Mathnasium Learning Centers Franchise
Mathnasium Learning Centers is a franchise for a center providing Math learning.
It was founded in 2002 and started franchising in 2003. The Mathnasium Method was founded by Larry Martinekk over 50 years ago.In 2002, Peter Markovitz and David Ullendorff recognized Larry’s method as the curriculum in their math learning centers. The first Mathnasium was opened in Westwood, California.
Mathnasium is a different approach in math using sophisticated techniques that helps determine what the student already knows and what they do not. They first evaluate the child through comprehensive written and oral evaluation. The evaluation is a diagnostic test in two parts. The first test is through a written test to see the student’s weakness and determine the grade-level material. The second test is through oral questioning to see how the students understand math concepts. Then they tailor-make and personalize the learning program for the child. This will help answer to the child’s unique needs. The child is expected to follow the program with the guidance of a trained Mathnasium tutors. They receive one-on-one sessions when they visit the center. They focus more on written and mental math through a manipulative approach as needed. These sessions are done an hour once or twice a week at the center. To check on their progress, they base it on the child’s independent tests, report card, and the parent’s observation. They measure the speed of the child.
What is the education strategy?
They are first taught when they need to use mental math techniques. Second, they are taught how to explain their process and reason verbally. Third is visual which uses tables, charts, and pictures to further explain concepts and ideas. Fourth is tactile such as counting chips to learn the principles of math. Fourth is written which is a computation drill through workbooks. Fifth is attitude and self-esteem that was a hindrance to learning math. They help children overcome this through helping them succeed in it. Sixth is addition is where intensive remediation is introduced to students who are ready for it.
Costs and requirements on running a Mathnasium Learning Center franchise
You need to have a net worth of $100,000 and a total liquid asset of at least $55,000. Expect to be investing about $78,000 to $108,000. The Mathnasium Learning Centers franchise fee is $27,500 with an on-going royalty fee of 10%. This is for a renewable five year term agreement. You will need one employee to run one location. They allow multi-unit ownership. They do not allow absentee ownership. You will be given exclusivity in your territory.
What is included in the franchise package?
There will be six days training at the headquarters and on-going training as needed. You will be receiving newsletters and a toll free phone number. You will also be given access to the internet. You may be expecting to attend meetings and receiving occasional field evaluations to check on your progress. Or marketing support, there will be ad slicks, regional advertising, and national media.
Mathnasium Learning Centers Contact Details
You may reach them at:
Address: 5120 W. Goldleaf Cir., #300 Los Angeles, California 90056
Phone: (877)531-6284 or (323)421-8000