theCoderSchool
Bottom line
- Total investment $79K – $198K including a $30K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $307K/year (median $275K).
- Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 3 loans (below the industry average).
- System growing at 16.9% CAGR over 3 years with 72 total units — strong expansion trajectory.
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 theCoderSchool unit return on the cash you put in?
Unlevered ROIC · per unit
33%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 theCoderSchool units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$615K
on $3.1M purchase
Total debt
$2.5M
SBA $1.5M + senior + seller note
Overview
About
Franchisees operate coding/STEM education centers offering after-school programming, tutoring, and summer camps for children ages 7-18. Day-to-day operations include managing instructors, conducting classes (in-person and hybrid), handling student enrollment, and maintaining facility operations while adhering to curriculum standards.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
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
Meaningful profitability opacity combined with slow growth and undisclosed net income creates elevated risk despite lack of litigation and protected territories.
Score breakdown · what drove the 52 / 100 rating
- 01MINORNo Item 19 financial performance disclosure despite $307k avg revenue claim - cannot verify profitability independently
- 02MINORSlow unit growth of 6.2% YoY with only 72 locations suggests market saturation or franchisee struggles in competitive tutoring space
- 03MEDHigh initial investment range ($79-198k) relative to undisclosed net income creates unclear ROI visibility and payback period
- 04MEDNet income not disclosed in FDD - major red flag preventing accurate profit margin analysis and realistic earnings expectations
- 05HIGHGoing Concern status is FALSE - potential balance sheet or operational sustainability concerns at franchisor level
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
69 numbers
One-time purchase · CSV download · Validation questions included
FDD download
theCoderSchool · FDD (2026) PDF