What is the typical profile of a Mathnasium franchisee?
We are looking for people who will be a great fit with our system: people who care deeply about helping children reach their potential and see business as a vehicle for realizing their financial goals. Our franchisees are enthusiastic, highly motivated, persistent and achievement-oriented — people who want to enjoy what they do. For some candidates, math was not their favorite subject in school. For many it was. Some once considered teaching math but were concerned with the level of compensation or feared being undermined within a hierarchical, bureaucratic school environment. Others struggled with math in school and have heightened sensitivity to the need to help children who are struggling. All are people who believe in the power of education to change lives.
What is the royalty?
Franchisees pay 15% of Gross Receipts from the operation of the Mathnasium Center within their territory.
Do I get an exclusive territory?
Yes. Each franchisee receives an exclusive territory designed so that they have an incentive to cooperate with one another and not compete for the same students.
How much money will I make as a Mathnasium franchisee?
As with any business, it depends largely on your own effort. Particularly important are the quality of service you provide, and how aggressively you promote the center, among other factors. We encourage you to make your own calculations, including both conservative scenarios and more aggressive targets. In simple terms, your profit in any given month is the difference between how much revenue you receive from customers and your expenses, which include the fees you pay to Mathnasium Center Licensing. Expenses vary depending on your area. To learn more about potential income, you can reference our Franchise Disclosure Document as well as speak with Mathnasium franchisees. You’ll have access to both once you engage in the steps to becoming a franchisee.
Do I have to teach children myself?
As a Mathnasium franchisee, you are only required to personally participate in the management and operation of your center(s). However, our goal is to make you comfortable with overseeing all aspects of running the center –– including working with children. Any business operates better when management is hands-on. You should be willing to invest your time and energy in all functions of the center, including teaching, with a plan to hire instructors on an as-needed basis as your enrollment increases.