At the Mathnasium where I worked, there were, by my estimate, 4050 students, which gives a rough gross income of 10k-12.5k a month. Wienerschnitzel Franchise Cost Fee Profit Info and Review Now, Kolache Factory Franchise Cost Fee Revenue and Profit Now, Summer Moon Coffee Franchise Cost and Profit of Opportunities Now, Panera Bread Franchise Cost Profit and Reviews Now, Icryo Franchise Cost Systems Revenue and Reviews, Pjs Coffee Franchise Cost Fee and Profit Reviews Now, Is Sonic Drive In a Franchise? Franchisees benefit from Mathnasiums excellent systems development and support. Failure to comply with this requirement may result in territory loss or even the closure of your franchise. Every Mathnasium franchisee is required to keep sales at a certain level. WebGetting Started: Everything we do at Mathnasium is geared toward your success. Kama and Paul Friedman were nominated by the Mathnasium leadership team in the Family-Owned category for a 2021 Franchise Rock Star Award. Franchise Fee: $19,500. WebIncludes addresses, names and phone numbers for all Mathnasium franchise locations. If you open the Mathnasium franchise at the perfect place, there is a chance to make more money. 7 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. The initial fee to open a Mathnasium Franchise is $49,000. The centers actual site must be permitted by the franchisor and fall within the bounds of the area. However, if it is in the bottom, Franchise Disclosure Document (FDD) Database, $49,000 for your first franchise; $26,500 if you are buying an additional franchise. The top tutoring franchise is Math Learning Center, according to Franchise Business Review. A non-compliance fine of $300 applies for related incidences, a return check service charge of $60 is also required. WebTsiu Hang ( Chinese: ) is a village in the Hebe Haven area of Sai Kung District, Hong Kong . They also offer financing via 3rd party as well as a discount for veterans ( Veterans and Educators receive 25% off franchise fee ). Sorry. Prospective candidates are asked to have a minimum of $100,000 in liquid assets to qualify. 2 in Best Franchises To Buy in 2019, in the low-investment category, up from its No. You are less likely to fail as a franchisor once you follow all its methods and strategies for operating a franchise. Section V Presentation and analysis of Mathnasiums financial performance representations (average revenues and/or profits), based on Item 19 of the companys 2022 FDD, including information on the: Section VI Key ratios, comparables, computations, and analyses for the Mathnasium franchise opportunity (, Initial Franchise Fee: $49,000 for your first franchise; $26,500 if you are buying an additional franchise, Expenses While Training: $2,500 to $3,000, Additional Technology Fee: $0 to $45 per month, Rent (1st and last months rent): $6,000 to $14,000, Paint, Carpet, and Tenant Improvements: $5,500 to $13,500, Furniture, Signs, Equipment, and Supplies: $10,000 to $17,000, Business License and Registration: $250 to $1,000, Professional Services (Legal and/or Accounting): $1,300 to $2,000, Video Surveillance and Related Equipment: $500 to $2,500, Additional Funds for 4 Months: $32,000 to $40,000, Total Estimated Mathnasium Franchise Costs (1st Center): $112,860 to $149,155, Total Estimated Mathnasium Franchise Costs (Subsequent Center): $90,360 to $126,655, Monthly Royalty: initially, 10% of your monthly Gross Receipts from all sources plus a base royalty fee of $500 per month. Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. Facts That Nobody Told You About Mathnasium. We want to bring the benefits of the Mathnasium Method to more families around the globe., Rolls Out New Great Foundations Program for 4-6 Year Olds. The cost to the franchise is $90 750 and $137 610 in the United States. Performing this action will delete your account. It is classified as operating in the Elementary & Secondary Schools industry. WebAccording to the 2015 Mathnasium Franchise Disclosure Document (FDD), The total investment necessary to begin operation of your first Mathnasium franchise ranges from $90,750 to $137,610 This includes the $40,000 initial franchise fee that must be paid to Mathnasium. Is a Mathnasium franchise a great business to own? The initial investment begins with a $40k franchise fee that will bring you into the Mathnasium concepts that are currently taught in 15 countries. In other words, the profit is not enough to offset the investment costs. Extra or additional funds for 4 months is also included and ranges from $32,000 to $44,000. How much does it cost to franchise a Mathnasium in the United States? All Mathnasium franchises must maintain a minimum sales level. Math Specialists. The cost to open a location is on the lower end of franchise costs. Years of experience developing training and support systems show you the fastest racing line around the track. Averaging this all together, the royalty fee is about $22 per student. Youre about to cancel your subscription. 