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Primrose Schools vs Mathnasium — which franchise is the better buy?

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

	Primrose Schools	Mathnasium
Disclosure honesty	B	C
Investment from	$742,900	$112,936
Total fees	9%	12%
Outlets	525	972
Lawsuits	1	0

Primrose Schools: what their numbers say

Discloses average gross revenues by quartile (499 facilities) and average P&L with EBITDA by revenue third (413 facilities). Excludes 86 facilities for various reasons; EBITDA figures are pre-debt-service and pre-owner-compensation, overstating true owner income.

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

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