- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$150K - $237K
- Units as of 2023
16 166.7% 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.
About Code Wiz
|Related Categories||Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Education/Enrichment|
|Parent Company||Tutor Doctor|
|Leadership||Ruth Agbaji, CEO|
175 Littleton Rd., #A
Westford, MA 01886
|Social||Facebook, Twitter, LinkedIn, Instagram, YouTube|
More from Code Wiz
Code Wiz is a coding and robotics education franchise. We run award-winning coding and robotics classes for kids ages 7-17 to help them unlock their inner genius by learning to express their creativity through coding.
The Code Wiz Franchise empowers kids to take control of their lives. Learning to code is like teaching children the language of modern creativity. The skills that kids build in our classes open up job opportunities in the future and expand the realm of possibilities for that child.
CEO and Code Wiz Franchise Founder, Ruth Agbaji, once said, “I just know that the next Steve Jobs or BIll Gates will come from Code Wiz.” Ever since that day we use this as our goal. By using this as our foundation, we create a community where every child has the tools and support to unleash their inner genius every day. Today, Code Wiz has 14 locations around the US, and more are gearing up to open!
What Makes Code Wiz Unique?
1. Montessori Style Approach - In this approach, children drive their own learning. We never assume two children will learn identically so within our various classes and curriculums, we customize the learning process for each child. For example, in a Roblox class each kid is learning Roblox coding but their games will each look different.
2. Family Portal - This is a completely unique platform proprietary to the Code Wiz Franchise. Families have access to the Code Wiz Family Portal where they can see their child’s progress. Children take ownership of their own progress through this platform. Plus, as they complete classes and projects, they earn wiz bucks, our fictional currency, which they can use in our merch store. One child has been saving all of his wiz bucks so he can buy Code Wiz one day!
3. Achievement Rewards System - We believe children should be rewarded for effort and time, not completion of courses. If you complete a project, we believe you deserve recognition even if you did not complete the course. We share recognition through badges and (of course!) wiz bucks.
4. Cutting Edge Courses - We are on the very edge of technology developments and we keep courses relevant and updated. Sometimes too much! We started Augmented Reality (AR) classes before snapchat filters became popular – very few people even knew what AR was and how it would take the world by storm.
|Franchising Since||2018 (5 years)|
|# of employees at HQ||7|
This company is offering new franchisees throughout the US.
This company is offering new franchisees in the following international regions: Canada
|# of Units||16 (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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$150,000 - $237,400|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|10% off franchise fee|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
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||61 hours|
|Classroom Training||28 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||Yes|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||5-10|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Curious to know where Code Wiz ranked on other franchise lists? Find out below.
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