39 locations out of the total 951 outlets across the U.S. mean that over 4% of total outlets in the U.S. are currently up for sale. Mathnasium Franchise Cost Reviews and Owner Salary and Profit Now. If the location is in the top 50% then it may be worth the investment assuming the contract lifespan with Mathnasium is in good. If youre passionate about helping kids, Mathnasium is a low-cost investment opportunity with tremendous profit potential. Email franchisechatterblog@gmail.com, Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful. (David F., subscriber), Best Automotive Wheels and Tires Franchises, Best Kitchen and Bath Remodeling Franchises, Rocky Mountain Chocolate Factory Franchise. Kama and Paul Friedman were nominated by the Mathnasium leadership team in the Family-Owned category for a 2021 Franchise Rock Star Award. Considering math proficiency is a global epidemic, the opportunity offered by franchises like Mathnasium are obvious. Shant Assarian, CEO of Mathnasium, said, We currently have 96 Mathnasium centers throughout the area, all dedicated to teaching children math so that they understand it, master it, and love it. While this may be the business for you, make sure to also check out other businesses offered on Vetted Biz and in the Education Sector. With just under $150,000, youre can join this rewarding opportunity. Over the next decade, Mathnasium quickly grew around the U.S. and internationally. You too can become a part of this family by simply finding out more information. The first period of the franchise is five years long. Plus, national reviews have been great! These companies have an estimated turnover of $ 19.989 billions and employ a number of employees estimated at 14,207.The company best placed in Sai Kung District in our national ranking is in position #36 in terms of turnover.More info about Profit Mathnasium is a franchise that takes into kids requiring help with math. WebAccording to the 2015 Mathnasium Franchise Disclosure Document (FDD), The total investment necessary to begin operation of your first Mathnasium franchise ranges from $90,750 to $137,610 This includes the $40,000 initial franchise fee that must be paid to Mathnasium. Is a Mathnasium franchise a great business to own? Yet The Wall Street Journal reports that there is widespread decline in math performance among elementary and middle school students, and parents are concerned. The next stage involves validation. Franchisees and center directors see firsthand the value Mathnasium brings as confidence increases, grades improve, college acceptance rises and new doors of opportunity open for students.. WebWhat is the upfront cost to own a Mathnasium Learning Centers franchise? WebAs a franchise owner, that obviously depends on your business sense. Math Specialists. Over several years of its operations, Mathnasium has built a respectable brand. REVENUE: WebIncludes addresses, names and phone numbers for all Mathnasium franchise locations. WebTsiu Hang ( Chinese: ) is a village in the Hebe Haven area of Sai Kung District, Hong Kong . The estimated initial investment is the total amount required to own this franchise and ranges between $122,750 to $149,110. These estimates include a 1.5 year period from when a Mathnasium Franchise Agreement is signed. Estimated initial investment: $1,000 to $768,000. Mathnasium Franchise Earnings Potential and Franchisee Profitability Rate. An individual Mathnasium franchise owner can make $130,065 annually. WebThe estimated total pay for a Franchise Development at Mathnasium is $133,429 per year. Mathnasium franchise costs, based on Item 7 of the companys 2022 FDD: Initial Franchise Fee: $49,000 for your first franchise; $26,500 if you are buying an additional franchise Expenses While Training: $2,500 to $3,000 Base Royalty Fee: $0 to $500 per month Technology Fee: $110 per month Additional Technology Fee: $0 to $45 Started: 2002. This includes an initial franchise fee of 29,500 and a royalty of 10 per cent of gross sales plus, a monthly fee of 350. WebMathnasium has the franchise fee of up to $49,000, with total initial investment range of $112,750 - $149,110. However, this is renewable but only for persons considered to be in good standing. Required fields are marked *, Previous post: FDD Talk: Beef Jerky Experience Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), Next post: FDD Talk: Snap-on Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), Is Franchising a Path for You? In other words, the profit is not enough to offset the investment costs. Worksheets from the Mathnasium system are available for students aged