The Coder School Franchise – Costs, Fees & Earning Stats
Net Worth Requirement:
Units in Operation:
$75,250 – $150,650
The Coder School is a computer and customer service business that offers courses for kids aged 7-18. The company was founded in 2014 by Hansel Lynn and is based in California. In this article, we will discuss The Coder School franchise, including the company’s fees, costs, and earnings potential.
Is The Coder School a franchise?
The Coder School is a franchise that was founded in San Francisco in 2014 and began franchising in 2015. The Coder School currently has locations across the United States. Each location is independently owned and operated by a franchisee. However, all of the schools follow the same model. They offer 2:1 classes for students and each school is staffed by experienced coders who are passionate about helping others learn to code.
The Coder School is united by the shared commitment to providing high-quality coding education and working together to support each other in achieving this goal in this customer-oriented business.
How many The Coder School franchises are there?
The Coder School has been expanding since it was founded in 2014. At the start of 2022, there were over 52 locations across the United States. The Coder School’s unique approach to teaching coding has been successful and as a customer service business, it shows no signs of slowing down.
The Coder School offers a variety of curriculums for students from introductory classes for beginners to more advanced programs for more experienced coders.
The Coder School camp teaches kids how to code through fun and interactive activities in a 1:6 teacher-to-student ratio that ensures that each child gets the attention they need to learn and grow. The experienced Code Coaches are passionate about helping kids succeed and the camps are open to kids of different ages and skill levels.
How much does a The Coder School franchise cost?
Interested in opening your own The Coder School franchise? Here’s what you need to know about the cost of franchise ownership. For your initial investment, you can expect to spend between $75,250 – $150,650. This includes local cost factors, the cost of furniture, equipment, signage, initial inventory, and more.
To be a franchise owner, you’ll also need to have liquid assets of at least $50,000 and a net worth of at least $250,000.
Of course, the actual amount you’ll need to invest will vary depending on the location of your franchise and how good you are at negotiating for the best rates. If you’re looking for a The Coder School franchise opportunity, make sure to understand all the costs involved before making any decisions.
However, with a relatively low initial investment and a proven business model, owning The Coder School franchise can be a great way to start your own business in the exciting field of coding education.
What is The Coder School franchise fee?
The Coder School initial franchise fee is $29,950. In addition to the franchise fee, you will also need to pay a monthly brand fund fee of 1% of gross sales and a 5% royalty on gross sales.
The Coder School is a unique franchise opportunity. Instead of after school music lessons, The Coder School will teach kids to code. They offer a playbook that efficiently gets you up and running quickly.
The company’s training program will equip you with the knowledge and skills you need to succeed. With ongoing support, it’s an opportunity to make a difference in the lives of young people and the community as a whole.
How much do The Coder School franchise owners make?
This is a great question and the answer, of course, varies depending on a number of factors, including the location of the franchise, the size of the school or camp, and the owner’s experience level. However, the table above will give you a general idea of what franchise owners can make as there are multiple successful locations.
According to the table above which provides revenue and EBTIDA data from 40+ locations in 2021, the average revenue per franchise is $297,936 with the median being $269,122. The average EBITDA was $91,994 with the median being $68,399. Of course, these are just averages and medians. Some franchise owners earned more than this while others earned less.
The Wolf’s Take
The Coder School has a low investment profile for a retail franchise, a clear niche it’s targeting, and healthy growth since it started franchising in 2015.
Education franchises in general fared okay during covid as they were able to pivot to online classes, and The Coder School was no different.
Coming out of covid they now have a stronger offering, as remote learning options have been integrated into their services. With the demand for digital products and services increasing every day, coding is a skill that will be needed for years to come – and The Coder School’s brand makes it clear who their customer is.
With average EBITDA of ~$92K off of a $150K investment, this franchise has a very healthy ROI that can start to compound with multiple units!
The Coder School franchise is a good opportunity for those interested in the education industry. With a relatively low initial investment and a proven business model, owning one of The Coder School franchises can be a good way to start your own business. The Coder School is definitely a franchise worth considering.
This is not investment advice. As always, look at the franchise disclosure document and do your own research and due diligence before investing and realize any investment may go to zero.
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