What is the royalty?
Franchisees pay US$500 per month for the first center only, plus 10% of gross receipts.
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. You’ll have peace of mind knowing that your franchise area is both protected and strategically placed so that a Mathnasium competitor cannot provide greater drive-time convenience to customers by slipping in between.
What will it cost me to open my first Mathnasium center?
As with any new business, there are start-up costs that include setting up a center, an initial marketing campaign, and other one-time expenses. This will vary by geographic area but is estimated to cost for opening a center in the United States range between U$90,750 and US$137,610. In Canada, the estimated costs to open your first center are between US$94,750 and US$141,000. All costs, except for the initial franchise fee, are estimates.
What is the initial franchise fee?
Franchisees in the United States pay US$40,000 at signing. Canadian franchisees pay US$31,000 at signing. Get the rest of the franchise investment details.
What are the ongoing expenses of running a Mathnasium center?
Other than the royalties, expenses typically include:
- Monthly rent for a ground floor retail space in your community (approx. 1,200 to 1,600 sq. feet)
- Ongoing advertising and promotion
- Instructors as enrollment grows (paid hourly during teaching times)
- Miscellaneous expenses, including phone, office supplies, and the like