NCListing DetailsOffice ID: MATHNAS1
Status: Under Contract
Listing Broker: George Bradbury
Listing Price: $74,900
Gross Revenue: $120,000
12 Month Forecast: $150,000
Inventory Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller Financing Available
Reason for Sale:Relocation
Training:You are set up for success by attending in-depth online and in person training hosted by the Mathnasium home office in Los Angeles. The current owner will also provide 1 month (up to 80 hours) transition assistance to teach you how to manage a center; how to recruit and hire exceptional employees; how to schedule staff and do payroll, how to advertise, and when to promote.
OperationsYear Established: 2015
Last Acquired: 2018
Form of Ownership: LLC
Employees (contractors): 4
Business Hours: M to F 1 to 8
Business Description:This Mathnasium franchise was opened in 2015 and purchased by the current owner in the summer of 2018. The center takes pride in providing excellent math instruction to the community and customer satisfaction. Mathnasium is an after-school learning center dedicated to providing math tutoring to children. With 900+ locations, Mathnasium is expanding across America and around the world. Mathnasium has become one of the fastest-growing educational franchises in the world. It has a unique teaching method designed to make math make sense to kids. Mathnasium is the perfect business opportunity for any potential buyer. This is a high growth & meaningful educational business opportunity.
Historical Summary:The Mathnasium has been opened for over 3 years. It is located in a very safe, popular and highly visible shopping center with plenty of parking. The center is fully furnished and has the capability to hold 50 students at one time. Mathnasium provides proprietary curriculum (grades K -12), math learning material, assessments, and student management system for the franchisee where the curriculum and learning material has been developed for over 30 years.
Owner Qualifications:The buyer should enjoy helping students learn and have a working knowledge of business, marketing and accounting.
Competition:Supplemental education is on the rise as pressure to not only pass, but excel in math is being applied to students and families. Mathnasium's unique and flexible education and tutoring methods speaks to families because we are able to teach students math in a way that makes sense to them. After a few short months attending Mathnasium, students not only gain a fundamental understanding of math, but confidence that has impact on all areas of their lives.
Potential Growth:This business is ready for growth. You will have access to a personal business consultant provided by Mathnasium headquarters to help you understand the market and leverage a wide array of tools to increase student enrollment.
LocationType of Location: Strip Center
Lease Expires: Aug 31, 2021
Option: 3 year
Monthly Rent: $1,775
Square Footage: 1500
This center space has 1,500 sq. ft. included are tables, chairs, Nest videos cameras, employee refrigerator and 3 printers. The space has two bathrooms, teachers supply room and a center directors office.The center is well equipped with the latest posters, banners and marketing event supplies.
Franchise Renewal Date: Sep 6, 2023
Royalty %: 10
Tech Fee %: $110
Avert Co-op %: 2
Franchise Transfer Fee: $7,000
--Paid By: Buyer
Training Fee: $3,000
--Paid By: Buyer
Last Updated: Oct 20, 2019 / 10:16 AM
Financial Information Current as of: Dec 18, 2018 / 8:59 AM