Icode
iCode franchises provide STEAM-based educational courses and programs for children and adults through two models: the iCode School program, which involves building a dedicated physical school and offering classes at various venues like schools, STEM centers, churches, and libraries within a protected area, and the iCode Reach program, which offers classes at such venues without a fixed school location. The business model revolves around licensing proprietary curricula, operations standards, and the iCode brand to franchisees who develop and operate these educational businesses. The target market includes children, families, schools, and community organizations seeking interactive STEM/STEAM learning experiences.
Franchise Costs
8% royalty + 2% brand development fee + $500/mo technology fee
Financial Performance
Item 19 Financial Performance
Data Based On: 6 franchised outlets that began their operation prior to 2021 and were open and operating for the full calendar year of 2024, 2023, and 2022.
Extracted Item 19 Section
How Icode Compares
Key Insights
- Higher investment than 92% of Children's Education & Enrichment franchises
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Icode Current | $316K – $461K | $40K | 8.0% | 47 |
| Mathnasium | $113K – $150K | $49K | 10.0% | 995 |
| MATHNASIUM LEARNING CENTERS; MATHNASIUM CENTERS, | $113K – $150K | $49K | 10.0% | 968 |
| SYLVAN LEARNING, SYLVAN LEARNING CENTER, SYLVAN | $108K – $239K | $37K | 11.0% | 469 |
| CLUB Z! | $41K – $57K | $27K | 8.0% | 328 |
| SOCCER SHOTS | $43K – $54K | $37K | 7.0% | 306 |
Children's Education & Enrichment Average 39 franchises | $205K – $385K | $41K | 7.7% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 39 Children's Education & Enrichment franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+7 more states
SBA Loan History
Historical SBA 7(a) loan data for Icode franchisees (2018 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
75 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
75 Contacts Available
Unlock all Icode franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
One franchisee dispute alleging fraudulent inducement, misrepresentation of build-out costs, and violations of the Texas Deceptive Trade Practices Act, resulting in termination of the franchise agreement.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Icode franchise ranges from $316,000 to $460,500. This includes a franchise fee of $40,000. Ongoing royalty fees are 8.0% of gross sales.
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Also includes FDDs for
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