four to seventeen. A year later, the business started to grow, and today it has offices in North and South America, Europe, and Asia. The franchisor awards franchises throughout the How Much It Cost to Open a Mathnasium Franchise. La Fitness Franchise - How to Open, Cost & Profit, Midas Franchise - How to Open, Cost & Profit, Panera Bread Franchise - How to Open, Cost & Profit, Nothing Bundt Cakes Franchise - How to Open, Cost & Profit. Founded in 2002, Mathnasium began franchising a year later and has grown to over 1,000 units. several education franchises that provide both the opportunity to make a difference in a childs life and earn a good profit in a growing industry sector. Normally, if a location is successful a franchisee wont be rushing to sell it. WebThe cost to invest in a Mathnasium franchise ranges between $112,750-$149,110 and is a great balance between investment and opportunity. Franchisees can expect to make a total investment of $112,750 - $149,110. Mathnasium, the iconic math education franchise, is in the business of helping kids fall in love with math. Mathnasium was positioned the 37th quickest developing Franchise by Entrepreneur magazine in 2015 and as of now has more than 600 areas the nation over. Whatever it is, the franchisor has you covered. REVENUE: Mathnasium has made math tutoring fun and exciting for our 5th grader, who needed more of a challenge. These estimates include a 1.5 year period from when a Mathnasium Franchise Agreement is signed. In other words, the profit is not enough to offset the investment costs. WebTo buy a franchise with Mathnasium, you'll need to have at least liquid capital of $112,750. 6. It seeks to award more franchise units across the United States and you can grab this opportunity. The median of the top 50% of Mathnasium franchises earned $336,945 in revenue. The median Goddard School takes about 5 years to recoup the investment from the time a franchise development contract is signed. Undaunted by everything the pandemic could throw at his fledgeling business, the owner of Mathnasium Fulham has already secured a territory for his second centre and plans to open another three. It includes average and median annual Gross Receipts of Mathnasiums existing Mathnasium centers that had been open for 12 months or longer as of December 31, 2021, 2020, and 2019, respectively, broken down by quartiles and halves. The median of the top 50% of Mathnasium franchises earned $336,945 in revenue. To improve the business, they also offer training and assistance to new franchisees. Were continuing to grow as more entrepreneurs discover how rewarding this business is when they can use a tailored curriculum designed with the students engagement in mind. WebThe franchisor is Mathnasium Center Licensing, LLC. These companies have an estimated turnover of $ 19.989 billions and employ a number of employees estimated at 14,207.The company best placed in Sai Kung District in our national ranking is in position #36 in terms of turnover.More info about Profit In 2021, Mathnasium Learning Centers was acquired by Roark Capital. There is a low entry cost too! Please confirm by clicking on the Cancel Subscriptionbutton below. Initial investments: $112,750 - $149,110 Net-worth Requirement: $149,110 Liquid Cash Requirement: $112,750 Estimated Initial Investment Use Our Free Financial Calculator, FDD Talk: Beef Jerky Experience Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), FDD Talk: Snap-on Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), Section I Estimated initial investment (franchise costs) for a Mathnasium franchise, based on Item 7 of the companys 2022 FDD, Section II Initial franchise fee, royalty fee, and marketing fee for a Mathnasium franchise, based on Items 5 and 6 of the companys 2022 FDD, Section III Number of franchised and company-owned Mathnasium outlets at the start of the year and the end of the year for 2019, 2020, and 2021, based on Item 20 of the companys 2022 FDD, Section IV Background information on the Mathnasium franchise opportunity, including relevant news updates. My kids loved the program and asked to go more, said parent Mark M. They started kindergarten well ahead of the rest of the students., Seeks Franchisees to Expand in the Northeast. WebYear after year, Mathnasium shows up in rankings as one of the worlds top franchises; were currently listed as a Top 500 franchise by Entrepreneur, a Top 100 global franchise by Franchise Direct, and ranked number one in the education category for franchisee satisfaction by Franchise Business Review. They were chosen by Franchise Business Review from among 200 nominations for their outstanding achievements as Mathnasium franchise 11. The first instinct may be to go out and purchase a location rather than going through the standard process of