Code Wiz is a retail learning center that offers coding, robotics, and 3D printing classes for children and teens. The franchise focuses on hands-on technology education, providing engaging experiences that inspire young minds to explore and create in the world of computer science.
Key Insights
- Code Wiz originated from founders understanding that customers deserved significantly better options than what was currently available in the marketplace, leading to development of comprehensive service solutions that prioritize quality, reliability, and exceptional customer experiences.
- Program structure allows for both collaborative group learning experiences and individualized attention based on specific student needs and learning objectives, creating supportive environments that encourage participation while addressing diverse academic requirements and learning preferences.
- Urbanization patterns increase demand for convenient services that save time and effort for busy consumers, creating opportunities for businesses that can provide efficient, reliable service delivery while maintaining quality standards and customer satisfaction.
Franchise Fee and Costs to Open
Exploring the financial picture of Code Wiz gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $150,000 - $237,400, along with a franchise fee of $45,000 - $45,000.
Financial Performance and Revenue
Yearly gross sales of $166,670 and estimated earnings of $20,001 - $25,001 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 9.1-11.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Code Wiz provides comprehensive initial training for new franchisees. This program, lasting approximately three weeks, is conducted at Code Wiz's headquarters. The curriculum covers essential operational aspects and curriculum delivery. Code Wiz offers a robust suite of resources, including marketing materials and operational guides. They recommend leveraging these tools for a smooth launch and ongoing success.
Legal Considerations
Legal considerations for a Code Wiz franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee may encounter considerations regarding local market demand for coding education, the operational requirements for delivering engaging curriculum, and securing necessary technology and learning resources. Building a strong local reputation and managing staff expertise also present ongoing focuses for business success.
Franchise Datasheet
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