Mathnasium franchise unit economics
Mathnasium franchisees run small leased centers that teach maths to school-age students for monthly tuition.
Mathnasium in the news
- Mathnasium Signs 60 Franchise Agreements, Opens 40 Centers in Strong First Half of 2026 · Franchising.com ·
The Mathnasium headline above is the publisher's own and links to the publisher. Averan Advisors checked this Mathnasium link on 11 October 2026. Franchise news lists news on 95 brands, including Mathnasium. Mathnasium is in the Tutoring and Learning Centers franchise guide.
Mathnasium franchise at a glance
Mathnasium’s 914 franchised centers averaged operating profit of 30.4% of gross receipts in 2025. Mathnasium’s FDD defines operating profit as gross receipts less instructor payroll, rent, other fixed and variable expenses, royalties and marketing fees, before owner and management pay.
Mathnasium franchisees averaged $384,874 of sales in 2025, with a median of $326,428, according to Item 19 of Mathnasium’s 2026 FDD, issued 30 April 2026. The 914 in that group are 88%* of Mathnasium’s 1,043 locations. Royalties and marketing fees paid to Mathnasium averaged $66,883, 17.4% of receipts. A Mathnasium franchise costs $149,816 to $165,846 to open.
- A Mathnasium franchise costs $149,816 to $165,846 to open, including a $49,000 initial franchise fee, according to the brand's 2026 FDD.
- Mathnasium charges a royalty of 10% of sales, a 2% brand fund contribution and a $266 monthly technology fee.
- 39% of reporting Mathnasium locations reached the average.
- At the average Mathnasium location, wages took 20.6%, rent and space costs took 12.8% and cost of goods took 37.7% of sales.
- Work out Mathnasium's fees at your own sales with the minimum fee calculator.
These figures come from Mathnasium's 2026 Franchise Disclosure Document, as the brand reported them, and were read by Averan Advisors.
Own this franchise?
See what your numbers should look like every month.
Talk to Averan → Move your books and accounting to Averan →- Operating profit is $117,000, or 30.4% of receipts. The median center runs 34.2%. The $117,000 repays the $149,816 opening cost in 1.1 years *.
- Franchise fees cost $17,785 more than the building. That is $66,883 of royalties and marketing fees against $49,098 of rent, 17.4% of receipts against 12.8% *, and 85% of what instructor wages cost.
- Rent is about $49,000 at both the average and the median center. An average of $49,098 and a median of $48,884, $214 apart *, on receipts that differ by $58,446, so it falls from 15.0% of a median center to 12.8% of an average one.
- Revenue per center rises 25.4% with portfolio size. That is $373,107 at one center, $407,394 at two, $453,229 at three to five and $467,965 at six or more *.
- Receipts grew 13.3% on the year, and 19.2% in the bottom quartile. The bottom quarter of the system grew fastest, closing on a top quartile that grew 12.0%.
How much does a Mathnasium franchise make?
The average Mathnasium unit reported $384,874 of revenue in the 2026 FDD, and the median reported $326,428. The brand’s disclosure document puts operating profit at 30.4% of revenue. Fees come off the top first, at about 12% of sales across royalty, brand fund and the rest of the stack. Revenue is not income. Rent, wages, cost of goods and the franchise fees all come out before an owner is paid. The figures for the highest-selling and lowest-selling businesses are below.
Top performers
What separates the top Mathnasium performers
Mathnasium splits its locations into groups instead of publishing one average. The top group averaged $693,314 a year. The lowest averaged $176,306. Both run the same brand, on the same agreement, paying the same fees. The middle location sold $326,428. The average was $384,874. More than half the system is below the number the brand quotes.
Decided before you open
- Site and trade area.The top band sells 3.9× the bottom band. Catchment, daytime population and neighboring businesses affect where a location falls.
- Opening cost range.Opening costs $149,816 to $165,846, a 1.1× range inside one brand.
- Lease cost.Occupancy cost ran 12.8% of sales in this filing. Rent stays the same when sales fall, so it takes a larger share of sales at lower-selling locations.
