Code Wiz Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Code Wiz is a children's education franchise teaching coding and robotics to kids ages 7 to 17. Franchisees run learning centers, managing instructors, curriculum, and enrollment.
FranchiseVerdict summary · 2026
A Code Wiz franchise requires a total initial investment of $150K – $237K, including a $45K franchise fee and an ongoing 6.0% royalty[2]. The 2023 FDD does not disclose unit-level revenue (no Item 19). SBA 7(a) loans show a 0.0% charge-off rate across 12 loans[1]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2023 FDD issuance
Overview
- Investment
- $150K – $237K
- 44th pct Education
- Avg gross sales
- N/A
- Incl. company outlets
- Royalty
- 6.0%
- 6th pct Education
- Units
- 8
- 25th pct Education
- SBA charge-off
- 0.0%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Education · color = vs category peers
Green = favorable by >10% vs Education avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $150K – $237K including a $45K franchise fee, 6.0% ongoing royalty.
- RETURNSFY2022 total revenues of $250,590 comprise franchise sales $212,300, royalties $27,370, and other revenues $10,920 (no brand fund contributions). Audited statements for years ended Dec 31, 2022, 2021, 2020. 2022 net loss of $(362,744); member's deficit $(275,771). Auditor firm located at 2580 East Harmony Road, Ste. 301-10, Ft. Collins, CO 80528 (firm name not legible in extracted text).
- RISKVerdict B (Above average), verdict score 54/100 (higher is better). SBA loan charge-off rate of 0.0% across 12 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- DATAItem 19 reports Gross Sales (annual, by outlet) rather than annual gross sales, so unit revenue is not directly comparable. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Code Wiz Franchise System, LLC
- Parent company
- Clear Summit Group, Inc. (formerly Franchise Equity Group, Inc.)
- CEO title
- Chief Executive Officer and President
- Ruth Agbaji
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- MA
- HQ
- 175 Littleton Rd, Westford, Massachusetts 01886
- Auditor
- Reese CPA LLC
- Audited financials
- Franchisor revenue
- $251K
- vs $64K prior year
Overview
About
- CEO
- Ruth Agbaji
- Headquarters
- MA
- Founded
- 2018
- FDD year
- 2023
- States available
- 7
Can you afford it, and what does the money buy?
Entry cost runs 71% below the typical education franchise.
Source: FDD 2023 · Items 5–7
FDD Item 7 · 2023 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $45K | $45K |
| Working capital (3–6 mo) | $28K | $60K |
| Equipment, build-out, other | $78K | $132K |
| Total initial investment | $150K | $237K |
Source: Code Wiz 2023 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $150K – $237K
- Middle of category vs category
- Liquid capital req'd
- $28K – $60K
- Middle of category vs category
- Franchise fee
- $45K – $45K
- Top 40% of category vs category
- Royalty
- 6.0%
- percentage · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $450 |
| Transfer fee | $23K |
| Renewal fee | $11K |
| Inventory (initial) | $10K – $19K |
| Total fee load | 8.0% of rev |
What do units actually make?
Source: FDD 2023 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Code Wiz did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Code Wiz unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
47%
Within the 30–60% "attractive franchise" band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2023 FDD
Financial Performance
FY2022 total revenues of $250,590 comprise franchise sales $212,300, royalties $27,370, and other revenues $10,920 (no brand fund contributions). Audited statements for years ended Dec 31, 2022, 2021, 2020. 2022 net loss of $(362,744); member's deficit $(275,771). Auditor firm located at 2580 East Harmony Road, Ste. 301-10, Ft. Collins, CO 80528 (firm name not legible in extracted text).
Includes company-owned outlets
- Item 19 type
- Gross Sales (annual, by outlet)
- Sample size
- 3
- vs category median 17 · small
- Range (low → high)
- $97K→$236K
- Cohort dispersion (min → max)
- Reporting year
- 2022
- Fiscal year the figures cover
- Source filing
- FDD 2023
- Disclosed in the 2023 filing, covering 2022
- Transparency
- 0 / 10
- vs category median 4 / 10 · below
Compared against 204 Education brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 8.0% — below the Education average of 10.6%.
