Mathnasium Learning Centers Franchise Cost & 2026 FDD Data
90/100
Strongest tier
90 this brand55 Education medianlikely 86–94 (high confidence)
Higher is better · an editorial assessment, not investment advice
#53 of 3,068 graded brands
Why an A: Helped by financial health, scale, legal record and transparency. See all six factors
- Total investment
- $127K – $166K
- Avg gross sales
- $385K
- 914 outlets reporting; not profit
- SBA charge-off
- 2.6%
1 in 38 SBA 7(a) loans to Mathnasium Learning Centers owners charged off (1 of 38 resolved loans, approved since FY1991); Education median 11.9%. Loans approved FY2014–FY2019: 1 of 35 resolved loans charged off (2.9%); newer loans have not had time to default, so this is not a trend.
Data from the FDD filing + SBA 7(a) records. Analysis by FranchiseVerdict · Methodology · Website · Report an error · Franchisor? Claim this listing
FranchiseVerdict summary · 2026 FDD
Per the 2026 FDD, a Mathnasium Learning Centers franchise requires a total initial investment of $127K – $166K, including a $49K franchise fee. Once open, the ongoing royalty is 10.0%. Per the 2026 FDD, average gross sales were $385K (914 outlets reporting; gross sales, not profit). SBA 7(a) loans show a 2.6% charge-off rate on 38 resolved loans. Verdict grade: A (Strongest tier), an editorial assessment, not investment advice.
Sources: 2026 FDD · SBA 7(a) loan records (FOIA) · What one unit could make and lose →
Sources, dates and evidence
FDD issued: · Last cited check: · Staleness risk: low (issued within the last 12 months)
Evidence for the headline figures: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored7 of 7 headline figures on this page cite a page of the filing.
Overview
Quick verdict · vs Education median
Top edge: green = better than the Education median by more than 10%, red = worse by more than 10%, gray = within 10% or no benchmark. Source: FDD filings + SBA 7(a).
Data from public FDD filings and SBA records. Methodology
Bottom line
- RETURNSAverage gross sales of $385K/year (outlet median $326K; 914 outlets reporting; gross sales, not profit).
- GROWTHIn the latest Item 20 year, the number of franchised outlets grew by 48 (63 opened, 15 closed).
- SCALEEstablished system with 1,047 units across 23 years of franchising. Strong brand recognition and operational playbook.
AT STAKEThe filing's operating profit for the average Covered Centers - P&L expenses and operating profit (Table 2) outlet, less the franchisor's fees: $117K a year.After an assumed loan payment: about $98K, before tax and the costs the filing's line leaves out.You put in about $29K of your own cash and personally guarantee a $117K loan. Assumptions are labeled in Sales; not investment advice.See what one unit could make and lose
Things to check before you sign (1)
- The franchisor keeps the right to compete inside your territory (Item 12, territory).
Checked and clear: no auditor doubt that the franchisor can keep operating, no pending lawsuit naming the franchisor, SBA charge-off rate 2.6%, below the 11.9% category median, no supplier rebates to the franchisor and the full filing on file, and an Item 19 average from 914 units. Not on file here, so ask: unit trend, jury-trial waiver and owner-operator rule.
What to do next
Step 1: Read the FDD itself.
Free: the franchisor must give it to you at least 14 days before you sign or pay. Or look it up in a state registry (Wisconsin, Minnesota, California). What to read first.
Step 2: Talk to current and former owners.
Free: Item 20 of the FDD lists every current owner and those who left last year, most with a phone number. Questions to ask.
Shortcut: the Mathnasium Learning Centers owner list as a CSV, in the Contacts section.
Step 3: Talk to an SBA lender.
Free: the SBA's Lender Match, or the lenders already lending to this brand in the SBA section. Ask what you would personally guarantee and what the monthly payment would be. If you plan to use retirement savings, ask a CPA about the rules for that first.
Step 4: Have a franchise attorney review the FDD and agreement.
Free: your state bar's lawyer referral service can name franchise lawyers, and many offer a short first consultation. Bring the checks listed above.
Research steps, not investment or legal advice.
Can you afford it, and what does the money buy?
Entry cost (the Item 7 midpoint) is 22% below the Education median ($188K).
