Mathnasium

Mathnasium

Math tutoring
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2021 Franchise 500 Rank
#31 Ranked #29 last year
See the Full List
Initial investment
$113K - $149K
Units as of 2021
1,082 15.5% over 3 years

Company Overview

As a consultant to public and private schools, Larry Martinek saw first-hand the struggles that many students had with mathematics instruction. He spent three decades developing methods and materials to help give grade-school children a better foundation in math. His curriculum became the basis of the first Mathnasium Learning Center, opened by Peter Markovitz and David Ullendorff in Westwood, California, in 2002. The company began expanding a year later and now has locations across North and South America, Europe and Asia.

About Mathnasium

Founded
2002
Parent Company
Mathnasium
Leadership
Shant Assarian, CEO

Franchising Overview

Franchising Since
2003 (18 years)
# of employees at HQ
96
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming

# of Units
1,082 (as of 2021)

Franchisor Information

Corporate Address
5120 W. Goldleaf Cir., #400
Los Angeles, CA 90056

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
Initial Investment
$112,750 - $149,110
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

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
Classroom Training
37 hours
Additional Training
Ongoing training
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
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
5-15
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.

Ranked #31

Franchise 500 Ranking

Ranked #111

Fastest-Growing Franchises

Ranked #137

Top Global Franchises

Ranked #54

Fastest-Growing Franchises (U.S. & Canada)

Ranked #6

Top Franchises for Less Than $150,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021