The education industry in the United States is one of the fastest-growing industries.
It is valued at over $2 trillion, and a standard education franchise makes between $120,000 and $180,000 annually.
Mathnasium is one of those education centers that operates mainly in the United States. It is also one of the best education franchises that you must own.
If you are thinking about owning a Mathnasium franchise, you can because they offer franchising since 2003.
This article will take a look at Mathnasium and its franchise system to give you an idea.
About Mathnasium And Its History
Mathnasium is a math learning center franchise for children. It’s a learning system where children spend time completing math assignments.
They operate in North America, Europe, the Middle East, and Asia, with over 1,000 stores.
The company was founded in 2002 and quickly started franchising in 2003 to expand its network.
They managed to quickly expand despite having premium franchise costs compared to their competitors.
Mathnasium is one of the biggest math learning centers in the United States as of 2023.
Mathnasium Titles And Awards
A Mathnasium is among the top 10% of Entrepreneur Magazine’s 2021 Franchise 500, and one franchise directs Top Global Franchises for 2021.
Mathnasium Franchise Model
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee (for first center) | $49,000 | $49,000 |
| Expenses While Training | $2,500 | $3,000 |
| Base Royalty Fee (per month) | $0 | $3,000 |
| Technology Fee (per month) | $141 | $846 |
| Rent (1st and Last Month’s Rent) | $6,000 | $14,000 |
| Initial Franchise Fee (for the first center) | $5,500 | $13,500 |
| Paint, Carpet, and Tenant Improvements | $10,000 | $17,000 |
| Insurance (annually) | $1,200 | $1,500 |
| Business License, Name Registration | $250 | $1,000 |
| Professional Services (Legal and/or Accounting) | $1,300 | $2,000 |
| Phone and Utilities | $500 | $1,000 |
| Video Surveillance and Related Equipment | $500 | $2,500 |
| Pre-Opening Advertising | $4,000 | $4,000 |
| Additional Funds (4 Months) | $32,000 | $40,000 |
| Furniture, Signs, Equipment, and Supplies | $112,891 | $149,346 |
How Much Does it Cost to Open a Mathnasium Franchise?
The total average cost to open a Mathnasium franchise costs between $112,891 and $149,346.
This total expected cost includes the $49,000 franchise fee that you pay in a lump sum in the beginning.
All the other costs vary depending on your individual situation, like location, size, number of employees, and others.
Depending on your situation, you could end up paying more than the expected average cost. You will also need to pay 10% in royalty fees each month from gross sales.
Mathnasium Franchise Requirements
Mathnasium doesn’t have any financial requirements from the franchisees. It’s enough if you have enough capitalization to open the store up.
However, potential franchisees need to have a personal meeting to ensure that they are a good fit for the brand.
In addition, all Mathnasium franchise locations must keep up with a minimum sales level. Failing to meet this requirement could result in a loss of rights to the brand and territory.
Mathnasium Training and Support
The franchisee and/or the center director gets an initial training program. This program has four stages, the first one is for 30 hours, and it’s online training.
The second stage is a four-half-day virtual classroom training to teach business practices. The third stage is 40 hours of online self-paced videos, assignments, and a test.
The final stage is again a four-half-day virtual classroom that goes deeper into business practices. This stage also includes three full-day educational practices in Los Angeles.
Mathnasium Terms of Agreement and Renewal
The term of the initial agreement is for five years. At the end of the five years, if both sides are in good standing, a renewal of additional five-year terms is available.
For this renewal to take place, the franchisor must be satisfied with the franchisee completely.
Also, any breach in the franchise agreement in the first period will not give you the right to renew the agreement.
In the case that you are eligible for a renewal and want to renew it, you will have to pay a renewal fee. The renewal fee is $7,000 for each renewal.
Mathnasium Obligations and Restrictions
The franchisee or one of the store’s owners must participate in the store’s daily operations.
Also, the franchisee or someone the franchisee designates must act as the center director for the store. This center director has to complete a set of initial training successfully.
A person must answer all the telephone calls coming into the store during the minimum hours set in the agreement.
Additionally, the franchisee is restricted from selling any product or service that Mathanisum didn’t approve.
Mathnasium Financial Assistance
Mathnasium does not offer direct or indirect financial assistance to franchisees opening their first center.
If you are a center director at a Mathnasium store and meet certain requirements, you might be eligible for some sort of financial assistance.
Opportunities abound for entrepreneurs in education franchising, including brands like Kumon franchise, Code Ninjas Franchise, Kiddie Academy, Kidzee Franchise and Legal Academy Franchise.
Mathnasium Comparison
| Name | Franchise Fee | Royalty Fee | Initial Investment |
|---|---|---|---|
| Sylvan Learning | $34,900 | 16% | $85,525-$186,930 |
| Kumon | $2,000 | $15 times the number of newly enrolled sutdents | $67,428-$145,640 |
| Mathnasium | $49,000 | 10% | $112,891-$149,346 |
Conclusion
Mathnasium is one of the biggest education centers in the United States, with over 1,000 centers all around the world.
They were founded in 2002, and they have been offering franchises since 2003. The average investment is between $112,891 and $149,346.
A Mathnasium franchise owner makes between $40,5000 and $67,500 annually in salary with a profit margin of between 15% to 25%.
Depending on several factors, this number could be well above $100,000. Overall, it is no doubt that Mathnasium is a great opportunity for entrepreneurs looking to own a franchise.
FAQs
What is the franchise fee for a Mathnasium franchise?
The franchise fee is $49,000 for the first outlet. The renewal fee will be different than this.
How much does it cost to open a Mathnasium franchise?
The average cost to open a Mathnasium store is between $112,891 and $149,346. It includes all kinds of startup costs, such as the franchise fee.
How do you apply to be a Mathnasium franchisee?
You can either apply through their website or send them an email to start the process. They will get back to you about the steps to take.
Amit Gupta is an experienced expert in digital marketing and co-founder of DrFranchises. With more than 11 years of knowledge in franchise digital marketing, SEO, email marketing, and social media marketing, Amit has helped many brands achieve incredible success online. As a passionate entrepreneur and owner of 7 franchises, he continues to study franchise models, looking at costs, revenue, and profitability to guide brands toward profitable growth. When he’s not working on digital marketing, Amit enjoys spending time playing with his beloved dog.