Business Summary:
This is one of the top ten franchises to own in the US. It specializes in the tutoring of math skills. The owner does not have to be skilled in Math or have a teaching degree. Mathnasium has developed a proven system, using verbal, visual, tactile, and written skills to develop the Math proficiency of children in pre-K thru 12th grade. The members are charged monthly fees from $25 - $35 per session (averaging two sessions per week per student). There is very little competition for this particular segment of tutoring. Mathnasium has developed an exclusive integrated learning system that focuses just on the math part of education. Mathnasium also custom designs its programs for the individual students. Unlike the other tutoring schools, Mathnasium focuses on just one subject not a multitude of subjects. The Franchise fee is $250 or 10% of the gross, whichever is greater, the transfer fee is $3,500, and there is 1 week of training in LA with the Franchisor. Bring all offers – visit www.mathnasium.com
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| Year
Business was Established: 2005 |
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| Number of Employees:
4 FT |
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| Facilities / Terms of Lease:
This business is located in a busy strip center with high visibility. The business occupies about 1000 sq ft. All of the desks and the fixtures are like new. The copier is leased for $138 per month and the Buyer will assume this lease at closing. The base monthly rent is $1,379 plus NNN charges of $833 per month. The Lease runs till 08/31/2008 and has a 3 year option to extend the term. |
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| Potential
Growth/Expansion:
The Seller is basically an absentee owner; she only puts in about 4 hours a week, in administrative work. She has done some advertising in local papers but really not promoted the business to its fullest potential. There are many grade schools, Jr. High's, and High schools in the area with students that need help. There are also PTA groups that would welcome the chance to promote a business like this. There is a huge upside to this business and the demographics lend themselves in this area to the success of this business. |
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| Competition:
There is very little competition for this particular segment of tutoring. Mathnasium has developed an exclusive integrated learning system that focuses just on the math part of education. Mathnasium also custom designs its programs for the individual students. Unlike the other tutoring schools, Mathnasium focuses on just one subject not a multitude of subjects. |
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| Owner
willing to finance:
Cash or Bank Financing |
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| Owner
willing to train:
The Franchisor, Mathnasium, provides an intensive one week training course in Los Angeles, CA and the Seller will provide an additional 2 weeks of on site training on the day to day operation of the business. |
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| Reason for selling:
Seller is retiring |
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Seller Reference Number: hfngMath
BusinessMart.com Listing Number: 38755 |
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