- Fees and the minimum.Fees run about 12.0% of sales. A minimum fee also applies, so lower-selling locations pay a higher effective rate. Work out the sales level where the percentage overtakes the minimum.
Live operating levers
- Products and materials.Mathnasium’s variable expenses, mostly instructor payroll, take 37.7% of sales, against operating profit of 30.4%. Instructor scheduling and other variable spending are the costs an owner controls. The levers are buying terms, price discipline and waste.
- Occupancy cost.Rent and building costs take 12.8% of sales here. The rent is fixed when the lease is signed, so this share falls only as sales per square foot rise.
- Enrollment.The license sets the number of places. Track how many are filled, the price of each, and how long families stay.
Context you underwrite around
- Locations included.These figures cover 914 of 1043 locations. Locations open less than the full year, brand-owned, or not meeting the reporting criteria are excluded.
What is left at the end
Profit line, 2025
| Line | Average | Share of receipts | Median | Share of receipts | Reaching the average |
|---|---|---|---|---|---|
| total sales | $384,874 | 100.0% | $326,428 | 100.0% | 355 (39%) |
| Instructor wages | $79,182 | 20.6% * | $65,934 | 20.2% * | 363 (40%) |
| Office supplies and furniture | $8,686 | 2.3% * | $5,793 | 1.8% * | 281 (31%) |
| Professional fees | $2,942 | 0.8% * | $1,297 | 0.4% * | 241 (26%) |
| Other variable expenses | $54,356 | 14.1% * | $24,362 | 7.5% * | 252 (28%) |
| Total variable expenses | $145,166 | 37.7% | $97,386 | 29.8% | 336 (37%) |
| Rent | $49,098 | 12.8% * | $48,884 | 15.0% * | 452 (49%) |
| Utilities and other fixed expenses | $6,727 | 1.7% * | $4,450 | 1.4% * | 268 (29%) |
| Total fixed expenses | $55,825 | 14.5% | $53,335 | 16.3% | 444 (49%) |
| Royalties and marketing fees | $66,883 | 17.4% | $64,077 | 19.6% | 434 (47%) |
| Operating profit | $117,000 | 30.4% | $111,630 | 34.2% | 365 (40%) |
Dollar figures, the bold percentages and the counts are as the brand reported it; the individual line percentages are marked *.
Franchise fees cost 85% of what the teachers cost. That is $66,883 against $79,182 *. Instructor wages are 20.6% of receipts and the brand 17.4%, which makes the fee the second-largest line in the business.
Franchise fees also cost $17,785 more than rent. That is 17.4% of receipts against 12.8% *. In a format that leases small space, the franchisor is a bigger landlord than the landlord.
Instructor wages hold at about 20% at both the average and the median. That is 20.6% and 20.2% *. So the teaching cost scales cleanly with receipts, which is what leaves 30 cents of every dollar at the bottom.
Other variable expenses are $54,356 on average and $24,362 at the median. That is 14.1% of receipts against 7.5%*. A minority of centers spend heavily on marketing beyond the required fees. That single line accounts for most of the gap between the average and median cost structures.
By sales and growth
Total sales by quartile, 2025
| quartile | Centers | Average | Median | Lowest | Highest | Growth on 2024 | Reaching the average |
|---|---|---|---|---|---|---|---|
| Top | 229 | $693,314 | $635,510 | $467,777 | $1,511,770 | +12.0% | 81 (35%) |
| Mid-upper | 228 | $391,418 | $391,156 | $326,710 | $466,924 | +13.3% | 112 (49%) |
| Mid-lower | 228 | $278,021 | $274,816 | $235,325 | $326,146 | +13.1% | 107 (47%) |
| Bottom | 229 | $176,306 | $182,523 | $66,925 | $234,408 | +19.2% | 128 (56%) |
| All | 914 | $384,874 | $326,428 | $66,925 | $1,511,770 | +13.3% | 355 (39%) |
As the brand reported it.
