To simplify the language in this disclosure document,
"Mathnasium", "we", "us", and "our"
means Mathnasium Center Licensing, LLC and "you" means the person who
acquires the franchise. If you are a corporation, limited liability company
("LLC") or other legal entity, "you" also includes your
owners.
Mathnasium is a California limited liability company formed
in California on June 20, 2003. Our principal business and corporate address is
5120 West Goldleaf Circle, Suite 130, Los Angeles, California 90056.
Mathnasium is a subsidiary of Mathnasium LLC, which also has
its principal place of business at 5120 West Goldleaf Circle, Suite 130, Los Angeles , California 90056. Mathnasium LLC is a limited liability company formed in California on November 17, 2002. Mathnasium operates under the names "Mathnasium Learning Centers", "Mathnasium Centers", "Mathnasium The Math
Learning Center" and "Mathnasium."
Our agent for service of process in California is the
Commissioner of Corporations, whose address is 1515 K Street, Suite 200, Sacramento, California 95814. A different agent for service of process may appear on the
receipt (very last page of this disclosure document) if the franchise is in a
state other than California.
The Ma:hnasium Method
Mathnasium offers and sells franchises
("Franchise") throughout the United States to independent operators
for the operation of after-school learning centers ("Mathnasium Centers''*
or "Centers") that provide math programs using the Mathnasium Method
of learning at locations we have consented to. Mathnasium Centers are open to
the public at least four times a week during after-school hours for at least
three hours. Children typically attend Mathnasium Centers once or twice a week
for approximately 45 to 60 minutes per session. Some children attend more than
twice a week.
Mr. Larry Martinek is the creator of the Mathnasium Method.
Over a 30 year career as an educator he developed a substantial body of
educational works that form the basis of the Mathnasium Method. The Mathnasium
Method uses diagnostics, instruction, guided practice, manipulatives and
computer software. The Mathnasium Method includes more than 7,000 worksheets
for children between 7 and 17 years old.
The Mathnasium Center Franchise
A Mathnasium Center Franchisee is granted the right under a
Franchise Agreement to use the Mathnasium system including its teaching
techniques, trade secrets, service marks and trademarks in connection with
operating 1 Mathnasium Center. The Franchise is a license for an initial term
of 5 years (the term is renewable for additional 5 year terms, at no additional
fee). The franchise granted to you is not exclusive. However, we will designate
a territory for you anc not allow another Mathnasium Center to be located there
except in very unusual circumsiances including a material breach of the
Franchise Agreement or significant underperformance. To date, Mathnasium has
never exercised this right. If you apply for a Mathnasium Center franchise,
your evaluation will include a personal interview and an evaluation of your
math skills.
Market; Competition
Mathnasium''s services are generally marketed to parents of
children. The supplemental educational market continues to experience
increasing competition. Your competitors include educational services offered
on the Internet, tutoring institutes, tutoring centers, learning centers, test
prep centers, cram schools, individual tutors, self-tutoring programs, other Mathnasium Centers, and other individuals, companies and organizations.
Industry-Specific Regulations
Certain states may require specific certification in
connection with your instructional duties as a franchisee. Furthermore, your Mathnasium Center may be considered a "school" under applicable zoning codes.
Classification of your Center as a "school" may entail additional
requirements such as separate bathrooms for boys and girls, water fountains,
special exit doors equipped with panic bars, and accommodations for disabled
persons. Although we do not regard Mathnasium Centers as schools, we urge you
to consult with your attorney concerning any special requirements that may
apply to you or your Center. You must comply with all applicable laws and
regulations regardless of any general information or guidance we may provide
you.
Prior Business Experience of Mathnasium, its
predecessors and affiliates
Mathnasium does
not do business under any other name, nor do we engage in other business
activities. Mathnasium does not directly operate a business of the type being
franchised, but our parent Mathnasium LLC has operated 1 Mathnasium Center in California since 2002 and another Center since 2005. We began offering franchises in late
2003.
