Mathnasium Prices: How Much Does A Franchise Cost?

If you want to start a legitimate education franchise, the Mathnasium is for you. Founded in 2002, this education studio helps kids strengthen their skills in math. And if you are curious about Mathnasium prices, read on!

In this article, we’re covering everything you need to know about starting your own Mathnasium education center. 

Background about Mathnasium

According to founders Peter Markovitz and David Ullendorff, they wanted to create a school that made learning math more fun. To do that, they tapped Larry Martinek, a veteran educator, to create an engaging curriculum. 

What’s their secret sauce? They fully customize learning plans for every child. It begins with a comprehensive assessment of each student’s skill level and strengths. 

From there, their math experts tweak their teaching techniques for each student’s learning style. In fact, they support the children’s progress with extra sessions and assessments. They supplement your child’s learning style until they get the topic. 

Mathnasium works on a monthly payment basis, so parents pay a membership fee every month. 

Today, this education franchise has over 1,100 Mathnasium locations worldwide. And if you want to open your own education franchise, it’s an excellent place to start! 

Find out more below. 

How to Start a Mathnasium Franchise

First, you don’t need an education or math background to open one. But you might need to do some elbow grease. Before you start, it’s important to establish that you can’t run this franchise on an absentee or part-time basis. 

Also, you would need around 2 to 10 employees to keep a center running. Now, on to the critical part. 

You can get in touch with Mathnasium through their website here. Just send over some personal details like your email and location, and they’ll contact you. For your information, you do need to have a net worth of at least $149,110, according to Entrepreneur.com. 

After you’ve decided to open a location, that’s when the magic happens. 

So, it all begins when you sign the Franchise Agreement and secure your location. From there,  you are provided with a company-mandated training program. Some people from the company will come by to help you too. 

For one, they send over a field support specialist and a franchise business consultant to help you get the business up and running. Think of them as your mentors as you’re starting out. 

You get 35 hours of on-the-job training and another 37 hours of classroom training. 

Apart from the consulting support, you also get a live, web-based service you can reach out to for help, because Mathnasium is a relatively well-known tutor center, you probably won’t need to break the bank to make your presence known. 

Although if you want to market your new location, they can provide you with tools and strategies! Social media, web development, ads support, you name it. 

Also, no teaching experience? Don’t worry. 

They’ll share their proprietary assessments, curriculum, and methodology with you. And finally, you get a supportive franchise community with extensive training and ongoing national and regional support.

Investment Cost

According to ReportLinker, the global private tutoring market is set to grow by $279.3B by 2027.  

When it comes to franchise costs, Mathnasium prices are at the lower end. No, you won’t break the bank setting up your studio. In fact, the whole setup costs less than $150,000.

According to their website, the Mathnasium franchise cost can be anywhere between $112,860 to $148,655/$149,155, depending on where you live! The term of the agreement is set to five years, and the franchise terms are renewable. Oh, and they also offer a 25% discount on Mathnasium prices for veterans.

And don’t worry; there’s not a lot of hidden fees. This estimate includes months of working capital, the franchise fee of setting up a center, the marketing campaign budgets, and other one-time expenses.

Want to know more about their financing options? They currently don’t offer any financing to potential franchisees. However, you can connect with their third-party sources to cover equipment costs, inventory, payroll, and more!

Did you know? 

Math is important! As we enter a more digitized world, STEM skills are becoming more in demand in the workplace. 

In fact, according to the US Bureau of Labor Statistics, overall employment in math-related occupations is expected to grow 29% from 2021 to 2031. 

Aside from being a great place to learn, Mathanasium is an award-winning franchise. So don’t sleep on them. 

For one, they’re on Entrepreneur Magazine’s Franchise 500 list as a Top Franchise for Math Tutoring in 2023! They’re also listed as a Top 200 Franchise by Franchise Business Review. 

Finally, in terms of Mathnasium reviews, a number of parents say that they appreciate the center for helping their kids enjoy math more. 

As a franchise, the Mathnasium prices are a bit on the more accessible side. So, if you’re looking for a low-cost STEM-related education center to invest in, then you’re definitely looking at the right place. 

Opening a Mathnasium franchise offers not just a business opportunity but a chance to make a difference in the lives of countless students. With a commitment to excellence in math education and a passion for empowering young minds, you’re not only building a successful venture but also shaping a brighter future for the next generation. Your dedication and investment in their education will leave a lasting legacy that goes beyond the walls of your franchise, impacting individuals and communities for years to come.