Mathnasium Franchise Review 2025: Costs, Fees, News, Average Revenues and/or Profits

Mathnasium is a supplemental learning franchise that specializes in math teaching, covering students from pre-kindergarten through high school. One of its co-founders was a math teacher who had written his own materials and a guide for parents and teachers on how to improve children’s engagement with the subject. Individualized learning programs and support from instructors help students to improve their grasp of math, and there are prizes for advancement to keep them motivated. The franchise prides itself on not only improving students’ grades but also their attitude toward math, setting them up for future learning.

Because education and testing can make a huge difference to someone’s chances in life, parents are often willing to pay extra to improve their children’s education, creating a solid base of recurring business. This has led to growth in the tutoring and supplemental learning industry in general, and particularly in subjects such as math that are seen as core life skills and steps into well-paid STEM careers.

The company presents itself to franchisees as one of the more affordable franchises in the sector, with multiple revenue streams and scalability. Whether you’re coming from education or a business background, it could provide the beginning of a long-term career in educational franchising.

In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for a Mathnasium franchise, based on Item 7 of the company’s 2025 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for a Mathnasium franchise, based on Items 5 and 6 of the company’s 2025 FDD

Section III – Number of franchised and company-owned Mathnasium outlets at the start of the year and the end of the year for 2022, 2023, and 2024, based on Item 20 of the company’s 2025 FDD

Section IV – News updates on the Mathnasium franchise opportunity

Section V – Presentation and analysis of Mathnasium’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2025 FDD, including information on the:

• 2024 average, median, highest, and lowest gross receipts for the 853 franchised Mathnasium Centers in the United States that were open and operated by the same franchisee for 12 months or longer as of December 31, 2024, broken down by quartiles

• 2024 average reported gross receipts, instructor payroll, office supplies & furniture, professional fees, other variable expenses, rent, utilities & other fixed expenses, royalties & marketing fees, and operating profit for the 853 franchised Mathnasium Centers in the United States that were open and operated by the same franchisee for 12 months or longer as of December 31, 2024 and provided Mathnasium with complete 2024 P&Ls before the issuance date of the 2025 disclosure document

• 2024 average, median, high, and low gross receipts per center for the franchised Mathnasium Centers that were open and operated by the same franchisee for 36 months or longer as of December 31, 2024, broken down by the number of Mathnasium Centers that each franchisee owned and operated as of December 31, 2024 (1 center, 2 centers, 3-5 centers, 6+ centers)

Section VI – Key ratios, comparables, computations, and analyses for the Mathnasium franchise opportunity (exclusive content for Platinum subscribers)

Section I – Mathnasium Franchise Costs

• Mathnasium franchise costs, based on Item 7 of the company’s 2025 FDD:

• Initial Franchise Fee:  $49,000 for your first franchise; $26,500 if you are buying an additional franchise
• Expenses While Training:  $2,500 to $3,000
• Technology Fee:  $186 to $1,116
• Rent (1st and last month’s rent):  $6,000 to $14,000
• Paint, Carpet, and Tenant Improvements:  $5,500 to $13,500
• Furniture, Signs, Equipment, and Supplies:  $10,000 to $17,000
• Insurance:  $1,200 to $1,500
• Business License, Name Registration:  $250 to $1,000
• Professional Services (legal and/or accounting):  $1,300 to $2,000
• Phone and Utilities:  $500 to $1,000
• Video Surveillance and Related Equipment:  $500 to $2,500
• Pre-Open Advertising:  $4,000
• Additional Funds for 4 Months:  $32,000 to $40,000
• Total Estimated Mathnasium Franchise Costs (1st center):  $112,936 to $149,616
• Total Estimated Mathnasium Franchise Costs (subsequent center):  $90,436 to $127,116

Section II – Mathnasium’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Mathnasium’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2025 FDD:

• Initial Franchise Fee:  $49,000 for your first franchise; $26,500 if you are buying an additional franchise

• Monthly Royalty:  initially, 10% of your monthly Gross Receipts from all sources as a result of operating your Center. Beginning in the 24th month of operation of the Center, the greater of (i) the 10% monthly royalty or (ii) $1,500.

• Base Royalty:  $650 per month (and, as applicable, an additional $650 per month following each Base Royalty Acquisition)

• Monthly Marketing Fee:  $250 plus 2% of your monthly Gross Receipts from all sources as a result of operating your Center

• Digital and Local Marketing Fee:  a minimum of $1,000 per month

Section III – Number of Franchised and Company-Owned Mathnasium Outlets

Franchised

2022

• Outlets at the Start of the Year:  948
• Outlets at the End of the Year:  951
• Net Change:  +3

2023

• Outlets at the Start of the Year:  951
• Outlets at the End of the Year:  968
• Net Change:  +17

2024

• Outlets at the Start of the Year:  968
• Outlets at the End of the Year:  995
• Net Change:  +27

Company-Owned

2022

• Outlets at the Start of the Year:  3
• Outlets at the End of the Year:  3
• Net Change:  0

