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We extract fees, Item 19 financials, franchisee contacts, SBA default rates, litigation, and outlet data from every FDD — so you can compare brands in minutes, not months. Used by multi-unit operators, consultants, and franchise development teams.

Icode

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.

61locations
$296K–$447K
Since 2016
Education & TrainingFrisco, TXiCode, LPwww.icodefranchise.comDisclaimer

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Franchise Costs

Franchise Fee
$40,000
Initial Investment
$296,000 – $446,500
Royalty Rate
8.00%
Brand Fund
2.00%
Fixed Monthly Fees
$500 – $500

8% royalty + 2% ad fund + $500/mo technology fee

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$308,466.38
Median Gross Revenue
$216,065
Top Quartile Revenue
$566,365
Bottom Quartile Revenue
$144,158

Data Based On: 37 franchised iCode Schools that operated for the full period from January 1, 2025 to December 31, 2025, separated into 4 Quartiles based on average Gross Sales.

* Calculated weighted average gross revenue from the 4 quartiles: (9 units × $566,365 + 9 units × $317,697 + 9 units × $223,902 + 10 units × $144,158) / 37 total units = $308,466.38. Median gross revenue is taken from Quartile 3, as the 19th unit (median of 37 units) falls within this quartile. Profit metrics are not available as the document explicitly states that the figures reflect only revenue and do not include costs of sales, operating expenses, debt service, equipment lease costs, or taxes.

Extracted Item 19 Section

Avg. Revenue: $308,466

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How Icode Compares

Key Insights

  • Higher investment than 92% of Children's Education & Enrichment franchises
FranchiseInvestmentFeeRoyaltyLocations
Icode
Current
$296K – $447K$40K8.0%61
Mathnasium$113K – $150K$49K10.0%995
MATHNASIUM LEARNING CENTERS; MATHNASIUM CENTERS,$113K – $150K$49K10.0%968
SYLVAN LEARNING, SYLVAN LEARNING CENTER, SYLVAN$118K – $288K$47K11.0%433
CLUB Z!$41K – $57K$27K6.0%319
SOCCER SHOTS$43K – $54K$37K7.0%313
Children's Education & Enrichment Average
39 franchises
$208K – $393K$42K7.7%–

* 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 (2025)

Outlets by state across the United States

Top States
1Texas
17
2Washington
5
3Maryland
4
4Michigan
3
5Arizona
3
6New Jersey
3
7North Carolina
3
8Tennessee
3
9Virginia
3
10Illinois
2
11Oklahoma
2
12California
2
13Nevada
1
14Arkansas
1
15New York
1

+7 more states

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SBA Loan History

Historical SBA 7(a) loan data for Icode franchisees (2018 – 2025)

Total Loans
35
Average Loan
$267,926
Total Volume
$9.4M
Default Rate
2.9%

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.

35 SBA loans on record

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Franchisee Contacts

80 franchisee contacts on file from official FDD filings.

80 Contacts Available

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Due Diligence

Litigation (Item 3)

Franchisee Cases1

Primarily disputes related to alleged misrepresentations about leasehold improvement costs and seeking rescission of the franchise agreement.

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
5
Non-Renewals
0
Reacquired
0
Ceased Ops
0
Transfers
4
Sold to Franchisees
3
Projected New
38

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Frequently Asked Questions

The total initial investment to open a Icode franchise ranges from $296,000 to $446,500. This includes a franchise fee of $40,000. Ongoing royalty fees are 8.0% of gross sales.