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Mathnasium Ranks No. 97 on Entrepreneur’s 2024 Franchise 500® List

The supplemental education franchise has carved out its niche in a high-demand market with a unique model that’s loved by parents and kids alike.

By Luca Piacentini1851 Franchise Managing Editor
SPONSOREDUpdated 3:15PM 01/31/24

LOS ANGELES, C.A. – Mathnasium Learning Centers, the math tutoring franchise with over 1,100 units around the world, has been honored with a prestigious spot on Entrepreneur's Franchise 500, coming in at an impressive No. 97 overall. This recognition highlights Mathnasium's commitment to excellence and innovation in the educational sector, marking it as one of the top franchises globally.

“Mathnasium's position on this prestigious list is not just an honor but a confirmation of our strength as a franchise opportunity,” said Kevin Shen, chief development officer for Mathnasium. “This accolade reflects the company's unwavering dedication to providing exceptional math tutoring services and its success in building a brand that resonates with families and educators alike.”

For 45 years, Entrepreneur’s Franchise 500 has served as a benchmark for franchise excellence. The ranking formula, which considers various factors such as costs, fees, size, growth, support, brand strength and financial stability, is comprehensive and evolving. This rigorous evaluation involves an analysis of over 150 data points, ensuring only the best franchises make the top 500.

The private tutoring market is expected to be worth $290.8 billion by the year 2030. Especially after COVID-related learning disruptions, parents are constantly on the hunt for the resource that will best support their child in reaching academic goals. Mathnasium, known for its personalized and engaging math tutoring programs, continues to expand its reach, positively impacting students across various communities. As a result, the brand provides an attractive investment opportunity for entrepreneurs seeking to make a real difference in their communities. 

“Franchisees who invest with Mathnasium are not only breaking into a high-demand market, but they’re also gaining access to a powerful support network that will stand behind them as they grow,” said Shen. “We’re very passionate about furthering education, but our model offers so much more. For investors, this is a great way to get a better work-life balance while doing something meaningful. We’re open to talking to anyone who wants to start their own business and is passionate about connecting with their community and helping students gain confidence through education.”

Looking ahead, Mathnasium is focused on reaching 1,500 open units by 2028, expanding both in the U.S. and major international markets like India and the Philippines.

To see Mathnasium’s full profile in the Franchise 500 rankings, visit Entrepreneur's Franchise 500 List, or find more details in the January/February 2024 issue of Entrepreneur, available on newsstands now.

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*This brand is a paid partner of 1851 Franchise. For more information on paid partnerships please click here.