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General

Industry

Education Programs

Category

STEM

Works with Franchise Brokers

Yes

Year of Founding

2018

Fees

Marketing Fee

2%

Royalty Fee

6%

Franchise Fee

$40,000-$40,000

Investment Range

$120K-$200K

Location units

Total U.S. Locations

4

U.S. Franchised Units

3

U.S. Corporate Units

1

Headquarters (City)

Westford

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

Yes

Started Offering Franchises

2018

Issuance of FDD Data

05/11/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$120K-$200K

Franchise Fee

$40,000-$40,000

What to know about Code Wiz franchise?

The franchise that they offer is for Code Wiz, a Retail Learning Center that provides school age children, teens and others with computer science classes, camps, and events focused on computer coding, robotics, 3D printing and other instruction and experiences, on and offsite, and other products and services (each, a “Franchised Business” or “Retail Learning Center”). We offer individual unit Retail Learning Center franchises and area development franchises for the development of multiple Retail Learning Centers within a designated territory.

Code Wiz is based in Westford, MA. Scroll down to learn more!

How much does a Code Wiz franchise cost?

Are you wondering how much is a Code Wiz franchise? Before starting a Code Wiz franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Code Wiz franchise is $120,300 and can go all the way up to $199,900. Keep in mind, you should also allocate additional funds to live off of while the Code Wiz business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Code Wiz franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Code Wiz business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Code Wiz franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Code Wiz. Hotels to the STEM, Outdoor Education Programs industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2020 2 2 1 3
2021 3 0 0 3

Additional Details

How much does a Code Wiz franchise owner make?

Code Wiz franchise earnings and revenue can vary significantly from one franchisee to another.
The Code Wiz franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Code Wiz discloses financials at the unit level. In other words, they show how much Code Wiz franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Code Wiz franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Code Wiz. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Code Wiz owners were making.

Visit the Code Wiz metrics tab to explore the financials for this business.

What is the Code Wiz franchise fee?

Owning a Code Wiz franchise requires 6% royalty fee and 2% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Code Wiz Franchise Disclosure Document

Keep in mind, there is also an initial Code Wiz franchise fee of $40,000 that is included in the initial investment amount of $120,300 to $199,900. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Code Wiz franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Code Wiz franchise fee of $40,000.

Visit the Code Wiz metrics tab to explore the financials for this business, royalty and marketing fees compare to other Education Programs franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Code Wiz founded?

Code Wiz started offering franchises in 2018. Code Wiz was founded 4 years ago in 2018.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Code Wiz locations are in the U.S.?

As of 2022, there were 3 locations across the U.S. There are also 1 corporate locations. Most Education Programs franchises like Code Wiz have more franchised locations than corporate locations.

How many Code Wiz franchises opened over the past few years?

Over the prior 3 years we have data for, Code Wiz has opened 4 outlets throughout the U.S. Visit the Code Wiz metrics tab to explore how the openings compare to other Education Programs franchises.

How many Code Wiz franchises closed over the past few years?

Over the prior 3 years we have data for, Code Wiz has closed 1 outlets throughout the U.S

Visit the Code Wiz metrics tab to explore how the openings compare to other Education Programs franchises.

Is Code Wiz growing? Are they opening more locations than they are closing?

The net unit growth rate for Code Wiz over the past 3 years is 0%. Over the last year we have data for, Code Wiz had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Code Wiz growth rate compares to 2,000+ other franchises and Industry franchises like Code Wiz. More info in the Code Wiz metrics tab.

Is Code Wiz franchise eligible for an SBA Loan?

Code Wiz is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Code Wiz franchise was assigned the SBA Franchise ID of S4253 on 06/07/2019. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Code Wiz that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Code Wiz a franchise in the United States?

According to the SBA, Code Wiz meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Code Wiz provides you with an FDD if you are in discussion to buy a Code Wiz.

What is the Code Wiz Franchise for Sale Rate?

The Code Wiz systemwide health and franchisee satisfaction can be measured by the Code Wizfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Code Wiz franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Code Wiz had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Code Wiz franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Code Wiz. More info in the Code Wiz metrics tab.

What is the Code Wiz Franchise Failure Rate?

Code Wiz franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Code Wiz failure rate over the past 3 years is 33%. Over the last year we have data for, Code Wiz had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Code Wiz franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Code Wiz. More info in the Code Wiz metrics tab.

How can I find out more details on Code Wiz franchise?

Visit the Code Wiz metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Code Wiz

$160,100

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Code Wiz

6%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Code Wiz

$40,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Education Programs

Category

STEM

Works with Franchise Brokers

Yes

Year of Founding

2018

Fees

Marketing Fee

2%

Royalty Fee

6%

Franchise Fee

$40,000-$40,000

Investment Range

$120K-$200K

Location units

Total U.S. Locations

4

U.S. Franchised Units

3

U.S. Corporate Units

1

Headquarters (City)

Westford

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

Yes

Started Offering Franchises

2018

Issuance of FDD Data

05/11/2022

Detailed Franchise metrics for Code Wiz

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Code Wiz below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Code Wiz

50%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Code Wiz

0%

0%

Industry median

All franchises median

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Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Code Wiz

0%

33%

Industry median

All franchises median

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Business details

Website

http:// www.thecodewiz.com

Business email

f********@thecodewiz.com

Mailing address

175 Littleton Rd

State headquarters

Massachusetts

Contact Name

Code Wiz

Phone

+1 (000) 0********00

City

Westford

Zip code

01886
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