- 2023 Franchise 500 Rank
-
N/R不是去年排名
- Initial investment
-
$150K - $237K
- Units as of 2023
-
14 133.3% 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.
代码奇才系列团队的一部分,你的商店uld 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: Miscellaneous,Tutoring,Children's Education/Enrichment |
| Founded | 2017 |
| Parent Company | Clear Summit Group |
| Leadership | Ruth Agbaji, Founder & CEO |
| Corporate Address | 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.
Business Overview
| 弗兰奇sing Since | 2018(5 years) |
|---|---|
| # of employees at HQ | 7 |
| Where seeking | This company is offering new franchisees throughout the US. |
| # of Units | 14(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%的特许经营费 |
| 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
弗兰奇sors 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 |
| Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
弗兰奇see Intranet Platform
|
| Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
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?
|
Yes |
| #运行所需的员工 | 5-10 |
| Are exclusive territories available?
|
Yes |
弗兰奇se 500 Ranking History
Compare where Code Wiz landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Code Wiz ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
4 Reasons You May Not Qualify For a Franchise
Good franchise companies are looking for a mutual fit when talking with prospective franchisees. Here's what might be stopping you from qualifying.
How to Determine Your Franchise's KPIs and Achieve Profitability
Effectively categorizing your KPIs and determining the strategies to hit them will put you in a good position to achieve and maintain profitability.
How to Measure Franchise Success With Your Income Statement
When you master the income statement, you'll be well on your way to running a profitable business.
'Focus Is Just as Important as Passion': How to Avoid Entrepreneurial Deficit Disorder in Franchising
Learn how to avoid Entreprenurial Deficit Disorder—jumping from idea to idea due to boredom or the incorrect application of the entrepreneur's abilities — in your franchise
'More Crucial Now Than Ever Before,' The Biggest Franchise Trends of 2023, According to 17 Top Franchise Executives
From AI to a surge in chicken—here's what needs to be on your franchise radar.
4 Things You Need to Know About Private Equity Investors in Franchise Businesses
This simple list should be at the root of every decision you make about building your brand until you decide to sell or bring in a private equity partner.
