
Wize Computing Academy
Coding, robotics, and design classes, camps, and competition prep- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$38K - $67K
- Units as of 2022
-
14 180.0% over 3 years
Here’s what you need to know if you’re interested in opening a Wize Computing Academy franchise.
Wize Computing Academy specializes in educating children aged 4 to 16 years using a comprehensive form of education that enhances creativity and instills logic in young learners. Wize Computing Academy helps learners write computer programs that enable computers to perform tasks. The company is about teaching children to code and engage in robotics.
Since 2015, Wize Computing Academy has operated in pre-school, elementary, and middle schools and has expanded its outreach to multiple locations. The company started franchising in 2018 with Vishal Bhasin as the co-founder.
Why You May Want To Start a Wize Computing Academy Franchise
No prior computer coding experience is necessary to open a Wize Computing Academy franchise. However, you must be outgoing and passionate about children's education, a team leader, ambition-driven, and have strong marketing skills. Wize Computing Academy is interested in franchisees who love working with children. As a franchisee, you will be expected to run the business from home, utilizing various community spaces to teach the classes.
Opening a Wize Computing Academy 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.
What Might Make a Wize Computing Academy Franchise a Good Choice?
While teaching 21st-century skills is vital, the computing school uses a unique approach through K-12 computer science. The inimitable design teaches young learners about coding and robotics in creative and fun ways. With their programs, children are prepared to solve problems, be team leaders, and build confidence. The programs are specifically designed to expand science, technology, engineering, art, and math (STEAM), preparing children to be innovative and future educators and leaders.
To be part of the Wize Computing Academy 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.
Wize Computing Academy has partnered with third-party financial lenders that may help cover the costs of the franchise fee and startup. They also may offer in-house financing for the franchise fee if you qualify.
How To Open a Wize Computing Academy Franchise
Although the franchisees are home-based, the support team offers initial and online training. Once you have received the qualification form and agreed to the terms, the franchisor will provide further details about the franchising opportunity.
As you decide if opening a Wize Computing Academy 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 Wize Computing Academy franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth. You may want to speak to existing franchisees and ask the Wize Computing Academy team questions as part of your due diligence.
A typical franchise agreement runs for ten years. Franchisees may be allowed to renew their contract if they meet the Wize Computing Academy requirements.
Company Overview
About Wize Computing Academy
- Industry
- Children's Businesses
- Related Categories
- Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Education/Enrichment
- Founded
- 2015
- Parent Company
- Wize Computing Academy Franchising LLC
- Leadership
- Vishal Bhasin, Cofounder
Franchising Overview
- Franchising Since
- 2018 (4 years)
- # of employees at HQ
- 3
- Where seeking
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This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
This company is seeking new franchisees in the following international regions: Canada
- # of Units
- 14 (as of 2022)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Wize Computing Academy 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
- $32,500
- Initial Investment
- $38,000 - $67,000
- Veteran Incentives
- 20% off franchise fee
- Royalty Fee
- 8-6%
- Ad Royalty Fee
- to 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.
- In-House Financing
- Wize Computing Academy offers in-house financing to cover the following: franchise fee
- Third Party Financing
- Wize Computing Academy has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs
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
- 9 hours
- Classroom Training
- 44 hours
- Additional Training
- Online training
- Ongoing Support
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Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
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Co-op AdvertisingAd TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- Yes
- Can this franchise be run part time?
- Yes
- # of employees required to run
- 1-2
- Are exclusive territories available?
- Yes
Work with our free FranCoach and get what you need to start a Wize Computing Academy franchise.
Additional Rankings
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