2023

• Outlets at the Start of the Year:  3
• Outlets at the End of the Year:  4
• Net Change:  +1

2024

• Outlets at the Start of the Year:  4
• Outlets at the End of the Year:  4
• Net Change:  0

Section IV – News Updates on the Mathnasium Franchise

• A Year in Review: Mathnasium’s Remarkable Growth in 2024 with Franchise Expansion, New Leadership, and Global Momentum

• Mathnasium Scales Across the Globe with Impressive Year-Over-Year Growth

• How Strong Community Partnerships Drive Mathnasium Franchisee Success

• Mathnasium Learning Centers Named Top Franchise for Women

• Mathnasium Learning Centers Ranked No. 97 on Entrepreneur’s 2025 Franchise 500 List

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Mathnasium Franchise (Item 19, 2025 FDD)

Part 1 – 2024 Reported Gross Receipts Performance

• Part 1 sets forth a historic financial performance representation for the period from January 1, 2024 through December 31, 2024. It includes average and median annual Gross Receipts of existing franchised Mathnasium Centers in the United States that were open and operated by the same franchisee for 12 months or longer as of December 31, 2024, broken down by quartiles.

• In this Item 19, “Gross Receipts” means the monthly Gross Receipts from all sources in the operation of a Mathnasium Center, including student tuition, registration and testing fees, sales of learning materials, hourly per student private tutoring, and any other approved services. “Gross Receipts” excludes sales tax receipts that franchisees must collect from customers and that are paid to the government, customer refunds actually paid, and coupons and approved promotional discounts.

Top 1/4

• Number of Centers:  213
• Average Gross Receipts:  $655,284
• Year-Over-Year %:  14.0%
• Lowest Gross Receipts:  $450,059
• Highest Gross Receipts:  $1,363,932
• Median Gross Receipts:  $585,143
• Number That Met or Exceeded Average:  74
• Percentage That Met or Exceeded Average:  35%

Mid-Upper 1/4

• Number of Centers:  213
• Average Gross Receipts:  $379,299
• Year-Over-Year %:  18.6%
• Lowest Gross Receipts:  $317,664
• Highest Gross Receipts:  $449,793
• Median Gross Receipts:  $376,964
• Number That Met or Exceeded Average:  101
• Percentage That Met or Exceeded Average:  47%

Mid-Lower 1/4

• Number of Centers:  213
• Average Gross Receipts:  $266,795
• Year-Over-Year %:  13.0%
• Lowest Gross Receipts:  $225,953
• Highest Gross Receipts:  $316,794
• Median Gross Receipts:  $265,348
• Number That Met or Exceeded Average:  105
• Percentage That Met or Exceeded Average:  49%

Bottom 1/4

• Number of Centers:  214
• Average Gross Receipts:  $169,730
• Year-Over-Year %:  20.5%
• Lowest Gross Receipts:  $46,917
• Highest Gross Receipts:  $225,352
• Median Gross Receipts:  $177,537
• Number That Met or Exceeded Average:  127
• Percentage That Met or Exceeded Average:  60%

All

• Average Gross Receipts:  $367,545
• Year-Over-Year %:  15.7%
• Median Gross Receipts:  $316,794
• Year-Over-Year %:  12.4%
• Number and Percentage That Met or Exceeded Average:  336/ 39%

• As of December 31, 2024, there were 999 Mathnasium Centers in operation in the United States.

• Of those, 138 were not included in this financial performance representation because they were not open and operated by the same franchisee for 12 months or longer as of December 31, 2024.

• In addition, 4 franchised Mathnasium Centers that were open and operated by the same franchisee for at least 12 months as of December 31, 2024 were not included because they did not report their Gross Receipts to Mathnasium for the full 12-month period.

• As of December 31, 2024, Mathnasium’s affiliate operated 4 Mathnasium Centers, none of which were included in this financial performance representation.

Part 2 – 2024 Reported P&L Expenses

• Part 2 sets forth average reported Gross Receipts, average instructor payroll expenses, average office supplies & furniture expenses, average professional fees, average other variable expenses, average total variable expenses, average rent, average utilities & other fixed expenses, average total fixed expenses, average royalties & marketing fees, and average operating profit achieved by 853 franchised Mathnasium Centers in the United States for January 1, 2024 through December 31, 2024 (the “Measurement Period”), all of which have been open and operated by the same franchisee for at least 12 months in the United States as of December 31, 2024 (the “Covered Centers”).

• The Covered Centers provided Mathnasium with complete 2024 P&Ls prior to the issuance date of the 2025 disclosure document. 138 franchised Mathnasium Centers in the United States were excluded on the basis that they were not open and operated by the same franchisee for 12 months or longer as of December 31, 2024. In addition, 4 franchised Mathnasium Centers that were open and operated by the same franchisee for at least 12 months as of December 31, 2024 were excluded on the basis that they did not provide Mathnasium with complete 2024 P&Ls before the issuance date of the 2025 disclosure document.

