Code Ninjas is an educational center offering coding, computer programming, and STEM classes for children. The franchise focuses on teaching kids how to code in a fun and engaging way.
Key Insights
- Code Ninjas began with a mission to make coding fun for kids, evolving from a single location to a robust franchise system designed to empower young learners. The curriculum is structured around a belt system, akin to martial arts, where students progress through increasingly complex coding concepts, building games and apps along the way.
- The franchise operates a hands-on, game-based learning model where children attend regular sessions at physical centers. They work on projects independently and collaboratively, guided by coaches who provide support and foster a positive learning environment. The business focuses on creating an engaging and encouraging space for young coders.
- Code Ninjas is positioned within the burgeoning educational technology and children's enrichment sector. This industry sees increasing demand for STEM education, particularly coding, as a vital skill for future academic and career success. The franchise addresses this market need by providing accessible and fun coding education.
Franchise Fee and Costs to Open
Exploring the financial picture of Code Ninjas 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 $174,750 - $298,250, along with a franchise fee of $40,000 - $40,000.
Financial Performance and Revenue
Yearly gross sales of $225,536 and estimated earnings of $27,065 - $33,831 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 8.3-10.3 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 Ninjas provides new franchisees with comprehensive training and resources. Initial training, lasting two weeks, takes place at Code Ninjas headquarters. The program covers curriculum, operations, and marketing strategies. The franchisor offers ongoing support and access to a robust online portal with business development materials.
Legal Considerations
Legal considerations for a Code Ninjas franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee may encounter considerations regarding local market competition from other educational enrichment providers, requiring strategies to differentiate service offerings. Operational complexity in managing instructor schedules, curriculum delivery, and student progress demands robust organizational skills. Reliance on specific technology or curriculum supply chains could also present logistical challenges requiring proactive vendor management.
Franchise Datasheet
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