Wize Computing Academy offers STEAM education classes in coding, robotics, and technology for children aged 4 to 18. The franchise focuses on empowering youth through technology learning.
Key Insights
- Wize Computing Academy 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.
- Project management coordinates resources, timelines, and deliverables to meet deadlines and quality standards without compromising service quality, utilizing proven systems and communication protocols that ensure successful outcomes and client satisfaction.
- Market consolidation trends benefit established brands with proven systems and operational expertise, creating opportunities for growth and expansion while rewarding businesses that have demonstrated consistent quality and customer satisfaction over time.
Franchise Fee and Costs to Open
Exploring the financial picture of Wize Computing Academy 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 $47,000 - $78,000, along with a franchise fee of $38,500 - $38,500.
Financial Performance and Revenue
Yearly gross sales of $58,118 and estimated earnings of $5,812 - $6,975 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 11.3-13.3 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
Club Scientific provides comprehensive initial training for new franchisees. This intensive program is offered over one week at the Club Scientific headquarters. Resources include operational manuals and marketing materials. Club Scientific offers ongoing support and access to a network of fellow franchisees. The franchisor provides guidance on curriculum development and program delivery.
Legal Considerations
Legal considerations for a Wize Computing Academy 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 challenges in navigating local market competition, understanding the nuances of operational complexity in delivering educational programs, and maintaining consistent access to specific materials through supply chains. Effectively managing these elements is a key consideration for business success.
Franchise Datasheet
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