The cost to invest in a Mathnasium franchise delivers a great balance between investment and opportunity. Becoming your own boss, improving the lives of children and getting paid to do it – that’s a pretty amazing reality.
Take a look at the investment numbers involved.
As with any new business, start up costs include setting up a location, marketing, and other one-time expenses. Depending on your geographical area, we estimate upfront initial investment to be AED 521,950 to AED 734,500. This range includes the estimated expenses associated with setting up your center and operating for the first four months.
| Total | 383,500 AED - 471,000 AED |
|---|---|
| Initial Franchise Fee | 180,000 AED |
| Expenses While Training | 13,000 AED - 20,000 AED |
| Paint, Carpet and Tenant Improvements | 165,000 AED - 240,000 AED |
| Furniture, Signs, Equipment | 20,000 AED - 24,000 AED |
| Video Surveillance and Related Equipment | 5,500 AED - 7,000 AED |
| Total | 190,000 AED - 297,200 AED |
|---|---|
| Payroll/ employee benefits | 65,000 AED - 80,000 AED |
| Rent for 4 months (and Security Deposit, if required) | 40,000 AED - 60,000 AED (Security deposit ~ 3 month rent) |
| Office Insurance | 1,000 AED - 1,700 AED |
| Business License, Name Registration, Setup Costs | 11,500 AED - 17,500 AED |
| Professional Services (Legal and/or Accounting) | 5,000 AED - 6,000 AED |
| Phone and Utilities | 6,500 AED - 7,000 AED (Utilities Security deposit ~ 1,500 AED) |
| Advertising | 36,000 AED to 50,000 AED (including 2 months prior to opening) |
| Additional Funds (4 Months) | 25,000 AED to 75,000 AED |
| Royalty | 15% of Gross Sales |
| Technical Fee | AED 349 |
When making the decision to become a Mathnasium franchisee, keep in mind that you are not only investing financially in a math franchise. Even more importantly you are investing the equity in yourself. What is that equity? It is your compassion, enthusiasm and your commitment to follow our systems – acting on every opportunity to make your education franchise better. In turn, we are investing in you. Working together is the equation for success.
