- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$150K - $237K
- Units as of 2023
-
15 200.0% over 3 years
Code Wiz teaches children how to code in a relaxed and friendly atmosphere. It is a small chain that is seeking to expand through opening new franchises.
Founded in 2017, Code Wiz began operating franchises the following year and now offers classes online or in several locations throughout the United States.
Why You May Want To Start a Code Wiz Franchise
A Code Wiz franchisee does not need to have a background in information technology. More important than experience is a solid commitment to education. A franchisee should believe that education is fun and enjoy being around kids. Additionally, an ideal franchisee should be a firm believer in the Code Wiz business model.
The franchisee should make sure their center is meeting the high standards Code Wiz expects. At the same time, they will foster a family atmosphere that allows the kids to relax and feel part of a team. Franchisees can, if desired, appoint a manager to run the center when they are away.
What Might Make a Code Wiz Franchise a Good Choice?
Code Wiz operates on the philosophy that learning should be fun for all involved. Kids may learn to code in a relaxed and friendly atmosphere and are encouraged by a rewards system recognizing their achievements. However, Code Wiz knows that children have their own strategies for learning, so its curriculum is tailored to suit all learning styles.
A Code Wiz center is typically bright and modern. Children use what the company believes to be state-of-the-art technology and work closely with the teacher and their classmates to master coding. Code Wiz encourages the kids' natural curiosity and seeks to transform how children engage with technology.
Opening a Code Wiz franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
How To Open a Code Wiz Franchise
As you decide if opening a Code Wiz franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Code Wiz franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
To be part of the Code Wiz Franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
If you are awarded a Code Wiz franchise, you will receive dozens of hours of on-the-job training and more in the classroom. Code Wiz also offers a comprehensive support package covering all aspects of running the franchise. Code Wiz feels that a franchisee is a member of their team and therefore entitled to all the help necessary.
Company Overview
About Code Wiz
| Industry | Children's Businesses |
|---|---|
| Related Categories | Children's Enrichment Programs: STEM, Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Education/Enrichment |
| Founded | 2017 |
| Parent Company | Tutor Doctor |
| Leadership | Ruth Agbaji, CEO |
| Corporate Address |
175 Littleton Rd., #A Westford, MA 01886 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 2018 (6 years) |
|---|---|
| # of employees at HQ | 7 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada |
| # of Units | 15 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Code Wiz franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$45,000 |
|---|---|
|
Initial Investment
|
$150,000 - $237,400 |
|
Net Worth Requirement
|
$150,000 |
|
Cash Requirement
|
$80,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Code Wiz has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 100 hours |
|---|---|
| Classroom Training | 40 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 5-10 |
|
Are exclusive territories available?
|
Yes |
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Code Wiz.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
He Began Selling Insurance to the Hispanic Community in the 1970s. Now His Family Owns a National Franchise With a Smart Strategy.
"The evolution of the immigrant community has changed everything."
After Decades of Hard Work, This Couple Is Living the Entrepreneurial Dream. Here's How They Achieved Generational Wealth.
Nadine and James Middleton's journey shows what can happen when hard-working people are matched with the right franchise.
She Worked Hard to Become An Engineer, and Didn't Want Her Degree to Go to Waste. Then She Found a Franchise That Was the Best of Both Worlds.
Kayla Opperman was the first Snapology franchisee in Colorado, and now she owns five locations.
Thinking of Franchising Your Business? This Franchise Consultant Shares His Most Essential Advice After 20 Years in The Industry
Franchising is a significant commitment and one that a business owner should investigate thoroughly, starting with some self-examination, some business analysis, and the guidance of seasoned, professional franchising advisors.
I've Seen How Reckless Franchisors Can Ruin People's Lives. Here's How the Best Franchises Grow, Find the Right Franchisees, and Thrive Together
These are the four principles of what I call "Responsible Franchising." If you follow them, everyone wins — and can make a lot of money too.
The Top New and Emerging Franchises in 2024
If you're looking for a hot new brand to buy into, these are the ones to consider.