• As of December 31, 2024, Mathnasium’s affiliate operated 4 Mathnasium Centers, none of which were included in this financial performance representation.

Average

Number of Centers:  853

Reported Gross Receipts:  $367,545 (100.0%)

Variable Expenses

• Instructor Payroll:  $66,552 (18.1%)
• Office Supplies & Furniture:  $7,448 (2.0%)
• Professional Fees:  $2,971 (0.8%)
• Other Variable Expenses:  $64,451 (17.5%)
• Total Variable Expenses:  $141,422 (38.5%)

Fixed Expenses

• Rent:  $48,090 (13.1%)
• Utilities & Other Fixed Expenses:  $5,252 (1.4%)
• Total Fixed Expenses:  $53,342 (14.5%)

Royalties & Marketing Fees:  $65,594 (17.8%)

Operating Profit:  $107,187 (29.2%)

• “Instructor Payroll” is defined as the cost of hourly employees and independent contractors who offer instruction to enrolled students and excludes owner salary or draw and management salaries, bonus payments, and benefits.

• “Office Supplies and Furniture” is defined as the cost of furniture (e.g., chairs, tables, etc.), office supplies, and computer equipment (e.g., papers, pencils, laptops, electronic tablets, etc.) used in normal business operations.

• “Professional Fees” are defined as fees paid to third-party service providers, such as attorneys, accountants, and other consultants who provide professional business advice and guidance.

• “Other Variable Expenses” are defined as the sum of other operational costs required to operate the Mathnasium Center, including business licenses, permits, training expenses, travel and entertainment, and any miscellaneous business expenses not captured in the other defined categories of variable expenses.

• “Total Variable Expenses” are defined as the sum of the Instructor Payroll expenses, Office Supplies & Furniture expenses, Professional Fees, and Other Variable Expenses.

• “Rent” is defined as the amount payable to the landlord under the lease for the operating space for the Mathnasium Center.

• “Utilities & Other Fixed Expenses” are defined as all costs related to repairs, maintenance, telephone, internet, utilities, and other occupancy expenses (excluding Rent).

• “Total Fixed Expenses” are defined as the sum of the Rent and the Utilities & Other Fixed Expenses.

• “Royalties & Marketing Fees” are defined as base royalty fees, monthly royalty fees, technology fees, and marketing fees paid to Mathnasium, as described in Item 6.

• “Operating Profit” is defined as the reported Gross Receipts minus the sum of the above reported expenses.

Part 3 – 2024 Gross Receipts by Number of Mathnasium Centers Owned and Operated by Franchisee

• Part 3 sets forth a historic financial performance representation for the period from January 1, 2024 through December 31, 2024. It includes average and median annual Gross Receipts of Mathnasium’s existing franchised Mathnasium Centers that were open and operated by the same franchisee for 36 months or longer as of December 31, 2024, broken down by the number of Mathnasium Centers that each franchisee owned and operated as of December 31, 2024.

• The chart below shows the Average Gross Receipts per included Mathnasium Center, broken down by the number of Mathnasium Centers that each Franchisee owned and operated as of December 31, 2024.

1 Center

• Average Gross Receipts:  $367,299
• Number of Centers:  284
• Number of Franchisees:  284
• Median Gross Receipts:  $321,701
• Lowest Gross Receipts:  $90,038
• Highest Gross Receipts:  $1,269,809
• Number and Percentage That Met or Exceeded Average:  111 / 39%

2 Centers

• Average Gross Receipts:  $373,974
• Number of Centers:  124
• Number of Franchisees:  62
• Median Gross Receipts:  $305,143
• Lowest Gross Receipts:  $80,610
• Highest Gross Receipts:  $1,282,231
• Number and Percentage That Met or Exceeded Average:  48 / 39%

3-5 Centers

• Average Gross Receipts:  $442,094
• Number of Centers:  105
• Number of Franchisees:  29
• Median Gross Receipts:  $371,956
• Lowest Gross Receipts:  $123,834
• Highest Gross Receipts:  $1,363,932
• Number and Percentage That Met or Exceeded Average:  35 / 33%

6+ Centers

• Average Gross Receipts:  $447,675
• Number of Centers:  130
• Number of Franchisees:  12
• Median Gross Receipts:  $398,775
• Lowest Gross Receipts:  $95,916
• Highest Gross Receipts:  $1,295,478
• Number and Percentage That Met or Exceeded Average:  52 / 40%

• “Franchisee” is defined, collectively, as: (a) an individual or entity to whom Mathnasium or its affiliate has granted a Mathnasium franchise pursuant to a Mathnasium franchise agreement; and (b) any and all other entities owned by or affiliated with such individual or entity that are also parties to Mathnasium franchise agreements with Mathnasium or its affiliate.

• The above results were calculated by Mathnasium based on reports furnished to it by its franchisees. It is important to note that neither Mathnasium nor the submitting franchisees audited this information.

• Some Mathnasium Centers have earned this amount. Your individual results may differ. There is no assurance you will earn as much.

Section VI – Mathnasium Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️