Bottom line
- Total investment $150K – $237K including a $45K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 59/100. SBA loan default rate of 0.0% across 24 loans (below the industry average).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Code Wiz unit return on the cash you put in?
Unlevered ROIC · per unit
47%
In Yale's "attractive" band (30–60%)
Overview
About
Code Wiz appears to be a coding/STEM education franchise, likely operating tutoring centers or after-school programming for children. Franchisees would manage curriculum delivery, student recruitment, instructor hiring/training, and center operations, though exact service model is unconfirmed without disclosure review.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 7 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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.
Score breakdown · what drove the 59 / 100 rating
- 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
- 05HIGHNo litigation disclosed but 'Going Concern: False' suggests undisclosed financial stress or operational problems
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
15 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Code Wiz · FDD (2023) PDF