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Goddard School vs Mathnasium — which franchise is the better buy?

Side by side from the public FDDs — no franchisor spin.

	Goddard School	Mathnasium
Disclosure honesty	C	C
Investment from	$1,003,500	$112,936
Total fees	11%	12%
Outlets	665	972
Lawsuits	1	0

Goddard School: what their numbers say

Discloses gross revenue and EBITDA for 620 mature and 37 new schools (2025). No owner net income after debt service, owner salary, or taxes shown. Cherry-picks EBITDA; omits interest, depreciation, owner compensation, and below-the-line costs.

Mathnasium: what their numbers say

Discloses average/median gross receipts by quartile and average P&L with operating profit for 830 centers. Omits owner salary from operating profit, overstating net income; excludes 131 newer/underperforming centers.

Get the real owner take-home for either — $149

Full net-profit math, financing, red flags. See a sample →