Mathnasium
Mathnasium is an international chain of year-round learning centers where children go to improve their math skills. Each center utilizes the Mathnasium Method, an individually customizable curriculum created through over 35 years of classroom experience and research in order to teach children math in a way that makes sense to them. Mathnasium’s objective is to significantly increase children’s math skills and understanding as well as overall school performance, while building confidence and forging a positive attitude towards the subject.
Using the proprietary “Teach and Move On” technique along with over 10,000 custom worksheets covering topics from pre-K to pre-calculus, Mathnasium has been making a difference in the lives of children since 2003. Today there are over 235 thriving centers in the United States along with open centers now on four continents, and Mathnasium is continuing to grow.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
148 |
181 |
225 |
| | % Change | -- |
22.3% |
24.3% |
| | Company-Owned |
2 |
1 |
1 |
| | % Change | -- |
-50.0% |
0.0% |
| | Total |
150 |
182 |
226 |
| | % Change | -- |
21.3% |
24.2% |
| | Franchised as % of Total |
98.7% |
99.5% |
99.6% |
Investment Required
The fee for a Mathnasium franchise is $27,500. Previous franchisees opening additional Mathnasium franchise locations pay a fee of $19,500.
Mathnasium provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| |
Initial Franchise Fee |
$27,500 |
$27,500 |
| |
Expenses While Training |
$2,500 |
$5,000 |
| |
Rent (and Security Deposit) |
$2,000 |
$5,000 |
| |
Furniture, Signs, Equipment and Supplies |
$13,000 |
$16,000 |
| |
Insurance |
$1,000 |
$2,500 |
| |
Business License, Name Registration |
$100 |
$1,000 |
| |
Professional Services (Legal and/or Accounting) |
$500 |
$1,000 |
| |
Phone and Utilities |
$200 |
$500 |
| |
Video surveillance and related equipment |
$1,500 |
$5,000 |
| |
Apprenticeship Program |
$1,000 |
$1,000 |
| |
Early Stage Advertising |
$12,000 |
$17,000 |
| |
Additional Funds (4 Months) |
$17,000 |
$26,000 |
| |
Total Initial Investment |
$78,300 |
$107,500 |
Ongoing Expenses
Mathnasium franchisees pay a monthly royalty fee of 10% of Gross Revenue plus a base fee of $500, a monthly marketing fee of 2% of Gross Revenue, and a refundable local marketing fee of $2,000 per month. Additional fees include a monthly technology license fee of $175, and an annual convention fee of $100.
What You Get—Training and Support
Mathnasium franchisees take part in an online pre-training on the rudiments of the Mathnasium Method and the Mathnasium business model before attending Initial Training at Mathnasium Headquarters in Los Angeles, CA. At this week-long Initial Training franchisees learn all aspects of the business and receive the entire education system, a complete package of ready-to-use marketing, operations, and financial tools, and the Mathnasium proprietary M2 Management System.
Ongoing support includes peer support and camaraderie via the Mathnasium Matters community blog, mentoring programs, and regularly scheduled conference calls. An annual convention provides franchisees the opportunity to network, gather and exchange new ideas, and learn more about the business. Additionally, Mathnasium continually develops new marketing and financial tools for its franchisees that are effective and sophisticated, yet can be implemented with relative ease.
Territory
Mathnasium grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Top 100 Franchises publication.
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