Last Updated on July 31, 2012 by DeanR
Math Monkey Knowledge Centers Franchise
Math Monkey Knowledge Centers is a franchise for a business providing after school enrichment programs.
They design these programs for students who are highly motivated learners. The curriculum aims to boost reasoning, critical thinking skills, and logic. This is so that the kids can achieve their full potential. They say that Math Monkey is inspired by the creativity of the West and the wisdom of the East to meet all the needs of a child who is really driven. They have had more than 35 years of research and experience in Vedic Math.
They live by two sayings. One is “Engaging is Fun” which cultivates thinkers to use abstract ideas in figuring out solutions and creates interactivity in their classrooms. Second is “Fun is Engaging”. This incorporates a game-based program to introduce challenging topics that builds concentration skills and mental agility.
What exactly is Vedic Math?
The word Vedic came from an ancient Indian way Mathematics based on the sixteen principles of “Sutras”. The system comes from mathematical logics of calculus, trigonometry, and algorithms. These, they say, are the very foundation on Mathematics. The Vedic Math way is a new way of learning Math that will help children translate math concepts to quantitative skills which will greatly help them cope with the economy today. Vedic is a way to simplify math. It makes complex math simple by applying the Vedic principles.
What programs does Math Monkey offer?
They have the Lemur Troop designed to build mathematical literacy. The Chimpanzee Troop helps build critical and logical skills through mental exercises and series of games. Orangutan Troop is for intermediate Math Monkeys which focuses on speed and accuracy on mental techniques and preparation for advanced mathematics.
Baboon Troop is for more advanced math. This is where they learn higher-order thinking. This is when they will be taught techniques like mental techniques while learning speed and accuracy. Gorilla Troop are for experience Math Monkeys who needs to continually grow from hands on and minds on activities. This is when they are encouraged to experiment with math concepts.
Costs and requirements on running a Math Monkey Knowledge Center franchise
You need to have a net worth of $150,000 and a total liquid asset of at least $50,000. Expect to be investing about $99,000 to $164,000. The Math Monkey Knowledge Centers franchise fee is $31,500with an on-going royalty fee of 6%. This is for a renewable seven year term agreement. You will need about one to two employees to run one location. They allow multi-unit ownership and absentee ownership.
What is included in the franchise package?
There will be two weeks training at the headquarters, two weeks at your location, one week at an existing location and online seminars totalling to 140 hours. You will be receiving newsletters and a toll free phone number. You will be given access to the internet and to purchasing cooperatives. You will also be given assistance at the grand opening. Expect to be attending meetings and receiving occasional field evaluations. For marketing support, there will be ad slicks, co-op advertising, and national media.
Math Monkey Knowledge Centers Contact Details
You may reach them at:
Address: 56 Winchester Rd. Newton, Massachusetts 02458
Phone: (877)468-6284