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Home >> Education-Related >> Education Courses
Business Description
Spirit of Math provides a unique opportunity for you to offer a complete, unique and well documented system of after school math classes for highly motivated students. It is not a tutoring program. Students come once a week from September to June and are taught in a classroom setting by highly qualified teachers using proprietary curriculum. Advanced Thinking, Academic Excellence, Award-Winning Program. A franchise opportunity that really adds up!
Franchisor Background
Year Established: 1992
Franchising Since: 2006
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: Florida, New York, Rhode Island
Financial Requirements
Average Number of Employees: 0 Full-time, 4 Part-time
Space Needs (in square footage): 1600 - 2100
Preferred Sites:
Other Sites: Churches and Community Centres
Encourage Conversions? No
Earnings Claims Provided?: No
Spirit of Math provides a unique opportunity for you to offer a complete, unique and well documented system of after school math classes for highly motivated students. It is not a tutoring program. Students come once a week from September to June and are taught in a classroom setting by highly qualified teachers using proprietary curriculum. Advanced Thinking, Academic Excellence, Award-Winning Program. A franchise opportunity that really adds up!
Franchisor Background
Year Established: 1992
Franchising Since: 2006
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 5 | 41.7% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 7 | 58.3% | |||||||||||||||||||||||||||||
Total Operating Units: | 12 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. Manitoba | 1 |
| 2. Ontario | 11 |
Registered in Following Registration States: Florida, New York, Rhode Island
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $200K |
| Cash Investment: | $32-70K |
| Total Investment: | $80-187K |
| Average Total Investment: | $140K |
| Fees: | |
| Initial Franchise Fee: | $35K |
| Average Franchise Fee: | $35K |
| On-Going Royalty: | 9% |
| Average Royalty: | 9% |
| Advertising Fee: | 1% |
Space Needs (in square footage): 1600 - 2100
Preferred Sites:
Other Sites: Churches and Community Centres
Encourage Conversions? No
Earnings Claims Provided?: No
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 4 | ||||||||
| General Business Experience: | 4 | ||||||||
| Specific Industry Experience: | 5 | ||||||||
| Formal Education: | 4 | ||||||||
| Psychological Profile: | 3 | ||||||||
| Personal Interview(s): | 4 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 5 Year(s) | ||||||||
| Term of Renewal Period: | 5 Year(s) | ||||||||
| Passive Ownership: | Not Allowed | ||||||||
| Area Development Agreements? | No | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | Yes | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | No | ||||||||
| Canadian Franchise Association: | Yes | ||||||||
| Franchisee Association/Member: | No | ||||||||
| Size of Corporate Staff: | 12 | ||||||||
| Site Selection Assistance? | Yes | ||||||||
| Lease Negotiation Assistance? | Yes | ||||||||
| Financial Assistance? | No | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | No | ||||||||
| National Advertising: | No | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| Marketing Materials: | Ad Slicks, Brochures, Direct Mailers, Emails, Promotional Items | ||||||||
| Additional Services: | In-house Marketing, Marketing Research, Newsletter | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Included in Fees | ||||||||
| Central Purchasing: | Not Applicable | ||||||||
| Field Operation Evaluation: | Included in Fees | ||||||||
| Field Training: | At Additional Cost | ||||||||
| Initial Store Opening: | Included in Fees | ||||||||
| Inventory Control: | Not Applicable | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | At Additional Cost | ||||||||
| 800 Telephone Hotline: | At Additional Cost | ||||||||
| Training: | |||||||||
| 1. Toronto | 5 days | ||||||||
| 2. Local | 10 days | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Spirit of Math Schools.
• Marketing Brochure • Pre-Qualifier Application |
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