Code Wiz Franchise: Costs, Fees, Profit & Locations

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FRANCHISE WEBSITE: https://codewizfranchise.com/

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Code Wiz is a child education franchise that offers classes in robotics and coding for kids from ages 7-17.

How Many Code Wiz Locations Are There?

Code Wiz was founded by Ruth Agbaji, who serves as its CEO, Founder, and “Nerd-In-Chief.” She got into coding by teaching herself and was fascinated by the idea of creating things using just a few words on a computer. Agbaji pursued further studies in Computer Science at Tufts University, and then worked as a software engineer at tech giants Microsoft and Kronos.

With a desire to make a meaningful impact on children's lives by sparking their interest in Science, Technology, Engineering, Arts, and Mathematics (STEAM) fields, Agbaji left her corporate job and established Code Wiz, a center where children of all abilities could learn to code in an interactive and project-driven environment. She aimed to inspire their imagination and help them realize their full potential through technology. Agbaji developed systems, processes and a curriculum that positioned Code Wiz as a leading franchise in child education for learning to code.

Today, Code Wiz has 22 locations across the United States and offers various programs designed to teach children robotics and coding skills in a fun and engaging way.

What Is The Code Wiz Business Model?

Code Wiz operates on a business model that focuses on providing customizable and flexible coding and robotics classes for children. Here's a breakdown of their business model:

Customizable Classes: Code Wiz offers a wide variety of cutting-edge classes designed to cater to children's abilities and interests. These classes are challenging, yet not overwhelming, ensuring that children are motivated to learn without feeling discouraged.
Online Dashboard: Children enrolled in Code Wiz classes have access to their own online dashboard. Through this platform, they can track and work on their projects, attend classes with engaging coaches and communicate with their friends.
Program Options: Code Wiz provides various program options, including coding and robotics classes, school vacation and summer camps, advanced coding classes, competitions, and fun events like family nights, parents' night out and date nights.
Unique Education Model: Code Wiz stands out with its unique education model, which includes the following core elements:
Montessori-Style Approach: Children drive their own learning, and the curriculum is customized for each child's individual needs and learning style.
Family Portal: Families have access to the Code Wiz Family Portal, where they can track their child's progress. Children earn "wiz bucks" as they complete classes and projects, which can be used in the merch store.
Achievement Rewards System: Children are rewarded for their effort and time, not just for completing courses. Recognition is given through badges and wiz bucks.
Cutting-Edge Courses: Code Wiz offers courses on the latest technology developments, ensuring that their curriculum remains relevant and up-to-date.

Code Wiz provides comprehensive support for franchise owners, who receive over 100 hours of training, launch assistance and ongoing operational support, as well as access to start-up financing and marketing support. Franchisees also receive access to brand-wide supplier contracts.

Marketing assistance includes automated systems, website optimization, social media resources and PR support. Business and technology support include family management software, KPI reporting, and financial management systems.

How Much Can Code Wiz Owners Make?

Earnings for Code Wiz owners are not publicly available.

How Much Does It Cost to Open a Code Wiz Franchise?

The total estimated cost to open a Code Wiz is $150,000 - $237,400. Here’s a breakdown of the associated costs:

Initial Franchise Fee: $45,000
Construction and Leasehold Improvements: $1,500 - $15,000
Lease Deposits (3 Months): $0 - $12,000
Furniture, Fixtures, and Equipment: $30,500 - $35,000
Signage: $11,200 - $13,000
Computer Equipment: $500 - $1500
Grand Opening Support: $10,000
Initial Marketing Expense: $10,000 - $15,000
Initial Instructional Equipment: $10,300 - $18,700
Utility Deposits: $500 - $1,200
Insurance Deposits (3 Months): $500 - $1,500
Travel for Initial Training: $2,000 - $3,500
Professional Fees: $500 - $3,000
Licenses and Permits: $0 - $3,000
Additional Funds (3 Months): $27,500 - $60,000
Total Estimate: $150,000 - $237,400

What Is the Franchise Fee for Code Wiz?

The franchise fee is $45,000. Veterans receive a 10% discount.

Who Are the Leaders of Code Wiz?

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Franchise Deep Dive: Code Wiz Franchise Costs, Fees, Profit and Data