Source: FDD 2026 · Items 5–7 (fees and startup costs)
Do you qualify? The filing states no minimum net worth or liquid capital. Ask Mathnasium Franchisor LLC (Item 1: 5120 West Goldleaf Circle, Suite 400, Los Angeles, California 90056) and your lender what they require, and keep living costs for the first year outside the deal.
Full Item 7 breakdown13 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $49K | $49K | |
| Expenses While Training | $2.5K | $3K | |
| Technology Fee | $266 | $1.6K | |
| Rent (1st and last month's rent) | $6K | $14K | |
| Paint, Carpet and Tenant Improvements | $8K | $14.5K | |
| Furniture, Signs, Equipment and Supplies | $17K | $25K | |
| Insurance | $1.5K | $1.75K | |
| Business License, Name Registration | $250 | $1K | |
| Professional Services (Legal and/or Accounting) | $1.3K | $2K | |
| Phone and Utilities | $500 | $1K | |
| Video surveillance and related equipment | $500 | $2.5K | |
| Pre-Open Advertising | $5.5K | $5.5K | |
| Additional Funds (4 Months) | $35K | $45K | |
| Total initial investment | $127K | $166K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. The total row is the total as printed in Item 7. Actual costs may fall outside this range depending on market and build-out scope.
Item 6 · what you pay once you are open
Ongoing fees
| Fee | Amount |
|---|---|
| RoyaltyPercentage of sales; paid monthly (Item 6). Minimum: Base Royalty of $650/month per franchisee (additional $650/month per Base Royalty Acquisition), separate from the percentage/minimum royalty above | 10.0% of gross sales |
| Technology feeTechnology License Fee currently $266/month per Mathnasium Center, covering use of the proprietary "Radius" system | $266/month |
| Transfer fee | $7,000 |
| Renewal fee | $7,000 |
What do units actually make?
Average gross sales are near the Education median ($427K).
Source: FDD 2026 · Item 19 (sales and earnings)
Items 6 (other fees), 7 (startup costs) and 19 (sales and earnings) · assumptions labeled
What you could make and lose: one unit
Mathnasium Learning Centers' Item 19 operating-income line, less what it leaves out, for the average and the weakest group, then the money you would put at risk. The grade compares Mathnasium Learning Centers with other brands; this box asks whether one financed unit pays you, so the two can point different ways.
| Per year | Average, Covered Centers - P&L expenses and operating profit (Table 2)n=914 · FDD p.61 |
|---|---|
| Gross sales, average | $385K |
| Operating Profit | $117K30.4% of sales |
| After the franchisor's fees | $117K |
| Loan payment Assumption | -$19K |
| Left before tax and the costs below | $98K |
Not deducted above: owner or manager pay, and any other cost the filing's notes to this table say it leaves out (Item 19, FDD p.61); read them before relying on the last row.
How these figures are worked out
- Where each row comes from: Gross sales, average: Item 19; Operating Profit: Item 19, the filing's own line; Loan payment (assumption): loan on the Item 7 midpoint.
- The filing's line is before owner or manager pay; after royalty, ad fund and rent. The filing does not say whether it is after debt service and depreciation. The rows under it subtract the royalty and the ad fund at the Item 6 rates on each group's own gross sales, then an assumed loan payment.
- Loan (assumption): 80% of the $147K Item 7 midpoint is a $117K loan, paid over 10 years at 10.5%: $19K a year. SBA 7(a)-style terms on a long-term rate; your lender sets yours. Mathnasium Learning Centers' past SBA 7(a) loans averaged 8.3% at approval; 7(a) rates move with the prime rate, so 10.5% is a current-rate assumption, not this brand's history.
What you put at risk
Your own cash in: about $29K Assumption (the part the loan does not cover of the $147K Item 7 midpoint), plus whatever anything Item 7 leaves out (its notes say what). The loan is $117K.
Personal guarantee. SBA 7(a) loans require a personal guarantee from anyone who owns 20% or more of the business. If the unit cannot pay, the lender can collect from you personally, which can include your savings and your home. The worst case is losing the cash you put in and still owing the rest of the loan.
Gross sales are not profit, and none of these figures is take-home pay until tax and the costs the filing’s line leaves out are paid. The assumptions are ours, not the filing's. Not investment advice.
Returns modelOne unit · several units · editable
One unit
One unit: what is left after the loan payment
Gross sales, minus the franchisor's fees and the operating costs, is the unit's EBITDA (earnings before interest, taxes, depreciation and amortization). Minus an assumed loan payment, that is what is left for you, before tax. Gross sales are not profit.