The bottom quartile grew 19.2% while the top grew 12.0%. The lowest-selling 229 centers are closing the gap faster than the highest-selling are extending it, unusual in this library, where growth normally concentrates at the top.
The top quartile runs from $467,777 to $1,511,770. That is 3.2 times* inside one quarter of the Mathnasium system, and only 35% of that group reaches its own average. Every other quartile clusters tightly, with medians within 3.5% of their averages.
The bottom quarter's median is above its average. That is $182,523 against $176,306. A handful of centers near the $66,925 minimum pull that mean down, while the bulk of the quarter sits close to $200,000.
A move from the bottom quartile to the mid-lower is worth $101,715 of receipts. At the published cost ratios that is about $30,900 of operating profit *, roughly a quarter of what an average center earns in a year.
One center or eleven
Total sales by number of centers owned
| Portfolio | Average receipts | Centers | Franchisees | Centers each * | Median | Lowest | Highest | Reaching the average |
|---|---|---|---|---|---|---|---|---|
| One center | $373,107 | 289 | 289 | 1.0 | $318,865 | $90,745 | $1,335,332 | 112 (39%) |
| Two centers | $407,394 | 120 | 60 | 2.0 | $338,334 | $91,037 | $1,283,151 | 44 (37%) |
| Three to five | $453,229 | 92 | 26 | 3.5 | $390,326 | $77,077 | $1,511,770 | 32 (35%) |
| Six or more | $467,965 | 158 | 14 | 11.3 | $419,572 | $122,948 | $1,387,460 | 63 (40%) |
| All * | $413,279 | 659 | 389 | 1.7 | n/a | $77,077 | $1,511,770 | n/a |
Receipts, counts and medians are as the brand reported it; the centers-each column and the closing row are marked *.
Revenue per center rises 25.4% from one center to six or more. That is $373,107 to $467,965 *. The median rises further, from $318,865 to $419,572, 31.6%, so the effect runs through the middle of each group.
Fourteen franchisees run 158 centers. That is an average of 11.3 each*, and they produce the highest receipts per center in the system. Whatever scale buys here, it shows up in revenue.
The share reaching each group's own average changes by less than a tenth. That is 39%, 37%, 35%, 40%. So larger portfolios raise the level without tightening the distribution. A Mathnasium owner with six or more centers can still have a center at $122,948.
A second center is worth $34,287 of extra receipts per center. That is $407,394 against $373,107 *. At the published cost ratios that is roughly $10,400 of operating profit on each of the two, before the second center's own contribution.
Fees and what it costs to open
Royalty and brand charges
| Charge | Amount | Notes |
|---|---|---|
| Monthly royalty | 10% of total sales | From month 24, the greater of 10% or $1,500 a month |
| Monthly marketing fee | $250 plus 2% of total sales | n/a |
| Digital and local marketing fee | $1,000 a month minimum | Begins two months before opening; credited against the local marketing requirement |
| Technology license fee | $266 a month per center | Begins the month after the agreement is signed |
| Base royalty | $650 a month | One per franchisee group however many centers it runs, plus one for each acquired center |
| Annual convention fee | $550 per attendee | n/a |
| Reported across 914 centers | $66,883, or 17.4% of receipts | Median $64,077, or 19.6% |
As the brand reported it.
| Item | Low | High |
|---|---|---|
| Initial franchise fee | $49,000 | $49,000 |
| Additional funds, four months | $35,000 | $45,000 |
| Furniture, signs, equipment and supplies | $17,000 | $25,000 |
| Paint, carpet and tenant improvements | $8,000 | $14,500 |
| Rent, first and last month | $6,000 | $14,000 |
| Pre-opening advertising | $5,500 | $5,500 |
| Expenses while training | $2,500 | $3,000 |
| Video surveillance and related equipment | $500 | $2,500 |
| Professional services | $1,300 | $2,000 |
| Insurance | $1,500 | $1,750 |
| Technology fee before opening | $266 | $1,596 |
| Phone and utilities | $500 | $1,000 |
| Business license and name registration | $250 | $1,000 |
| Total, first center | $149,816 | $165,846 |
| Total, additional center | $104,816 | $143,346 |
As the brand reported it, reordered here by size. Both columns add to their stated totals exactly. The additional-center row is the same total less the $22,500 difference in franchise fee *.
