Code Wiz Franchise FDD, Profits & Costs (2025)
Code Wiz is an innovative franchise specializing in coding and robotics education for children aged 7 to 17. Founded in 2017 by Ruth Agbaji, a software engineer with a passion for empowering youth through technology, the company is headquartered in Westford, Massachusetts. Recognizing the growing demand for STEM education, Code Wiz began offering franchise opportunities in 2019 to expand its reach and impact.
The franchise offers a diverse range of programs, including coding classes, robotics workshops, and summer camps, all designed to make learning engaging and accessible. What sets Code Wiz apart is its personalized approach to education; students progress at their own pace under the guidance of knowledgeable instructors, ensuring a customized learning experience that caters to individual needs.
Since its inception, Code Wiz has experienced significant growth, with numerous franchise units established across various states. This expansion reflects the increasing recognition of the importance of coding and robotics skills in today’s digital world, as well as the effectiveness of Code Wiz’s unique educational approach.
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Initial Investment
How much does it cost to start a Code Wiz franchise? It costs on average between $150,000 – $237,000 to start a Code Wiz franchised center.
This includes costs for setup, equipment, educational materials, and initial operating expenses. The exact amount depends on various factors, including the size of the facility, the location, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $45,000 |
| Construction and Leasehold Improvements | $1,500 – $15,000 |
| Lease Deposits – Three Months | $0 – $12,000 |
| Furniture, Fixtures, and Equipment | $30,500 – $35,000 |
| Signage | $11,200 – $13,000 |
| Computer Equipment | $500 – $1,500 |
| 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 – Three 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 – Three Months | $27,500 – $60,000 |
| Total Estimate | $150,000 – $237,400 |
Average Revenue (AUV)
How much revenue can you make with a Code Wiz franchise? A Code Wiz franchised facility makes on average $236,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $350,000 yearly revenue for similar other education franchises. Below are a few Code Wiz competitors as a comparison:
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We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
Code Wiz Franchise Disclosure Document
Frequently Asked Questions
How many Code Wiz locations are there?
As of the latest data, Code Wiz operates over 10 locations across various states in the U.S., including both company-owned and franchise-owned centers.
What is the total investment required to open a Code Wiz franchise?
The total investment required to open a Code Wiz franchise ranges from $150,000 to $237,000.
What are the ongoing fees for a Code Wiz franchise?
Code Wiz franchisees pay a 6% royalty fee on gross sales and contribute up to 2% of gross sales to the Brand Development Fund for national marketing. Additionally, franchisees must spend a minimum of $1,500 monthly on local marketing efforts.
What are the financial requirements to become a Code Wiz franchisee?
To become a Code Wiz franchisee, candidates should have a minimum net worth between $100,000 and $250,000, with at least $80,000 in liquid capital.
This financial foundation ensures that franchisees are well-prepared to manage the initial investment and operational costs associated with launching and sustaining a successful Code Wiz learning center.
How much can a Code Wiz franchise owner expect to earn?
The average gross sales for a Code Wiz franchise are approximately $0.24 million per location. Assuming a 15% operating profit margin, $0.24 million yearly revenue can result in $36,000 EBITDA annually.
Who owns Code Wiz?
Code Wiz is owned by Tutor Doctor, a leading provider of one-to-one private tutoring services. Tutor Doctor acquired Code Wiz in March 2021 to expand its educational offerings in the growing coding and STEM education sector.
Disclaimer
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