Kids Coding Franchise Great Potential

The Woodlands, TX
Montgomery County


Asking Price: Annual Revenue:
$40,000 $483,355

Services: Education & Training


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RE: Kids Coding Franchise Great Potential Broker: Rusty Fisher

Quick Facts

Asking Price: $40,000
Annual Revenue: $483,355
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $93,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 5
BBN Listing #: 76544107
Broker Reference #: 76931-772216

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Business Overview:

Located in a fast growing area near The Woodlands, this beautifully designed franchised business teaches children to code through the construction of video games, robots and drones. There are multiple revenue stream opportunities to exploit; subscriptions, after-school program, day camps, summer camp, parties, parents' night out, and more. As an absentee owner, the seller was not able to capitalize on several of the opportunities. A fully engaged owner has the opportunity to acquire this business at a fraction of the $205,000 asset value and build on the foundation that is in place.

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Property Features and Assets:

The franchise location was opened on May 4, 2019 after a 3-month construction delay. The opening came too late in the year to fully capitalize on opportunities for Summer Camps, the drop-in program, and after-school program. Despite the delayed opening there was a nice pickup in revenue during the summer. The business has been run absentee by the seller who has a full-time job too far from the center to be involved in the day to day activities. The original center director took advantage of the situation. She stole money and failed to perform her outside marketing duties putting the seller in a financial hole. The current center director and outside marketing person are improving the operations and can manage the business with oversight from an absentee owner who is focused on advertising and setting expectations.

Market Competition and Expansion:

The demand for coding knowledge is growing every year as seen by the rapid growth of the number of franchises in the system. Potential Growth In order to reach profitability it is critical that relationships with area schools are established to build the after-school program which can form the base of profitability. With the after-school program covering the fixed costs, profits can be realized by building the day camps, summer camps, parties and parents night out. As an example, the center in Sugarland booked over $100,000 in summer camp revenue.

Reason for Selling:

Relocating

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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