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Franchise Picks
Spirit of Math
 

Spirit of Math provides a unique opportunity for you to offer a proven system of after-school math classes designed especially for high-performing students. It is not a tutoring program. Students come once a week from September to June and are taught in a classroom setting by highly qualified teachers using proprietary curriculum. Advanced Thinking, Academic Excellence, Award Winning Program. A franchise opportunity that really adds up!

Franchisor Background

Year Established:

  1993

Franchising Since:

  2006

Operating Units:

Franchised Units:10 50%  
Company-Owned Units:10 50%  
 ______ _____  
Total Operating Units:20 100%  
 

Geographic Distribution:

U.S.:1 5% In 1 States
Canada:19 95% In 3 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:20 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Manitoba2
2. New Jersey1
3. Ontario16

Registered in Following Registration States:

   Florida, New York, Rhode Island

Financial Requirements

Investment:

Minimum Net Worth:$200K
Cash Investment:$32-80K
Total Investment:$varies
Average Total Investment:$80K
 

Fees:

Initial Franchise Fee:$35K
Average Franchise Fee:$35K
On-Going Royalty:9%
Average Royalty:9%
Advertising Fee:1%

Average Number of Employees:

   0 Full-time, 4 Part-time

Space Needs (in square footage):

   1600 - 2100

Preferred Sites:

  

Other Sites:

   Community Centres, Retail Space, Churches

Encourage Conversions?

   No

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:Yes
Franchisee Association/Member:No
Size of Corporate Staff:40
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:Ad Slicks, Brochures, Direct Mailers, Emails, Promotional Items
Additional Services:In-house Marketing, Marketing Research, Newsletter
Other Marketing Support:Training and on-going support
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:At Additional Cost
Initial Store Opening:Included in Fees
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:At Additional Cost
 

Training:

1. Toronto80 hours
2. Local
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:4
General Business Experience:4
Specific Industry Experience:5
Formal Education:4
Psychological Profile:3
Personal Interview(s):4

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:5 Year(s)
Term of Renewal Period:5 Year(s)
Passive Ownership:Not Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   10
U.S.:Yes, FL, IN, IL, MD, MO, NY, NJ, NC, OH, PA, VA, WA, WI
Canada:Yes, AB, BC, NB, ON
Overseas:No
 
 
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