This brand's Item 19 does not print cost lines. Enter your own from a lease quote, a payroll plan and calls with current owners. Invested capital is the Item 7 total, which already includes its working-capital (additional funds) line.
Returns model · one unit
What would one Mathnasium Learning Centers unit leave you each year after the loan payment?
Item 19 reports $384,874 per unit.
Gross sales, not profit: the costs below decide what is left.
The filing also sets a minimum or cap on these fees: “Base Royalty of $650/month per franchisee (additional $650/month per Base Royalty Acquisition), separate from the percentage/minimum royalty above”; “10% of monthly Gross Receipts; beginning in the 24th month of Center operation, the greater of the 10% royalty or a $1,500 minimum monthly royalty. Plus a separate $650/month Base Royalty (per franchisee, not per Center) beginning 6 months after signing the first Franchise Agreement.” (Item 6). This model applies the percentages, so at low sales the real fee can be higher than shown here.
This brand's Item 19 does not print cost lines. Enter your own from a lease quote, a payroll plan and calls with current owners.
Illustrative category typicals, not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Item 7 midpoint of $127K to $166K
Item 7's $35K to $45K additional funds are already in the total
Left after the loan payment · per year
The unit's EBITDA minus the assumed loan payment. Before tax, depreciation and any cost your inputs leave out (insurance, accounting and legal, licenses, technology fees): not take-home pay.
Gross sales are not profit. Neither the filing nor a stated assumption on this page supplies ad fund rate, direct costs, labor, rent / occupancy and other operating costs. Enter your own (a lease quote, owner calls) and the model runs on it.
Loan of $117K at 10.5% over 10 years, an assumption, not a quote. Return and payback are before tax, depreciation and the costs above. The loan usually needs your personal guarantee.
Buying several existing units? The acquisition scenario
Buying several units
What buying a few existing units could return
Prices an existing operator of a few units off the single-unit EBITDA above, after shared services, and finances it with an SBA 7(a) loan, a conventional loan and a seller note. It shows the yearly return on your cash (IRR), whether year-1 earnings cover the loan payments (DSCR) and how the price is paid for. It starts at 5 units; every deal term is an assumption you can change, and none is from the FDD.
Not modelled yet
Gross sales are not profit. Neither the filing nor a stated assumption on this page supplies ad fund rate, direct costs, labor, rent / occupancy and other operating costs. Enter your own (a lease quote, owner calls) and the model runs on it.
This scenario starts from a per-unit EBITDA. Fill in the operating costs in the one-unit model above and it runs on that figure, or take it to the full ROI workbench, where the multi-unit and acquisition models accept your own per-unit economics.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD · filed by Mathnasium Franchisor LLC
Financial performance
- Range (low → high)
- $67K→$1.5MSource: 2026 FDD, page 60
- Cohort dispersion (min → max)
- Top and bottom 25%
- $176K→$693K
- Average of the bottom 25% (229) → average of the top 25% (229), by sales
Percentile ranks within Education
Each rank is among the Education brands that report that figure (the count is under each bar).
Item 19 · 5 groups · FDD p.61
Item 19 by group
The 2026 filing reports gross sales for 5 groups of outlets. The headline average on this page is the “Covered Centers - P&L expenses and operating profit (Table 2)” group (914).
| Group | n | Average | Median |
|---|---|---|---|
| Covered Centers - P&L expenses and operating profit (Table 2)headline above | 914 | $385K | $326K |
| Top 1/4 - 2025 Gross Receipts, centers open 12+ months (Table 1)Top 25% by sales | 229 | $693K | $636K |
| Mid-Upper 1/4 - 2025 Gross Receipts, centers open 12+ months (Table 1)Middle 25% by sales | 228 | $391K | $391K |
| Mid-Lower 1/4 - 2025 Gross Receipts, centers open 12+ months (Table 1)Middle 25% by sales | 228 | $278K | $275K |
| Bottom 1/4 - 2025 Gross Receipts, centers open 12+ months (Table 1)Bottom 25% by sales | 229 | $176K | $183K |
Costs and operating profit, as the filing prints them
The filing's “Operating Profit” is before owner or manager pay; after royalty, ad fund and rent. The filing does not say whether it is after debt service and depreciation. Gross sales are not profit, and this line is not take-home pay: what it leaves out still has to be paid.
