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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
8% royalty + 2% brand development fee + $500/mo technology fee
Franchise Stats
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 to Other Children's Education & Enrichment Franchises
Key Insights
- Higher investment than 92% of Children's Education & Enrichment franchises
| Franchise | Investment Range | Franchise 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
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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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)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a Icode franchise?
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.
How much revenue does a Icode franchise make?
According to the 2025 FDD, the average gross revenue for a Icode franchise is $394,063. The median revenue is $268,297.
How many Icode franchise locations are there?
As of the 2025 FDD, Icode has 47 franchise locations. The company has been franchising since 2016.
Can you get an SBA loan for a Icode franchise?
Yes, SBA loans are available for Icode franchises. Historical data shows 35 SBA 7(a) loans have been approved for Icode franchisees, with an average loan amount of $267,926. The historical default rate is 2.9%.
Is Icode a good franchise to buy?
Icode shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in Icode?
Talk to a franchise advisor to get personalized guidance and learn if Icode is the right fit for you.
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