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General

Industry

Education Programs

Category

STEM

Works with Franchise Brokers

No

Year of Founding

2015

Fees

Marketing Fee

2%

Royalty Fee

Varies

Franchise Fee

$12,500-$25,000

Investment Range

$28K-$73K

Location units

Total U.S. Locations

2

U.S. Franchised Units

N/A

U.S. Corporate Units

2

Headquarters (City)

Dover

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2020

Issuance of FDD Data

03/05/2020

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$28K-$73K

Franchise Fee

$12,500-$25,000

What to know about Codeadvantage franchise?

Codeadvantage is a company that offers computer science courses for kids in the United States. Their goal is to get kids excited about coding and to teach them the basics of computer programming. The courses are designed for kids aged 8-18, and they offer both in-person and online classes. There are a variety of courses, including introductory coding courses, advanced coding courses, and courses that focus on specific programming languages like Python and Java. They are taught by experienced instructors who are passionate about teaching kids how to code. Codeadvantage provides their franchisees with the necessary resources to get started, including a curriculum, marketing materials, and training. The company also offers ongoing support to help franchisees grow their business.

Codeadvantage is based in Dover, DE. Scroll down to learn more!

How much does a Codeadvantage franchise cost?

Are you wondering how much is a Codeadvantage franchise? Before starting a Codeadvantage 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 Codeadvantage franchise is $28,280 and can go all the way up to $73,200. Keep in mind, you should also allocate additional funds to live off of while the Codeadvantage 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 Codeadvantage franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Codeadvantage business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Codeadvantage 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 Codeadvantage. Hotels to the STEM, Outdoor Education Programs industry.

Additional Details

How much does a Codeadvantage franchise owner make?

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

Codeadvantage unfortunately does not disclose financials on how much Codeadvantage franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Codeadvantage does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Codeadvantage franchisees. Do note that Codeadvantage is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Codeadvantage franchisees to understand how much money they are making from their Codeadvantage business.

You should also speak to former Codeadvantage franchisees to understand why they left the system. Did they sell their Codeadvantage at a profit? Were they forced to close their Codeadvantage franchise down because it kept losing money?

What is the Codeadvantage franchise fee?

Owning a Codeadvantage franchise requires Varies 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 Codeadvantage Franchise Disclosure Document

Keep in mind, there is also an initial Codeadvantage franchise fee of $12,500 that is included in the initial investment amount of $28,280 to $73,200. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Codeadvantage franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Codeadvantage franchise fee of $12,500.

Visit the Codeadvantage 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 Codeadvantage founded?

Codeadvantage started offering franchises in 2020. Codeadvantage was founded 7 years ago in 2015.

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 Codeadvantage locations are in the U.S.?

As of 2020, there were 0 locations across the U.S. There are also 2 corporate locations. Most Education Programs franchises like Codeadvantage have more franchised locations than corporate locations.

How many Codeadvantage franchises opened over the past few years?

Over the prior 3 years we have data for, Codeadvantage has opened 0 outlets throughout the U.S. Visit the Codeadvantage metrics tab to explore how the openings compare to other Education Programs franchises.

How many Codeadvantage franchises closed over the past few years?

Over the prior 3 years we have data for, Codeadvantage has closed 0 outlets throughout the U.S

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

Is Codeadvantage growing? Are they opening more locations than they are closing?

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

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

Is Codeadvantage franchise eligible for an SBA Loan?

Codeadvantage is not eligible for SBA loans including the 7(a) loan last time we checked.

Codeadvantage franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Codeadvantage that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Codeadvantage a franchise in the United States?

According to the SBA, Codeadvantage does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

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

What is the Codeadvantage Franchise for Sale Rate?

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

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

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

What is the Codeadvantage Franchise Failure Rate?

Codeadvantage 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!

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

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

How can I find out more details on Codeadvantage franchise?

Visit the Codeadvantage 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

Codeadvantage

$50,740

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Codeadvantage

Varies

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.

Codeadvantage

$18,750

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

No

Year of Founding

2015

Fees

Marketing Fee

2%

Royalty Fee

Varies

Franchise Fee

$12,500-$25,000

Investment Range

$28K-$73K

Location units

Total U.S. Locations

2

U.S. Franchised Units

N/A

U.S. Corporate Units

2

Headquarters (City)

Dover

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2020

Issuance of FDD Data

03/05/2020

Detailed Franchise metrics for Codeadvantage

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Codeadvantage 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

Codeadvantage

0%

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

Codeadvantage

NA

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

Codeadvantage

NA

0%

Industry median

All franchises median

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Business details

Website

Business email

f********@codeadvantage.com

Mailing address

874 Walker Road, Suite C

State headquarters

Delaware

Contact Name

Codeadvantage

Phone

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

City

Dover

Zip code

19904
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