The cost lines for 1 groups (FDD p.61)
| Line, as the filing names it | Covered Centers - P&L expenses and operating profit (Table 2)n=914 |
|---|---|
| Average gross sales | $385K |
| Instructor Payroll | $79K |
| Office Supplies & Furniture | $9K |
| Total Variable Expenses | 37.70%$145K |
| Rent | $49K |
| Royalties & Marketing Fees | 17.40%$67K |
| Operating Profit | 30.40%$117K |
vs Education medians
How Mathnasium Learning Centers compares
Category median of published Education brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Who are you contracting with?
Mathnasium Franchisor LLC, owned by Mathnasium Funding LLC.
Item 21 (audited financials) · audited statements · 2026 FDD
The franchisor's own finances
The franchisor related companies owe it $194K, 0% of its assets. A franchisor that keeps little of its own profit has less of a cushion if the system has a bad year; ask how support and the ad fund are funded.
The figures, with their pages
- Net income
- $40.9Mlatest year · FDD Item 21
- Owed by related companies
- $194K0% of total assets (our arithmetic) · FDD p.125
- Total assets
- $346.9MFDD Item 21
- Equity
- $338.4MFDD Item 21
Item 1 (the franchisor) · who you're contracting with
The franchisor
Corporate structure & franchisor financials
- Legal entity
- Mathnasium Franchisor LLC
- Parent company
- Mathnasium Funding LLC
- FDD Item 1, page 8 of the 2026 FDD
- Ultimate parent
- Mathnasium Holdings, LLC (majority owned by Roark Capital Management, LLC affiliate)
- FDD Item 1, page 8 of the 2026 FDD
- Predecessor
- Mathnasium Center Licensing, LLC (MCL)
- Prior franchisor entity
- CEO title
- Chief Executive Officer
- Tyler Sgro
- Incorporated in
- Delaware
- HQ
- 5120 West Goldleaf Circle, Suite 400, Los Angeles, California 90056
- Auditor
- PricewaterhouseCoopers LLP
- Audited financials
- Franchisor revenue
- $53.4M
- latest fiscal year in the 2026 FDD; $18.2M the year before
Same owner · FDD Item 1, page 8
Portfolio: Roark Capital (private-equity sponsor)
Grouped by the owner's name as each filing prints it (this page: the 2026 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.
Overview
About
Franchisor of Mathnasium learning centers providing supplemental math instruction to children ages 4-17 using the Mathnasium Method, delivered at after-school learning centers.
- CEO
- Tyler Sgro
- Franchised outlets in
- 45 states and territories
- Item 20 Table 3, at year end
Is the system healthy?
Source: FDD 2026 · Item 20 (outlets opened, closed and transferred)
Item 20 (outlet counts) · unit dynamics
The growth chart
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
Last fiscal year · Item 20 rates and pipeline
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 93
- 1 for every 11 open outlets · Item 20 Table 5
- Projected new
- 93
- Franchisor's next-year forecast
Item 20 · latest year
In 2025: 63 opened, 15 closed
Source: FDD Item 20. Multi-year history is not disclosed in this brand's FDD.
Item 20 (outlet counts) Table 3 · franchised outlets at year end
Where current outlets are
Franchised outlets at year end by state, as the filing's Item 20 Table 3 counts them. Not a list of where the franchisor may sell new units.
Current outlets (count on the tile) · 44 states and DCNo current outlet
1,043 franchised outlets at year end in 45 states (Item 20 Table 3).
Government records
SBA loan data
Lenders charged off 2.6% of 38 resolved SBA 7(a) loans, below the 11.9% category median. 7(a) is the SBA's main small-business loan; a resolved loan was paid in full or charged off.
- Loans on file
- 85
- SBA 7(a) loans matched to this brand, incl. those still being repaid
- Loan volume
- $13.9M
- Average loan
- $164K
- loan volume divided by loans
- Charge-off rate
- 2.6%
- 1 of 38 resolved loans
- Paid in full
- 97.4%
- of resolved loans
- Charge-off, loans approved FY2014–FY2019
- 2.9%
- 1 of 35 resolved loans; newer loans have not had time to default, so this is not a trend
- Lenders
- 44
- Average interest rate
- 8.3%
- Jobs reported
- 1,006
- Lender concentration
- 15%
- top lender's share
Cumulative: every 7(a) loan matched to this brand in the SBA’s FOIA files, approved FY1991 onward. Historical lending data, not predictive of future performance. How SBA charge-off rates are calculated
Benchmark: the median Education brand charges off 11.9% (21 brands with a published rate, same cumulative window and source). This brand is 9.3 points below it.
