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Mathnasium Learning Centers

Math learning center

Background

Founded: 2002 Franchising since: 2003
5120 W. Goldleaf Cir., #130
Los Angeles, California 90056
Phone:
(877)531-6284


Franchisor is a privately-held company with 20 employee(s); 12 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 180 1 87 1
2008 152 1 74 1
2007 125 1 64 2
2006 110 1 44 2
2005 55 0 5 1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Exclusive territories available.

Costs and Fees

Total investment: $55K-80K
Franchise fee: $19.5K
Ongoing royalty fee: 11%
Term of agreement: 5 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $100K
Cash liquidity requirement: $55K
Business Experience:
  • General business experience
  • Marketing skills
  • Must enjoy math & teaching children

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.

Training and Support

Training
  • Available at headquarters: 6 days
  • Ongoing training

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Field operations/evaluations

Marketing Support
  • Ad slicks
  • National media
  • Regional advertising

Other marketing support
  • Promotional items

Rankings

Franchise 500® rank:
#173 (2009); #197 (2008); #239 (2007); #379 (2006);

Fastest-Growing Franchises:
#79 (2006);

Top New Ranking:
#7 (2008); #13 (2007); #26 (2006);

America's Top Global Franchises:
#135 (2009); #98 (2008); #150 (2007);


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