signing a franchise agreement and building your own location. They also offer financing via 3rd party as well as a discount for veterans ( Veterans and Educators receive 25% off franchise fee ). This is one of the best ways to learn first-hand about the franchise opportunity from existing franchisees. WebWhat is the upfront cost to own a Mathnasium Learning Centers franchise? Based on the 2022 ITEM 19 for Mathnasium, we estimate that the average Mathnasium franchise made $270,000 in revenue for 2021. The 2022 franchising outlook for the Northeast region projects an economic output of $143.7 billion, and the International Franchise Association estimates that 121,533 establishments can contribute to over 1 million employment opportunities. They also offer financing via 3rd party as well as a discount for veterans ( Veterans and Educators receive 25% off franchise fee ). 31 on Entrepreneurs 2021 Franchise 500 list. No, the Mathnasium franchises are relatively profitable. WebDisclaimer: This web site and the franchise sales information on this site do not constitute an offer to sell a franchise. Mathnasium charges a premium 10% of gross sales royalty fee as well as a $500 base. several education franchises that provide both the opportunity to make a difference in a childs life and earn a good profit in a growing industry sector. An annual convention fee of $200 per franchisee is required. Of the franchised Mathnasium centers, 48 were not included in this financial performance representation because they had not been open for 12 months or longer as of December 31, 2021. Find out what the average Mathnasium franchisee makes and what type of profit is possible the Mathnasium Mathnasium's Annual Report & Profile shows critical However, there are other ongoing fees you will incur during ownership. The total investment to open a new Mathnasium franchise ranges from $112,860 to $148,655, making Mathnasium one of the most affordable franchise concepts in the tutoring category. The following is a historic financial performance representation for the period from (i) January 1, 2021 through December 31, 2021, (ii) January 1, 2020 through December 31, 2020, and (iii) January 1, 2019 through December 31, 2019. It is for information purposes only. Mid-Upper 25% of Centers by Gross Receipts, Mid-Lower 25% of Centers by Gross Receipts, Your email address will not be published. At the Mathnasium where I worked, there were, by my estimate, 4050 students, which gives a rough gross income of 10k-12.5k a month. Because the lessons are engaging and fun, children develop a love of learning as well as an ability to work independently. WebIn Sai Kung District, Infobel has listed 2,144 registered companies. The Mathnasium Method makes use of manipulatives, guided practice, instruction, and diagnostics. Even the annual profit is insufficient to pay off the investment. WebDisclaimer: This web site and the franchise sales information on this site do not constitute an offer to sell a franchise. WebThe estimated total pay for a Franchise Development at Mathnasium is $133,429 per year. WebMathnasium Franchise Profit Franchise revenue depends on a wide range of factors, as does profit. The industry norm is 5% for royalty and 3% for marketing. Published on June 11, 2022 by Franchise Chatter Leave a Comment in Child-Related Franchises, Education Franchise, FDD Talk: Children's Franchises, Franchise Earnings. They were chosen by Franchise Business Review from among 200 nominations for their outstanding achievements as Mathnasium franchise WebMathnasium Franchise Costs & Fees Request Information Download Full FDD Year Business Began: 2002 Franchising Since: 2003 Headquarters: Los Angeles, California Estimated Number of Units: 1,085 Franchise Description: The franchisor is Mathnasium Center Licensing, LLC dba Mathnasium Learning Centers. 13. WebIn 2019, Forbes ranked Mathnasium #2 in its Best Franchises to Buy, low investment category. They have fairly lenient policies, and there are no restrictions on who can purchase a franchise. Mathnasium exists to meet the rising demand for math tutoring by helping every student realize their full potential. In addition, 8 franchised Mathnasium centers that had been open for at least 12 months were not included because they had not reported their Gross Receipts to the company for the full 12-month period. WebThe total estimated investment for a Mathnasium franchise package is between 77,000 and 100,000. Full details of such costs are found in the franchise disclosure document (FDD). The annual averages and medians of Gross Receipts for franchised Mathnasium centers open at least 12 months and reporting throughout the year shown were calculated by Mathnasium based on reports on Gross Receipts furnished to Mathnasium by its franchisees. Own a business thats