Leading Math Education Franchise Thrives During Economic Downturn
June 02, 2010 // Franchising.com // Los Angeles, CA - Bolstered by the stability of the supplemental education industry and growing demand for effective math education, Mathnasium Learning Centers today announced the opening of its 200th U.S. franchise in Manhattan Beach, CA.
With the company's relatively low franchise fee and start up costs, Mathnasium boasts an impressive growth rate of one new center per week. Qualified entrepreneurs in the U.S. and 15 other countries are turning to its solid business model and proven teaching method to establish businesses centered on helping children learn math skills essential for success. Mathnasium's rapid expansion can also be attributed to the increase in school budget cuts and high-level corporate layoffs as long-time educators and former executives in particular turn to the franchise as the next step in their careers.
"Achieving the 200-unit milestone is a testament not only to the dependability of owning an education franchise even in turbulent economic waters, but also to the quality and integrity of our program," says Mathnasium President Peter Markovitz. "Quite simply, we do have a better way to teach math. Parents view sending their child to Mathnasium as a vital investment in the child's future and entrepreneurs are responding to that need."
Mathnasium Learning Centers specialize in teaching kids math in a way that makes sense to them. Students go to Mathnasium year-round to catch up, keep up and get ahead in math. The proprietary Mathnasium Method™ is the result of 35 years of hands-on instruction and research. Franchising since 2003, Mathnasium has become one of the fastest growing educational franchises, with a new center opening each week.