Wize Computing Academy Franchise Costs, Fees & FDD

Year Business Began: 2015

Franchising Since: 2018

Headquarters: Coppell, Texas

Estimated Number of Units: 45

Franchise Description: The franchisor is Wize Computing Academy Franchising, LLC. The franchisee will teach computer coding, robotics and related STEAM (Science, Technology, Engineering, Arts and Math) classes to children aged 4 to 18 years old, all under the name “Wize Computing Academy.” Classes are offered online and in-person at various host locations including public, private, and charter schools, preschools and recreation centers. Camps are offered during breaks in the school year. In most markets, franchisees will offer a hybrid of in-classroom, online and off-site camps to meet the wishes of parents, students, schools and government agencies. Weekend and evening classes may also be taught at host facilities.
Training Overview: Training is mandatory for franchisees and they may bring one additional person to the initial training program. The franchisor will provide a two-to-five-day class called “The Wize Computing Academy University” at or near its Coppell, Texas headquarters. Some portions of this training may be conducted online or through video classes. The training workweek is based on 40 hours per week but may exceed that projection. During the first month after opening, someone from the franchisor’s staff may spend a day with franchisees in their market for on-the-job training or provide similar training online. From time-to-time, the franchisor may hold annual conventions to discuss improvements in the Wize Computing Academy system, new class topics, training techniques, equipment, sales and pricing techniques, improved operating systems, quality control, advertising and promotional programs and accounting.

Territory Granted: Franchisees will be assigned an exclusive territory that will typically be a portion of a city, an area within specific boundaries, or a group of zip codes, depending on the demographics in the area. Franchisees may operate their business from their residence or a commercial building that has been accepted by the franchisor. Each territory will differ in size depending on local demographics. The franchisor uses US Census data and business directories to assist in evaluating a territory. In many markets, franchisees will have a territory with a population of approximately 250,000 residents. Franchisees are restricted from soliciting, marketing, selling and providing classes or other services under the Wize Computing Academy name (or any other name) to consumers at a site that is not within their exclusive territory without the franchisor’s prior approval.

Obligations and Restrictions: The franchisor does not require that franchisees personally supervise the franchised business. The business must be directly supervised, on a day-to-day basis, by a manager who has successfully completed the training program within 30 days of accepting the responsibilities of manager. The manager may not have an interest in, or business relationship with, any of the franchisee’s (or the franchisor’s) business competitors. The franchisor requires franchisees to offer and teach only the courses and provide other related services and sell products that the franchisor has approved. Franchisees are required to offer all the courses and provide related services and sell products as defined in the operations manual.

Term of Agreement and Renewal: The length the initial franchise term is 10 years. If franchisees are in good standing, they can renew for additional 10 year terms if requirements are met.

Financial Assistance: The franchisor generally does not offer financing or guarantees of any costs or leases associated with opening or operating a franchise. However, the franchisor may offer partial or full financing of the initial franchise fee if the franchisee has been an employee of the franchisor or an affiliate for more than 12 months or the franchisee has experience in childhood educational enrichment programs or technology training in the past, if otherwise qualified. If franchisees are a qualified veteran of the United States Armed Forces, the franchise fee will be 20% less than the then current full initial franchise fee.

Estimated Initial Investment

Name of Fee	Low	High
Initial Franchise Fee	$38,500	$38,500
Travel & Living Expenses while Training	$500	$2,500
Rent	$0	$750
Leasehold Improvements	$0	$500
Labor (Pre-Opening)	$0	$1,000
Computers, Software & Robotic Equipment	$5,000	$9,000
Office Furniture, Fixtures & Equipment	$0	$2,500
Legal, Accounting & Insurance	$1,000	$3,000
Inventory of Supplies	$250	$750
Grand Opening Promotion	$500	$2,500
Miscellaneous Opening Costs	$250	$2,000
Additional Funds (during initial three months period)	$1,000	$15,000
ESTIMATED TOTAL	$47,000	$78,000

 
Other Fees

Type of Fee	Amount
Royalty	8% of total gross receipts on the first $250,000 annually; 7% on the next $250,000, and 6% on all receipts in excess of $500,000 each year. Beginning in the thirteenth month of the school’s operation, a minimum monthly royalty of $600 will be due. From the twenty-fifth month of operations, a minimum monthly royalty of $800 will be due. From the start of the thirty-seventh month of operations through the end of the initial Franchise Agreement’s term the minimum monthly royalty due will be $1,000, regardless of actual receipts.
Advertising Fees	Up to 2% of total gross receipts of business annually.
Local Advertising	A minimum of 2% of total gross receipts on local advertising.
Monthly Software Support	Each franchisee must subscribe to a software development company for a system-wide management service and pay up to $150 monthly.
Additional Franchise Management Training	$2,000 per person is the current charge for the training of employees in excess of the two provided for in the initial franchise fee.
Transfer	25% of the initial franchise fee being charged to new franchisees at the time of the transfer will be due to the franchisor.
Renewal Fee	10% of the initial franchise fee being charged to new franchisees at the time of the renewal will be due the franchisor when franchisees renew their franchise license at the end of the 10 year term.
Audit	15% of the underpaid royalty plus 18% annual interest and the cost of the audit.
Late Payment Fee	Franchisees will incur a late fee of $100 if the royalty payment is not received within 7 days of the due date.
Interest	Franchisees must pay interest at an annual rate of 12% on any payments not made to the franchisor when due, subject to local jurisdiction.
Liquidated Damages	Three times the annual royalty due for the last twelve months that royalties were paid.

The above information has been compiled from the FDD of Wize Computing Academy. Year of FDD: 2025.
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