rewarding in every way: change childrens lives and prospects through the power of maths, while commanding your own income and circumstances too. Mathnasium allows you to become your own boss, improve the lives of children and earn a great living. Mathnasium Learning Centers has a franchise fee of up to $49,000, with a total upfront investment range from $112,750 to $149,110. WebMathnasium is one of the worlds fastest-growing franchises and the leading math tutoring business for children with 1,000 locations and growing. Mathnasium Center Licensing, LLC, doing business as Mathnasium Learning Centers, is the franchisor. Mathnasium franchisees expansion plans are undeterred by the pandemic. Build a strong mathematics foundation through customized math tutoring plans and face-to-face instruction, in center or online. Own a business thats rewarding in every way: change childrens lives and prospects through the power of maths, while commanding your own income and circumstances too. The median of the top 50% of Mathnasium franchises earned $336,945 in revenue. Want to know how much Mathnasium franchise owners are earning? Since our founding in 2002, Mathnasium has grown to over 1,000 locations around the world, and in that time, weve helped hundreds of entrepreneurs own businesses that make a true, lasting impact. This might be a great business opportunity for you if profit isnt your only motive in owning a franchise. Mathnasium Learning Centers was founded in 2002 by Larry Martinek, David Ullendorff, and Peter Markovitz in the Westwood neighborhood of Los Angeles, California. Entrepreneur ranked Mathnasium #17 on its Best Franchises To Buy between $100,000 and $500,000, and #27 on its Fasting Growing Franchises list. Rent will cost anywhere from $6,000 to $14,000, paint, carpet and tenant improvements will cost between $2,500 to $10,000 while furniture, signs, equipment & supplies cost from $10,000 to $15,000. 95 on Entrepreneurs 2022 Franchise 500 list. Entrepreneur ranked Mathnasium #17 on its Best Franchises To Buy between $100,000 and $500,000, and #27 on its Fasting Growing Franchises list. Mathnasium franchisees expansion plans are undeterred by the pandemic. Moreover, the median franchise sells for over $1.5 million once again making it a desirable competitor to Mathnasium Franchise. According to this information, the Mathnasium does not have the ability to make a significant profit because it has to invest between $112,750 and $149,110 in order to produce an annual profit of no more than $130,065 on average. Getting started is relatively easy with minimal real estate, no inventory, and low staffing needs. A Mathnasium franchise can generate profits in a variety of ways depending on the efforts of the franchisee, the quality of service provided, the way in which the franchisee promotes the center, the aggressiveness of the marketing plan, and other factors. However, it doesnt currently have the capacity to generate a sizable profit. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Entrepreneurs who want to open a franchise in the donuts and desserts franchise opportunities categories can look at. Is the Mathnasium Franchise Profit worth the cost? Mathnasium ranked No. Or help you start a chain. WebMathnasium Franchise Profit Franchise revenue depends on a wide range of factors, as does profit. Section III Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other Fees WebThe start-up costs for owning a Mathnasium franchise is quite low. This franchise is not that profitable as it only focuses on the maths aspects of the education system. 2 in Best Franchises To Buy in 2019, in the low-investment category, up from its No. To sum up, Mathnasium is an excellent franchising opportunity, but it doesnt have a great chance of turning a sizable profit. Youll be providing a tutoring service, so you may need to be licensed and/or certified by your state or local community in order to provide this service. WebBeginning with yours. Cost and Profit Analysis. However, this profit varies on the skills of the tutor and location. Continue with Recommended Cookies. Mathnasiums commitment to providing a quality education for all students is evident through the success of its franchisees. However, this profit varies on the skills of the tutor and location. WebEverything we do at Mathnasium is geared toward your success. Mathnasium has made math tutoring fun and exciting for our 5th grader, who needed more of a challenge. Looks like your subscription is due. As of December 31, 2019, there were 935 franchised Mathnasium centers in operation. Based on the 2022 ITEM 19 for Mathnasium, we estimate that the average Mathnasium franchise made $270,000 in revenue for 2021. 9. 