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Mathnasium

Fees and investment (Items 5-7)

  • initial_fee_low_usd: 49,000
  • initial_fee_high_usd: 49,000
  • royalty_pct: 10
  • royalty_min_monthly_usd: 1,500
  • marketing_fee_pct: 2
  • marketing_min_monthly_usd: not disclosed
  • tech_fee_monthly_usd: 266
  • total_investment_low_usd: 127,316
  • total_investment_high_usd: 165,846
  • liquid_capital_usd: not disclosed
  • net_worth_usd: not disclosed

Fee notes

Standard first-franchise fee $49,000; additional franchise or Center Director discount $26,500; transferee fee $7,000 (may be waived); veteran/educator discount 25% off first-center fee; development fee $75,500-$129,000 for 2-5 centers credited toward franchise fees. In 2025, fees paid ranged $0-$49,000. Royalty is 10% of monthly Gross Receipts; beginning in the 24th month of operation it is the greater of 10% or $1,500 per month. A Base Royalty of $650 per month is also payable, beginning 6 months after signing. Monthly Marketing Fee is $250 plus 2% of monthly Gross Receipts. A Digital and Local Marketing Fee of at least $1,000 per month is paid to the franchisor and credited against the local marketing requirement.

Outlets, closure rate, growth and all-in fee

  • total_outlets: 1,047
  • franchised_outlets: 1,043
  • company_outlets: 4
  • states_count: 45
  • closure_rate_pct: 2.1
  • closures: 60
  • closures_not_itemized: 0
  • reacquired: 1
  • franchised_outlet_years: 2914
  • closure_year_from: 2023
  • closure_year_to: 2025
  • closure_ranking_eligible: yes
  • growth_pct: 7.7
  • growth_outlets_from: 972
  • growth_outlets_to: 1,047
  • growth_year_from: 2023
  • growth_year_to: 2025
  • growth_ranking_eligible: yes
  • all_in_fee_pct: 12
  • all_in_basis: royalty + marketing fund

Comparable revenue

  • annual_revenue_usd: 326,428
  • basis: median, 914 franchised Mathnasium Centers open and operated by the same franchisee 12 months or longer as of December 31, 2025 (914 outlets)

Item 19 figures

metric cohort outlets avg median min max period page
Annual Gross Receipts 914 franchised Mathnasium Centers open and operated by the same franchisee 12 months or longer as of December 31, 2025 914 384,874 326,428 66,925 1,511,770 January 1 - December 31, 2025 60
Annual Gross Receipts Top 1/4 of 914 franchised Mathnasium Centers open 12+ months 229 693,314 635,510 467,777 1,511,770 January 1 - December 31, 2025 60
Annual Gross Receipts Mid-Upper 1/4 of 914 franchised Mathnasium Centers open 12+ months 228 391,418 391,156 326,710 466,924 January 1 - December 31, 2025 60
Annual Gross Receipts Mid-Lower 1/4 of 914 franchised Mathnasium Centers open 12+ months 228 278,021 274,816 235,325 326,146 January 1 - December 31, 2025 60
Annual Gross Receipts Bottom 1/4 of 914 franchised Mathnasium Centers open 12+ months 229 176,306 182,523 66,925 234,408 January 1 - December 31, 2025 60
Operating Profit 914 franchised Mathnasium Centers (Covered Centers) open 12+ months with complete 2025 P&Ls 914 117,000 111,630 not disclosed not disclosed January 1 - December 31, 2025 61
Annual Gross Receipts per center Franchisees owning 1 Center (289 franchisees), centers open 36+ months under the same franchisee 289 373,107 318,865 90,745 1,335,332 January 1 - December 31, 2025 64
Annual Gross Receipts per center Franchisees owning 2 Centers (60 franchisees), centers open 36+ months under the same franchisee 120 407,394 338,334 91,037 1,283,151 January 1 - December 31, 2025 64
Annual Gross Receipts per center Franchisees owning 3-5 Centers (26 franchisees), centers open 36+ months under the same franchisee 92 453,229 390,326 77,077 1,511,770 January 1 - December 31, 2025 64
Annual Gross Receipts per center Franchisees owning 6+ Centers (14 franchisees), centers open 36+ months under the same franchisee 158 467,965 419,572 122,948 1,387,460 January 1 - December 31, 2025 64

Franchised outlet turnover by year (Item 20 Table 3)

year start opened terminated non-renewed reacquired ceased transferred end
2023 951 43 0 0 1 25 not disclosed 968
2024 968 47 0 0 0 20 not disclosed 995
2025 995 63 0 0 0 15 not disclosed 1,043

Revenue relative to cost (revenue is not profit)

  • comparable_annual_revenue_usd: 326,428
  • investment_midpoint_usd: 146,581
  • revenue_to_investment: 2.23
  • royalty_pct: 10
  • revenue_per_royalty_point_usd: 32,643

Rank against peers

metric value rank peers peer median order peer group
inv_low 127,316 18 24 98,065 lowest first Academic Tutoring
fee_low 49,000 19 24 32,250 lowest first Academic Tutoring
royalty 10 10 18 9.75 lowest first Academic Tutoring
allin 12 12 18 11 lowest first Academic Tutoring
outlets 1,047 2 24 43.5 highest first Academic Tutoring
growth 7.7 2 16 -7.3 highest first Academic Tutoring
closure 2.1 4 16 6.05 lowest first Academic Tutoring

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