Highlights
- Opening one unit is estimated at $127,316 to $165,846, including a $49,000 initial fee.p.30
- Mathnasium discloses unit performance in Item 19.p.60
- The system went from 954 outlets at the start of 2023 to 1,047 at the end of 2025, a net gain of 93.p.65
- In 2025, closures of all kinds equalled 1.5% of the outlets open at the start of the year.
- Item 3 discloses 0 matters.p.20
Tools, from this filing's numbers
Cash you would need to open
The filing's Item 7 range, $127,316 to $165,846, is an estimate for one unit including only its first months. Slide between the low and high cases and add the months of runway you want beyond that.
Monthly operating cash is taken as one-twelfth of your weekly-sales figure above times 52 (set to $15,000 a week here), a placeholder for rent, labor and food until you have your own budget.
Where the units went in 2025
Every outlet that opened, and every one that left, drawn from Item 20 Table 3 to scale.p.71
Total outlets, 2022 to 2025
Compare Mathnasium with another brand
Side by side, every figure cited.
Fees (Items 5 and 6)
| Initial franchise fee, standard | $49,000 | p.22 |
| Royalty | not stated | |
| Advertising fund | not stated | |
| Technology fee | $266 per month per Mathnasium Center | p.25 |
The filing lists every recurring and conditional fee in Item 6. The report carries all of them.
Estimated initial investment (Item 7)
| Expenditure | Low | High | |
|---|---|---|---|
| Expenses While Training | $2,500 | $3,000 | p.29 |
| Technology Fee | $266 | $1,596 | p.29 |
| Rent (1st and last month's rent) | $6,000 | $14,000 | p.30 |
| Paint, Carpet and Tenant Improvements | $8,000 | $14,500 | p.30 |
| Furniture, Signs, Equipment and Supplies | $17,000 | $25,000 | p.30 |
| Insurance | $1,500 | $1,750 | p.30 |
| Business License, Name Registration | $250 | $1,000 | p.30 |
| Professional Services (Legal and/or Accounting) | $1,300 | $2,000 | p.30 |
| Phone and Utilities | $500 | $1,000 | p.30 |
| Video surveillance and related equipment | $500 | $2,500 | p.30 |
| Pre-Open Advertising | $5,500 | $5,500 | p.30 |
| Additional Funds (4 Months) | $35,000 | $45,000 | p.30 |
| Total | $127,316 | $165,846 | p.30 |
Revenue (Item 19)
Mathnasium reports average and median annual Gross Receipts for January 1, 2025 through December 31, 2025.p.60 What the figure measures, which units were excluded and what it leaves out are in the report.
Units (Item 20)
| Type | Year | Start | End | Net | |
|---|---|---|---|---|---|
| franchised | 2023 | 951 | 968 | 17 | p.65 |
| company owned | 2023 | 3 | 4 | 1 | p.65 |
| total | 2023 | 954 | 972 | 18 | p.65 |
| franchised | 2024 | 968 | 995 | 27 | p.65 |
| company owned | 2024 | 4 | 4 | 0 | p.65 |
| total | 2024 | 972 | 999 | 27 | p.65 |
| franchised | 2025 | 995 | 1,043 | 48 | p.65 |
| company owned | 2025 | 4 | 4 | 0 | p.65 |
| total | 2025 | 999 | 1,047 | 48 | p.65 |
Openings and closures, system totals (Table 3)
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | |
|---|---|---|---|---|---|---|---|---|
| 2023 | 951 | 43 | 0 | 0 | 1 | 25 | 968 | p.71 |
| 2024 | 968 | 47 | 0 | 0 | 0 | 20 | 995 | p.71 |
| 2025 | 995 | 63 | 0 | 0 | 0 | 15 | 1,043 | p.71 |
Arithmetic checks flagged: item7: low lines sum to 78316, total says 127316; item7: high lines sum to 116846, total says 165846. The figures shown are as filed.
Litigation (Item 3)
0 pending cases described.p.20 Counts are of distinct matters as the filing describes them; the report carries each one in plain words.
Scorecard
Rank among the brands on this site that report the figure, on each list's own direction. No blended grade. How the lists work.
| Cost to open | $127,316 | 3 of 51 |
| Royalty plus ad fund | held | held |
| Three-year unit growth | 9.7% | 23 of 54 |
| Closure rate, 2025 | 1.5% | 37 of 51, 1 = most |
| Discloses unit revenue | yes | |
| Litigation disclosed | 0 | 25 of 26, 1 = most |
Source
Wisconsin Department of Financial Institutions franchise filing 641614, effective 5/5/2026, expires 5/5/2027. Extracted 2026-09-04 by two independent readers; only figures both agreed on, whose quoted words appear on the cited page, are shown. 5 fields held for review. How this works.