Borrower mix: of 60 loans with a business-age entry, 57 recorded an age: 28 (49%) went to startups or businesses under two years old and 29 (51%) to established businesses or ownership changes; 3 were marked unanswered.
The approval-year breakdown covers 35 of the 38 resolved loans and 1 of the 1 charge-offs (FY2014 to FY2019).
SBA 7(a) · charge-off rate by approval year
Mathnasium Learning Centers charge-off rate by loan approval year
None of these 6 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2014 | 4 | 0 | Too few |
| 2015 | 5 | 0 | Too few |
| 2016 | 6 | 0 | Too few |
| 2017 | 8 | 0 | Too few |
| 2018 | 8 | 0 | Too few |
| 2019 | 4 | 1 | Too few |
Source and method
Explore lender portfolios on Bank Reports or regional data on State Reports.
Full SBA lending reportlenders · charge-off rate · trend
Lender network · SBA 7(a)
SBA Lending Report
Lender, state and yearly detail for Mathnasium Learning Centers from SBA 7(a) FOIA loan records.
- Average SBA guarantee
- 73%
- Average interest rate
- 8.3%
- Lender concentration
- 15%
- Jobs reported
- 1,006
Top 10 SBA lenders by loan count
| Loans | Volume | Charge-off |
|---|---|---|
| JPMorgan Chase Bank, National Association | ||
| 13 | $1.5M | Not on file |
| BayFirst National Bank | ||
| 7 | $938K | Not on file |
| Celtic Bank Corporation | ||
| 5 | $587K | Not on file |
| Stearns Bank National Association | ||
| 4 | $414K | Not on file |
| Zions Bank, A Division of | ||
| 4 | $443K | Not on file |
A lender’s rate counts only its resolved loans, the loans that have finished (paid in full or charged off); a 0.0% often means few of its loans have finished. Under 10 resolved loans, the rate reads “Too few”.
Charge-off rate by state (top 10 by loans)
| State | Loans | Charged off | Rate |
|---|---|---|---|
| CA California | 18 | 0 | 0.0%10 resolved |
| FL Florida | 9 | 1 | Too few6 resolved |
| CT Connecticut | 6 | 0 | Too few3 resolved |
| TX Texas | 6 | 0 | Too few4 resolved |
| CO Colorado | 4 | 0 | Too few0 resolved |
| IL Illinois | 4 | 0 | Too few1 resolved |
| MD Maryland | 4 | 0 | Too few3 resolved |
| NV Nevada | 4 | 0 | Too few1 resolved |
| OK Oklahoma | 4 | 0 | Too few0 resolved |
| NY New York | 3 | 0 | Too few2 resolved |
Rate: charged-off loans over resolved loans (paid in full plus charged off), shown from 10 resolved loans. "Too few": under 10 resolved. The Loans column counts every approval in the window, including loans still being repaid.
SBA 7(a) loans approved per year
Borrower profile
The SBA's own business-age labels (6)
Source: SBA 7(a) FOIA loan-level data, matched to the brand by FranchiseVerdict.
What are the risks?
SBA loans charge off at 2.6% on 38 resolved loans, below the Education median of 11.9% (21 brands).
Source: SBA 7(a) FOIA · FDD Items 3, 21
Verdict grade + FDD Items 3 (litigation), 4 (bankruptcy), 8 (required suppliers), 16 (what you may sell), 21 (audited financials)
Risk and legal
Grade A: Strongest tier, 90/100 (category median 55); the full grade is at the top of the page.
How the grade is built
Why an A, factor by factor
- Financial health HelpsAudited financials; no going-concern doubt; franchisor net income positive
- Unit economics NeutralAvg gross sales $385K on a $147K investment midpoint, 2.6x (gross sales, not profit)
- Unit growth NeutralTurnover 1.4%
- Scale Helps1,043 franchised units, +4 company-owned (1,047 in all); franchising since 2003
- Legal HelpsNo litigation naming the franchisor in Item 3
- Transparency HelpsItem 19 discloses financial performance; audited financials
- Adjustments after the six dimensions (+5 points)SBA loan record: the SBA charge-off rate (2.6% on 38 resolved loans) is between 2% and 5%, a range the score counts in a brand's favour, so it added 5 points.