Disclosure
Item 19 reports Gross Sales (annual, by outlet) rather than annual gross sales, so unit revenue is not directly comparable.
Operator retention
Net unit growth of +133.3% over 3 years (6 opened, 0 closed).
Multi-unit rate
33% of franchisees own multiple units, a moderate multi-unit rate.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Education averages
How Code Wiz Compares
Is the system healthy?
Source: FDD 2023 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 8
- Opened
- 6
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 88%
- vs corporate-owned
- Multi-unit owners
- 33.3%
- Net growth (3-yr)
- +133.3%
- Net unit change over 3 years
- 3-yr CAGR
- +133.3%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 6
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 16
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 7 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
7
states with franchisees (per FDD Item 12)
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 12
- Loan volume
- $1.7M
- Median loan
- $142K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 5
- Defaults
- 0
- Typical loan rate
- 8.9%
- avg rate to borrowers
- Franchised industry avg
- 14.3%
- brand beats franchise avg ↓
- Jobs supported
- 58
- 3.8 per loan
- Lender concentration
- 40%
- top lender's share
Borrower mix: 100% went to startups / new businesses, 0% to established operators
Franchise vs independent — in computer training, franchised businesses charge off at 14.3% vs 24.0% for independents — franchising is associated with 40% lower SBA default risk in this category.
Top lenders financing Code Wiz franchisees
Showing 3 of 5 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Code Wiz's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 4 lenders with concentration factor
- Per-state charge-off rates across 7 states
- Startup risk premium and job creation velocity
- 5-year lending trend
Instant access. No subscription.
With a 0.0% charge-off rate across 12 loans, banks have historically viewed this brand favorably for lending.
What could kill this investment?
SBA loans charge off at 0.0% — 100% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Code Wiz presents elevated risk due to missing financial disclosures (Item 19), franchisor going concern issues, micro-system size, and inability to validate unit profitability claims.
Litigation (Item 3)
No litigation required to be disclosed.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Reese CPA LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 54 / 100 verdict
- 01MEDNo Item 19 (Average Revenue/Net Income) disclosed — impossible to assess unit economics or ROI on $150k-$237k investment
- 02HIGHGoing Concern status is FALSE, indicating potential financial instability at franchisor level
- 03MINOROnly 9 units system-wide is extremely small; hypergrowth claim (133% YoY) means system grew from ~4 units, reducing statistical reliability
- 04MINORHigh franchise fee ($45k) relative to total investment suggests front-loaded franchisor revenue model with risk-sharing skewed toward franchisee
- 05MEDNo litigation disclosed but 'Going Concern: False' suggests undisclosed financial stress or operational problems
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2023 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 5 mi |
| Territory population | 15,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 15 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Westford, Massachusetts |
| Jury trial waiver | Yes |
| Governing law | MA |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed.
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 100 hrs
- Training location
- Westford, Massachusetts and Online; Key Personnel at Franchisee's Location
- Ongoing training
- Required
- Time to open
- 9 mo
- From signing to launch
- Site selection
- Franchisee selects, franchisor approves
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
17 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Code Wiz · FDD (2023) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Code Wiz franchise?
The total investment to open a Code Wiz franchise ranges from $150K – $237K, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Code Wiz franchise owners earn?
Code Wiz does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Code Wiz FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Code Wiz FDD and qualifies whose outlets they describe.
What is Code Wiz's franchise failure rate?
Based on SBA 7(a) loan data, Code Wiz has a charge-off rate of 0.0% across 12 loans, meaning 0.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Code Wiz franchise locations are there?
As of their most recent FDD filing, Code Wiz has 8 total units in the United States, including 7 franchised units and 1 company-owned units. 6 new units were opened in the latest reporting year.
Is Code Wiz a good franchise to buy?
FranchiseVerdict rates Code Wiz as a B-grade franchise with a verdict score of 54 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent Code Wiz, you can request corrections or provide updated information.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.