Discounts available
- Mathnasium charges $26,500 instead of $49,000 for an additional franchise or for an eligible Mathnasium Center Director.
- Mathnasium waives the initial franchise fee for an existing franchisee who signs for an additional center inside its existing territory by December 31, 2026 (Additional Center Incentive).
- Mathnasium takes 25% off the first center's fee for honorably discharged veterans and active-duty members of the U.S. Armed Forces (VetFran).
- Mathnasium takes 25% off the fee for qualifying current or recent credentialed teachers, education administrators and education graduates.
- Mathnasium's development agreements charge $49,000 for the first center and $26,500 to $20,000 for each additional center, depending on how many centers you commit to.
From Item 5 of the Mathnasium 2026 FDD. The costs on this page use the full initial franchise fee for one unit, before any discount.
Item 7 of the FDD starts the initial franchise fee at $26,500, a discounted price. This page uses the full fee for one unit, $49,000.
Opening repays in 1.1 years at the published profit line. That is $149,816 against $117,000 *, or 2.4 years against the bottom quarter's receipts at the same cost ratios. That is among the fastest paybacks in this library.
The minimum royalty is above 10% of receipts at the bottom quartile’s average. The $1,500 monthly minimum from month 24 matches 10% at $180,000 of receipts *, and that quartile averages $176,306. For its lowest-selling center the minimum is 26.9% of everything it bills.
The base royalty is charged once per owner, whatever the portfolio. That is $7,800 a year *. An owner with eleven centers spreads it across all of them, one of the few places where scale lowers a per-center cost.
A second center costs $127,316 at the low end. That is $22,500 less than the first, on receipts that run $34,287 higher per center in the two-center group *. Both sides of that comparison favor the second unit.
Questions we get asked
Questions owners ask.
How much does a Mathnasium franchise make?
Mathnasium franchisees averaged $384,874 of sales in 2025, with a median of $326,428, according to Item 19 of Mathnasium’s 2026 FDD, issued 30 April 2026. The 914 in that group are 88%* of Mathnasium’s 1,043 locations. Royalties and marketing fees paid to Mathnasium averaged $66,883, 17.4% of receipts. A Mathnasium franchise costs $149,816 to $165,846 to open.
What should a Mathnasium center be billing?
Across 914 centers, total sales averaged $384,874 in 2025 with a median of $326,428, and 355 of the 914 reached the average. By quartile the averages were $693,314, $391,418, $278,021 and $176,306, with the full range running $66,925 to $1,511,770. Receipts grew 13.3% on 2024 across the system, with the bottom quartile growing 19.2% and the top 12.0%.
What is left after costs at Mathnasium?
Operating profit averaged $117,000, or 30.4% of receipts, with a median of $111,630 at 34.2%. Instructor wages took 20.6% of receipts, other variable expenses 14.1%, rent 12.8%, royalties and marketing fees 17.4%, office supplies 2.3%, utilities 1.7% and professional fees 0.8%. The line percentages are marked *. Operating profit here sits before interest, tax, depreciation, amortization and any owner compensation, so an owner who draws a salary takes it out of that figure.
What fees does Mathnasium charge?
Mathnasium charges a monthly royalty of 10% of total sales, which from month 24 becomes the greater of 10% or $1,500 a month. The marketing fee is $250 plus 2% of receipts. The digital and local marketing fee is at least $1,000 a month, credited against the local marketing requirement. The technology license fee is $266 a month per center. There is also a base royalty of $650 a month, charged once per franchisee group however many centers it runs. Across 914 centers that totals $66,883 a year, or 17.4% of receipts, with a median of $64,077 at 19.6%.
