Profitable Established Franchise Coding School for Kids

theCoderSchool Fremont offers an after-school program teaching coding to students 7-17 years old. The business first opened in 2017, so it has an established brand name in the community. In order to be successful, this business is best for a hands-on owner willing to manage the day-to-day operations, sales and marketings. In this mode, the owner can achieve up to 20% profit margin, about $100,000. One other option is to hire a General Manager for about $60,000 to $75,000 (or 10% of revenue) bringing the profit to 10% or around $50,000. Last year's revenue was $315,000, and pre-covid was on track to $500,000. We have now implemented a hybrid online and in-person model, which has allowed us to move to a smaller location, with cheap rent, only $2,272/month, reduced operational costs and continues to now offer both online and onsite classes. theCoderSchool is a franchise and will offer training and ongoing support to ensure the success of the business. This is a business fully operational from day 1. The purchase price includes all the furniture and IT assets ($10,000), a franchise fee of $30,000 for another 5 years, a Tenant Improvement of $30,000, planning and permits ($10,000), 7 fully trained instructors, and 2 front desk administrative staff. There are currently 70+ students enrolled in the school with an average monthly subscription of $200. If you were to start this business today it would take 9 months and $150,000 in startup costs. Location: Fremont, California Year Established: 2017 Number of Employees: 9 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 826 Rent: $2,271.00 Per Month Lease Expiration: 3/21/2025 Facilities: 16 Computers with 24" monitor. Music system, Sonos Amp, in-ceiling speakers 4-camera security system with cloud access. Warrior Soccer professional Foosball table Website: fremont.thecoderschool.com Market Outlook/ Competition: theCoderSchool strength is in its customized curriculum and flexible class scheduling which ensures a high level of student engagement while offering a convenient arrangement for parents. There is one recent major competitor in the area that offers fixed curriculums and schedules. While there's local competition, there are over 10,000 students within 3 miles of the school, so there's plenty of room for both. Online competition is a new challenge, but we offer a personalized, California based teaching which provides higher quality results. Growth & Expansion: Coming into a post-covid market we are now offering a hybrid model option where students can choose to be online or onsite. Most of the current students are still online and there is a growing interest in in-person classes. We expect that after this summer the school will experience a boost in student enrollment. The school is currently well-positioned and prepared to acquire a new generation of students for this new post-covid market.