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.
What are the typical hours of operation?
The hours may vary depending on your location. Most Mathnasium centers are open for instruction after school Monday through Thursday from about 3-7 p.m., and many open on Saturday or Sunday. A typical Mathnasium center will be open at least five days a week, for at least four hours per day, for a total of about 20 hours per week of instruction.
How are Mathnasium center operators supported?
Providing a strong support system to franchisees is key to their success. Our goal is to help you launch your center speedily, comfortably, and confidently. We offer a thorough initial training program that prepares you to open your center, and then we continue to support you in various ways as you establish your operation. Throughout the process, we are always available to answer questions, and if you have a problem, we’ll try to help you solve it.
Our comprehensive ongoing support program includes:
- Franchise Business Consultant performance coaching program
- Tune-up training sessions
- Conventions
- Individual and group telephone conferences
- Email Q & A
- In-person consultation and meetings as necessary
- Timely distribution of marketing and operations materials
- Mathnasium Matters, a continually updated blog that covers everything Mathnasium
- Mathnasium University, an online educational resource for operators to upgrade their franchise knowledge set, at times that best fit their lifestyle
Together, these support services not only provide stability for new franchisees, but also allow easy access to strategies for continued improvement.