Mathnasium franchise owners operate learning centers that provide math instruction using the Mathnasium system of learning. Is the Mathnasium franchise a great business to own? What should those considering this investment know about Mathnasium and its franchise opportunity? See what others are saying and share your opinions below.
(UnhappyFranchisee.Com) Mathnasium franchise owners provide math instruction using the Mathnasium system of learning.
Children typically attend Mathnasium centers two or more times per week for approximately 60 minutes.
According to Mathnasium:
Our experienced math tutors utilize our proprietary teaching materials and techniques, The Mathnasium Method™, to deliver a customized learning plan designed to address each student’s needs. Our instructional approach goes beyond traditional math tutoring to develop understanding and build a love for math.
If math is a problem, Mathnasium can solve it…
According to the 2015 Mathnasium Franchise Disclosure Document (FDD), “The total investment necessary to begin operation of your first Mathnasium franchise ranges from $90,750 to $137,610 This includes the $40,000 initial franchise fee that must be paid to Mathnasium.”
Is a Mathnasium franchise a great business to own? Are Mathnasium franchisees successful… and happy? What are the potential pros and cons of owning a Mathnasium franchise?
We invite those familiar with the Mathnasium franchise program (franchisees, instructors, franchise or corporate employees, parents, educators) to share their opinions – positive and negative – with a comment below.
Anonymous comments are welcome; however, please use a valid email address (won’t be publicly visible).
Mathnasium Learning Franchise Advantages – Opinions Invited
What benefits can those investing in a Mathnasium franchise expect? Here’s what the company claims.
…our franchise combines all of the factors experts agree are critical to maximize your probability of success:
Exceptional market Demand with a superior Product to respond to that demand.
The right People to teach you the business and Support your efforts.
A proven track record of Success.
Reasonable startup Investment requirements.
And a painless Process which allows you to learn more – and take easy steps to becoming a franchisee.
Do you know of other benefits of owning a Mathnasium franchise? Share a comment below.
Mathnasium Franchise Disadvantages – And Potential Red Flags
Do you know of potential disadvantages of the Mathnasium franchise program? Please share below.
Item 20 of the 2015 Mathnasium Learning Franchise Disclosure Document (FDD) reveals closings and franchisee turnover.
In the years 2012, 2013 and 2014, there were a total of 616 franchise agreements.
105, or 17%, of these franchises were terminated, taken back by the franchisor, or left the system by other means.
|Reacquired by franchisor||4|
|Ceased Operations – other reasons||44|
|Transferred to new owners*||53|
* In some cases, a transfer could mean a franchise was sold at a profit, but it often means that an owner exited the system at a loss.
Another notable number in the Item 20 is the fact that nearly 100 Mathnasium franchises have been sold but not yet opened.
What are the disadvantages of the Mathnasium franchise?
Why does it appear that a high percentage (though not high compared to other tutoring franchises) of Mathnasium franchisees exit the system before completing the term of their franchise agreements?
Tutoring Franchises Average a High 25.52% Turnover Rate
Unfortunately, it appears that the entire tutoring services and supplemental education segment of the franchise industry is suffering from high franchisee turnover.
The ten largest franchises in this segment average 25.52% turnover, with several (Tutor Doctor, Sylvan, & Club Z) exceeding 30%.
|Mathnasium||17%||JEI Learning Centers||20.23%|
|Huntington||28.9%||The Tutoring Center||25.33%|
Are tutoring franchises – in general – not thriving in today’s marketplace?
Is the tutoring market overbuilt and saturated with tutoring franchises?
Should prospective franchisees stay away from education franchises in general?
Share your opinion below. Company responses, clarifications and corrections are invited and encouraged.
Data Sources for Mathnasium and other tutoring franchises are the 2015 Franchise Disclosure Documents, or FDDS, of the respective companies.
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TUTORING FRANCHISE GUIDE (Coming soon)
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