
Corporate Address | 5120 W. Goldleaf Cir., #400 Los Angeles, CA 90056 |
Social | Facebook,Twitter,LinkedIn,Instagram,YouTube |
More from Mathnasium
Run a Business That Changes Lives – No Educator Experience Required
Seize the opportunity to be part of a multibillion-dollar industry, working with children and helping them achieve their goals. Along with our proprietary teaching method and growing demand for our services, we owe our success to the simple, efficient business model behind the Mathnasium operation. Our comprehensive training gives you the tools to run a successful thriving Mathnasium Learning Center without needing any teaching or math experience.
Be part of the industry-leading education franchise that is changing lives every day.
Join one of the world’s top franchises with a strong reputation of offering a service that both parents and students love. We ensure your instructors deliver top-quality math instruction using our proprietary system, the Mathnasium Method™, which we’ve been continually refining for decades.
Franchisees like Jennifer Krull can attest that using Mathnasium’s proven system has allowed them to run a business that aligns well with their values as well as personal and family life:
Students, parents, franchisees, and major publications have all praised Mathnasium, recognizing it as a growing company that’s truly changing lives. Year after year, Mathnasium shows up in rankings as one of the world’s top franchises; we’re currently listed as a Top 500 franchise by Entrepreneur, a Top 100 global franchise by Franchise Direct, and Top 200 franchise by Franchise Business Review.
Revenue:
Enrollment at Mathnasium is set up like a gym membership: Parents pay an upfront registration fee and ongoing monthly fees for continued attendance. Students have the flexibility of learning in-center or at home via our live online platform, Mathnasium@home.
Getting Started:
Everything we do at Mathnasium is geared toward your success. Getting started is relatively easy with minimal real estate, no inventory, and low staffing needs. Total startup costs are a modest ~$112-~$149K through the first year, including the franchise fee.
After you sign the Franchise Agreement and gain your exclusive territory, we provide you with an extensive training program as well as two incredible people to help with startup and continued operations:
Field Support Specialist (FSS)‐ From the time you sign your Franchise Agreement this person will work with you to help you find the right space and to get your physical location open for business. Your FSS will be with you from anywhere between 6 months up to a year – however long you need.
Franchise Business Consultant (FBC)‐ Once your store is open and operating, your FSS will place you in good hands with your FBC. This is the person that will be with you for the life of your center. Your FBC is a person who has experience with franchising and understands the intricacies specific to Mathnasium. They are like your private business coach who will be calling you, checking in on you, and helping guide you on your journey of continual growth.
准备好started? We’d love for you to join our team and our supportive franchisee community.
You receive the following benefits:
- A proven, simple business model with a membership-style revenue stream
- Mathnasium@home: live, web-based service to reach more customers
- Mathnasium’s proprietary assessments, curriculum and methodology
- Exclusive, protected territory for each Mathnasium Learning Center
- Extensive training plus ongoing national and regional support
- A brand name known for quality and excellent customer service
- A supportive, collaborative franchisee community
- A proven marketing system with cost-effective tools and easy-to-execute strategies
- A chance to own your own business with the opportunity for multiple locations
- Access to an experienced management team with a record of success
- The ability to truly change children’s lives
- The opportunity to contribute to the local community
Business Overview
Franchising Since | 2003(20 years) |
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# of employees at HQ | 98 |
Where seeking | This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
# of Units | 1,110(as of 2023) |
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Information for Franchisees
Here's what you need to know if you're interested in opening a Mathnasium franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$49,000 |
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Initial Investment |
$112,891 - $149,346 |
Net Worth Requirement |
$149,110 |
Cash Requirement |
$112,750 |
Veteran Incentives |
25% off franchise fee |
Royalty Fee |
10%+ |
Ad Royalty Fee |
2%+ |
Term of Agreement |
5 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Mathnasium has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 35 hours |
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Classroom Training | 37 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
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Can this franchise be run from home/mobile unit? |
No |
这个系列可以部分运行时间吗? |
No |
#运行所需的员工 | 2-10 |
Are exclusive territories available? |
Yes |
Franchise 500 Ranking History
Compare where Mathnasium landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Mathnasium ranked on other franchise lists? Find out below.
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