From the six scored dimensions, an editorial assessment, not investment advice. How the score is built
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
All 4 disclosed matters involve Affiliated Programs (Arby's/ARG, Dunkin'/DBI x2, Jimmy John's Franchisor SPV) rather than Mathnasium itself: 2019 multistate AG no-poach settlements against ARG and DBI; 2019 NY AG data breach consent order against DBI ($650,000 penalty); 2025 Maryland Securities Commissioner consent order against Jimmy John's Franchisor SPV ($30,000 penalty) for FDD contact-info omission. No litigation against Mathnasium/MCL disclosed.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · PricewaterhouseCoopers LLP
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Franchisor takes supplier rebates: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Litigation case detail4 matters · Item 3
Litigation cases
Parent, affiliates, master franchisor and subfranchisor
Concluded (4)
New York v. Dunkin’ Brands, Inc.
concludedGovernment or regulatory action · Dunkin Brands, Inc. · filed 2019-09-26 · N.Y. Supreme Court for New York County · 451787/2019
“… (N.Y. Supreme Court for New York County, Case No. 451787/2019, filed September 26, 2019). In this matter, the N.Y.”Page 21 of the 2026 FDD, Item 3
Outcome: “On September 21, 2020, without admitting or denying the NYAG’s allegations, DBI and the NYAG entered into a consent agreement to resolve the State’s”
The People of the State of California v. Arby’s Restaurant Group, Inc.
concludedGovernment or regulatory action · Arby’s Restaurant Group, Inc. · filed 2019-03-19 · California Superior Court, Los Angeles County · 19STCV09397
“… (California Superior Court, Los Angeles County, Case No.”Page 20 of the 2026 FDD, Item 3
Outcome: “Under the settlement agreement, ARG paid no money but agreed (a) to remove the disputed provision from its franchise agreements”
The People of the State of California v. Dunkin’ Brands, Inc.
concludedGovernment or regulatory action · Dunkin Brands, Inc. · filed 2019-03-19 · California Superior Court, Los Angeles County · 19STCV09597
“… (California Superior Court, Los Angeles County, Case No. 19STCV09597, filed on March 19, 2019.) On”Page 20 of the 2026 FDD, Item 3
Outcome: “the action was closed after the court approved the parties’ stipulation of” (page 21)
In the Matter of Jimmy John’s Franchisor SPV LLC
concludedGovernment or regulatory action · Jimmy John’s Franchisor SPV LLC · Securities Commissioner of Maryland · 2025-0122
“… (Securities Commissioner of Maryland, Case No. 2025-0122).”Page 21 of the 2026 FDD, Item 3
Outcome: “Commissioner and JJF entered into a Consent Order on June 9, 2025. Under the terms of the Consent Order, JJF agreed to pay a $30,000 civil monetary”
Item 3 lists the litigation the franchisor must disclose; a matter against a parent, an affiliate or a named officer is not a matter against the franchisor, and pending claims are allegations, not findings.
What are you signing up for?
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12 (territory), 15 (owner participation) and 17 (renewal, termination and disputes)
Contract and territory detail
| Protected territory | Yes |
|---|---|
| Exclusive territory | No |
| Territory population | 2,500 |
| Franchisor can compete | Yes |
| Non-compete (years) | 1 year |
| Non-compete (miles) | 25 mi |
| Right of first refusal | Yes |
| Transfer requires consent | Yes |
| Termination notice | 10 days |
| Termination grounds | 13 |
| Mandatory arbitration | Yes |
| Arbitration location | Los Angeles County, California (franchisor's headquarters county) |
| Governing law | Delaware |
Items 5 (initial fees), 7 (startup costs), 12 (territory) and 20 (outlet counts) · development agreement
Area development (several units)
The filing offers a development agreement for several units. If you miss the schedule, the development agreement can be ended.
Every term, with its page
- If you miss the schedule
- The development agreement can be ended.