Does a second center pay at Mathnasium?
On the published figures, yes. Among centers open 36 months or longer, one-center owners averaged $373,107 a center, two-center owners $407,394, three-to-five-center owners $453,229 and six-or-more owners $467,965, a rise of 25.4%, which is marked *. The medians rise further, from $318,865 to $419,572. A second center also costs $22,500 less to open, at $127,316 to $143,346, and the $650 monthly base royalty is charged once per owner.
Who does bookkeeping for a Mathnasium franchise?
Three things shape the close here. The brand charges have four moving parts on two different bases (12% of receipts plus $1,516 a month per center plus a base royalty charged once per owner) so a single "royalty" line in the accounts hides which piece is growing. Splitting them is what lets an owner see the fixed element against a month's receipts. Second, the minimum royalty of $1,500 a month arrives in month 24 and bites below $180,000 of annual receipts. That is marked *. So a center still building up at its second anniversary needs that step change in the forecast before it lands. Third, other variable expenses run 14.1% of receipts at the average and 7.5% at the median. That is marked *, the widest range of any line. So tracking marketing spend beyond the required fees separately from the rest of that category is where the real control sits. Averan provides bookkeeping, controller, and fractional CFO support for franchise owners and has Certified QuickBooks ProAdvisors on the team.
Questions worth putting to Mathnasium
These are questions the Mathnasium filing leaves open. An owner or a buyer can put them to Mathnasium directly.
- Is the profit figure in Item 19 before or after owner pay, and how many locations sit below it?
- Which factors does Mathnasium see in its highest-selling locations, such as trade area, years open and size?
- How long does a new location take to reach the average you publish, and what does the build-up look like month by month?
- At what level of sales do the minimum charges stop applying and the percentage take over?
- How many Mathnasium locations closed, were sold, or changed hands last year, and why?
Run your own numbers.
The Franchise Numbers Check runs the same checks on your own numbers. It scores where you stand and compares you with Item 19 of your brand’s FDD. It works out what one location earns and spends, and builds a 13-week cash forecast. Checks whether you are ready to open another one. It is free and it runs in your browser.
Launch the diagnostic →Where does your center sit in the 914 at Mathnasium?
We review your unit economics and cash forecast and build your reporting around brand charges split into their four parts, a month-24 minimum royalty. Marketing spend tracked separately from other variable costs.
Talk to AveranWhere these figures come from.
Every figure here comes from Mathnasium Franchisor LLC’s 2026 FDD and is unaudited by us. We are unaffiliated with the brand. Calculations of our own are labeled where they appear, the figures describe past performance at other businesses and are not a projection of yours. This page is an educational summary. It is not an offer to sell a franchise, and it is not financial, legal or tax advice. Mathnasium® is a registered trademark of its owner. How Averan reads a Franchise Disclosure Document.
These figures come from the brand's disclosure. They are not a forecast, an offer to sell a franchise or advice. Source: Mathnasium Franchisor LLC, 2026 Franchise Disclosure Document, issued 30 April 2026.
the franchise library, all 447 brands · how franchise unit economics work · running the books across several locations · what Averan does for franchise owners
Mathnasium reads against the rest of the tutoring and learning centers group: Best in Class Education Center · Brain Balance · Huntington Learning Center · Kumon · LearningRx · Sylvan Learning. The tutoring and learning centers guide compares all of them on the same figures.
Questions owners ask next
The figures above raise these, and each one is answered on its own page.
- At what level of sales does a minimum fee stop costing me more than the percentage?It works out the sales level where a minimum fee stops applying.
- How much cash do I fund before a new location covers its own costs?It builds a 13-week forecast for the months before break-even.
- My payroll percentage keeps climbing. Is that a payroll problem?It shows how to tell whether payroll is rising or revenue is falling.
- I run several locations. Which ones actually make money?It shows each location's contribution to profit and the reporting it takes to see it.
- How much of Item 19 can I rely on?It explains what an Item 19 financial performance representation tells you and what it leaves out.