Mathnasium Business Model Works For Students and Franchisees With Multiple Programs and Delivery Platforms
Aug 28, 2020
For students struggling with math, Mathnasium Learning Centers can be a life-changing resource. Now in the “new normal” of Covid-19 life, the growing Los Angeles-based franchise with over 1,000 locations offers math students even more resources and fresh new ways to access the materials. Add it all up and you have a concept that can survive any market forces – including the ravages of a pandemic like Covid-19.
Mathnasium is North America’s leading math-only supplemental education franchise. The growing company has doubled in size over the past five years and is the leader in the global private tutoring market that is projected to exceed $272 billion by 2024. Its 18 years of hands-on instruction and resources in addition to its 4 decades of developing and honing its teaching and learning methods have provided students with the foundational knowledge and skills to be successful in mathematics. It’s well-documented that students who attend a Mathnasium Learning Center regularly boost their grades and scores, learn critical-thinking and problem-solving skills, and gain self-confidence.
When the pandemic arrived in America last spring, Mathnasium’s leadership team was ready for the challenge. Executives sped up the launch of the latest product, [email protected] This new web-based math tutoring service took three years to develop and provides the math training students need and offers new revenue streams for franchisees forced to temporarily pause in-person instruction. Mathnasium saw the changing market needs and embraced online learning and utilized a variety of tools to do so. Beyond the successful @home service, the brand also offered unique daily Facebook Live group sessions for kids as well as all kinds of free online links, resources, and videos to students.
Now with fall school on the horizon along with continued shutdowns and delayed starts, Mathnasium is once again set to be the go-to solution for math learning. “Many parents are scared, they don’t know if and when to send their kids back to school,” says Renold Rose, Mathnasium’s Senior Director of Marketing. “Our model allows students to conveniently learn from home or at our centers where extensive sanitization, health and safety precautions are implemented in order to allow for a more worry-free learning environment.”
And no matter what ways parents and kids choose to learn, Mathnasium’s personalized, proprietary curriculum and expert instruction will continue to be available in multiple platforms.
Mathnasium’s embrace of technology and innovation have made it a resilient brand with a diverse array of unique learning tools and services. “It’s a brand that people want to be a part of,” says Chris Davenport, Mathnasium’s Vice President of Franchise Development. “Despite Covid-19, we still have very strong interest from candidates desiring to become franchisees with a thriving brand like ours. This interest is garnered from our well-balanced business model, protected territories, opportunities for multi-unit ownership and an overall goal to help the next generation develop strong foundational math skills that will last a lifetime.”
Purchasing a Mathnasium franchise offers owners a great balance between investment and opportunity. It also allows you to be your own boss, while improving the lives of children. Best of all, you don’t need a business or math background to be successful with Mathnasium. And you’re teaming up with a brand that provides extensive support and ongoing training to its operators. You can think of it as making a living to make a difference.
Mathnasium is the world’s leading math-only education franchise. Its centers, curriculum, and professionals teach math so that children understand it, master it, and love it. The brand’s patented curriculum has transformed the lives of thousands of children from grades 2 through 12 since its launching in 2002. Today there are more than 1,000 Mathnasium centers worldwide. The brand is ranked No. 7 on Top 100 Franchises for Less Than $150,000 (Top Low-Cost Franchises) and is the highest-ranking educational franchise on the Top Low-Cost list.