2026 FDD p.48
“If you breach the Development Agreement for any reason other than your failure to open and operate Mathnasium Centers in accordance with the Development Schedule, we may terminate the Development Agreement and/or any franchise agreement between you and us.” - Signed, not yet open
- 93 franchises sold but not open at year end (Item 20, Table 5; see Growth). Ask how long they have been waiting and why.
Each unit still needs its own Item 7 investment on top of the development fee. Have a franchise attorney read the schedule and the default terms before you sign.
Items 10 (financing), 11 (training and support)
Training and operations
- On-the-job training
- 44 hrs
- Ongoing training
- Required
- Site selection
- Franchisor reviews and accepts/rejects franchisee-proposed sites
- Franchisor financing
- Offered
- Item 10
- POS system
- Radius
- Operating tech stack
Items 5 (initial fees) & 11 (training and support)
Franchisor support
Item 20 (outlet counts) · call current owners
Franchisee contacts
Who can you call before you sign?
879 current outlets listed
Records carry a phone number, city and state (city on 878 of 879). No franchisee names. 879 records. From the filing's Item 20 (the outlet list); the FDD itself is the free source. Our list covers 879 of the 1,043 franchised outlets Item 20 counts at year end; the owner exhibit prints the rest without a usable phone number, or omits them.
For your own due-diligence calls only. Not for telemarketing, marketing lists, or automated or prerecorded calls or texts.
One-time · CSV download · full refund within 7 days if the data does not match the FDD. Some numbers, especially for former owners, may be outdated.
Frequently asked questions
How much does it cost to open a Mathnasium Learning Centers franchise?
Per the 2026 FDD, the total investment to open a Mathnasium Learning Centers franchise ranges from $127K to $166K, with an initial franchise fee of $49K. This is the Item 7 total in the Franchise Disclosure Document (FDD): the startup costs the franchisor lists, such as build-out, equipment, inventory and working capital. It usually leaves out buying land or a building; Item 7's notes say what is excluded.
What do Mathnasium Learning Centers franchise owners earn?
According to Item 19 of the Mathnasium Learning Centers FDD, average gross sales were $385K (914 outlets reporting; gross sales, not profit). The median is $326K. The filing also prints that group's operating profit: $117K (30.4% of sales), before owner or manager pay; after royalty, ad fund and rent. The filing does not say whether it is after debt service and depreciation. It is not take-home pay. What an owner keeps depends on location, operating costs and management.
Who owns Mathnasium Learning Centers?
Mathnasium Learning Centers is franchised by Mathnasium Franchisor LLC. Its parent company is Mathnasium Funding LLC. The ultimate parent named in the FDD is Mathnasium Holdings, LLC (majority owned by Roark Capital Management, LLC affiliate). Source: FDD Item 1, 2026 filing.
What is Item 19 in the Mathnasium Learning Centers FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Mathnasium Learning Centers FDD and qualifies whose outlets they describe.
What is Mathnasium Learning Centers' franchise failure rate?
There is no published franchise failure rate. What is measurable is Mathnasium Learning Centers' SBA charge-off rate: 2.6% on 38 resolved loans. Put plainly: 1 in 38 SBA 7(a) loans to Mathnasium Learning Centers owners charged off (1 of 38 resolved loans, approved since FY1991); loans approved FY2014–FY2019: 1 of 35 resolved loans charged off (2.9%); newer loans have not had time to default, so this is not a trend. The SBA charge-off rate is the share of a brand's resolved SBA 7(a) loans to its franchisees that the SBA wrote off, including purchased guarantees. Resolved means paid in full or charged off; active loans are excluded because their outcome is not yet known. It is a lending outcome, not a count of closed businesses. A franchisee can repay and close, or default and keep trading.
How many Mathnasium Learning Centers franchise locations are there?
Per the 2026 FDD, Mathnasium Learning Centers has 1,043 franchised units and 4 company-owned (1,047 in all). In the latest year, the number of franchised outlets grew by 48 (63 opened, 15 closed).
Is Mathnasium Learning Centers a good franchise to buy?
FranchiseVerdict gives Mathnasium Learning Centers an A Verdict grade (Strongest tier) with a verdict score of 90 out of 100 (higher is better), an editorial assessment, not investment advice. Helped by financial health (audited financials), scale, legal record and transparency. The “Why an A” section on this page lists all six dimensions and any adjustment. Speak with current franchisees before making any investment decision.
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This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.