Rank no.102 – Mathnasium Learning Centers – US
Rank no.102 – Mathnasium Learning Centers – US
Products & Services: Math learning center
Number of Locations: 382
Total Investment: $82.25K – 136K
Founded: 2002
Began Franchising: 2003
About Mathnasium Learning Centers
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.
Franchise Units
| YEAR | U.S. | CANADIAN | INTERNATIONAL | COMPANY OWNED |
| 2012 | 298 | 7 | 75 | 2 |
| 2011 | 253 | 2 | 74 | 1 |
| 2010 | 206 | 1 | 68 | 1 |
| 2009 | 180 | 1 | 87 | 1 |
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $37,000
Ongoing Royalty Fee: 10%
Term of Franchise Agreement: 5 years, renewable
FINANCIAL REQUIREMENTS
Net Worth: $100,000
Liquid Cash Available: $55,000
OPERATIONS
15% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is NOT allowed..
| FINANCING TYPE | IN-HOUSE | THIRD PARTY |
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How This Franchise Supports Franchisees
Franchise Ranking History
Every day, students around the world attend Mathnasium learning centers to boost their math skills. We are highly specialized; we teach only math. Members usually attend two or three times a week for about an hour.
Our goal is to significantly increase your child’s math skills, understanding of math concepts, and overall school performance, while building confidence and forging a positive attitude toward the subject.
Children don’t hate math.
They hate being confused and intimidated by math.
With understanding comes passion.
And with passion comes growth—a treasure is unlocked