9. The cost-of-entry isn't terrible for a new business but I can't find much data online about them besides the stuff that they themselves promote. The franchisor awards franchises throughout the How Much It Cost to Open a Mathnasium Franchise. The offer of a franchise can only be made through the delivery of a franchise disclosure document. In the USAand some countries, the offer of a franchise can only be made through the delivery of a franchise disclosure document and these states regulatethe offer and sale of franchises: CA, HI, IL, IN, MD, MI, MN, NY, ND, OR, RI, SD, VA, WA, and WI. Getting started is relatively easy with minimal real estate, no inventory, and low staffing needs. There are several other fees you will incur during your franchise ownership term. WebIn 2019, Forbes ranked Mathnasium #2 in its Best Franchises to Buy, low investment category. Children typically spend about 60 minutes completing math assignments through the Mathnasium system of learning. According to industry standards, getting a return on the franchise investment will take a very reasonable time within 3 years. Required Net Worth: $100,000+. WebMathnasium Franchise Costs & Fees Request Information Download Full FDD Year Business Began: 2002 Franchising Since: 2003 Headquarters: Los Angeles, California Estimated Number of Units: 1,085 Franchise Description: The franchisor is Mathnasium Center Licensing, LLC dba Mathnasium Learning Centers. Want to know how much Mathnasium franchise owners are earning? Mathematics is taught in a fun way to children with excellent results obtained over the years. Mathnasium's Annual Report & Profile shows critical It is classified as operating in the Elementary & Secondary Schools industry. Initial investments: $112,750 - $149,110 Net-worth Requirement: $149,110 Liquid Cash Requirement: $112,750 Estimated Initial Investment This is because the revenue they are earning on an annual basis will allow them to earn a profit on their initial investment and then sell at a later date. Mathnasium was also ranked #1 on the Franchise Gator Top 100 List. several education franchises that provide both the opportunity to make a difference in a childs life and earn a good profit in a growing industry sector. Mathnasium meets the demand for quality math education through its learner-friendly curriculum and teaching environments as well as techniques. Working together, we see a powerful opportunity for Mathnasium to transform the lives of many more children around the world and enable our franchisees to achieve even greater success., 2. Total startup costs are a modest ~$112-~$149K through the first year, including the franchise fee. 2022 Mathnasium Franchise | All Rights Reserved |, Mathnasium Named Top Franchise in Math Tutoring in Entrepreneur Magazines Franchise 500, Mathnasium Hires Chief Development Officer, Mathnasium Adds New Leaders to Drive Growth. In the United States, the company owns 27 of these locations and 1,568 are franchised. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors. Clay Harmon, managing director at Roark, said, Peter Markovitz, David Ullendorff and Larry Martinek founded and built a purpose-driven brand focused on high quality, effective and fun math tutoring. WebYou can open your center as a Mathnasium franchisee for less than $150,000. WebA Mathnasium franchise enables you to own your own Mathnasium Learning Center in your community to help children from pre-K to pre-calculus boost their math skills. Mathnasium charges a premium compared to other education businesses. They provide you the chance to give back to the neighborhood. Franchisees can expect to make a total investment of $112,750 - $149,110. That's been proven in Undaunted by everything the pandemic could throw at his fledgeling business, the owner of Mathnasium Fulham has already secured a territory for his second centre and plans to open another three. Mathnasium charges a premium compared to other education businesses. WebA Mathnasium franchise enables you to own your own Mathnasium Learning Center in your community to help children from pre-K to pre-calculus boost their math skills. Mathnasium Franchise Earnings Potential and Franchisee Profitability Rate. The Franchise Disclosure Document (FDD) is handed to you for review once your RFC is approved. A base royalty fee of $500 is also paid monthly. Please note that these 17 important franchise fees (from the initial franchise fee, to the royalty fee, to 15 other fees found in Items 5 and 6 of Mathnasiums 2019 FDD). WebEverything we do at Mathnasium is geared toward your success. Mathnasium franchise costs, based on Item 7 of the companys 2022 FDD: Initial Franchise Fee: $49,000 for your first franchise; $26,500 if you are buying an additional franchise Expenses While Training: $2,500 to $3,000 Base Royalty Fee: $0 to $500 per month Technology Fee: $110 per month Additional Technology Fee: $0 to $45