- 2022 Franchise 500 Rank
-
N/R Ranked #465 last year
- Initial investment
-
$198K - $360K
- Units as of 2022
-
23 187.5% over 3 years
Here’s what you need to know if you’re interested in opening a iCode franchise.
iCode focuses on computer science education for young people. As well as coding, iCode teaches computer languages, programming, robotics, and audio/visual arts using state-of-the-art equipment.
iCode was founded in 2015 and began offering franchises the following year. It has since grown to over one dozen franchises and is looking to expand its reach even further.
Why You May Want to Start an iCode Franchise
The iCode approach focuses on providing students with hands-on experience. iCode is more interested in outcomes than grades. An iCode franchise offers a comfortable learning environment in which students can master skills without pressure. The students will find that learning is fun. An iCode franchise is part of the local community, and franchisees are expected to reflect this commitment.
Potential franchisees don't have to be coders to open an iCode franchise. Rather, you should simply be interested in computer science and technology. An iCode franchisee is essentially responsible for operating a training center, so they should understand educational models and theories. An iCode franchise is a dynamic business and calls for a franchisee who can multitask, has highly developed people skills, and possesses a college degree.
As a franchisee, you will operate your center according to the iCode system. You will hire qualified teachers and staff and promote the brand in your area. If you decide not to manage the center yourself, the iCode team will help you find a director.
What Might Make an iCode Franchise a Good Choice?
iCode has been ranked in Entrepreneur's Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
Opening an iCode franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
To be part of the iCode franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open an iCode Franchise
Potential franchisees can open an iCode franchise in cities with a population greater than 250,000 to ensure sufficient potential students. The iCode company has its own curriculum, and the included teaching program is constantly evaluated and improved.
If a franchise is awarded, franchisees enjoy full support from iCode headquarters, which is located in Addison, Texas. The company works with a real estate firm to help find suitable locations in retail shopping centers to set up shop. As it can take at least six months to get your center up and running, iCode starts recruiting students long before you open. The students usually come from local elementary and middle schools.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the iCode franchising team questions.
Company Overview
About iCode
- Industry
- Children's Businesses
- Related Categories
- Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Education/Enrichment
- Founded
- 2015
- Parent Company
- iCode Franchise Inc.
- Leadership
- Mike Meyers, COO
Franchising Overview
- Franchising Since
- 2016 (6 years)
- # of employees at HQ
- 24
- Where seeking
-
This company is seeking new franchisees worldwide.
This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, West Virginia, Wyoming
- # of Units
- 23 (as of 2022)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a iCode franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $35,000
- Initial Investment
- $198,000 - $360,000
- Net Worth Requirement
- $250,000
- Cash Requirement
- $100,000
- Royalty Fee
- 8%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- iCode has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Classroom Training
- 20-30 hours
- Additional Training
- Virtual training
- Ongoing Support
-
Meetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesNational MediaSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 12-24
- Are exclusive territories available?
- Yes
Work with our free FranCoach and get what you need to start a iCode franchise.
Franchise 500 Ranking History
Compare where iCode landed on this year’s Franchise 500 Ranking versus previous years.
Want to stay updated on the latest franchise news?
Never miss a beat when you sign up to receive our newsletter.
We care about the protection of your data. Read our Privacy Policy
Related Franchises
Are you eager to see what else is out there? Browse more franchises that are similar to iCode.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
'It Was Like a Drug': How Dave's Hot Chicken Grew a Cult Following in an East Hollywood Parking Lot
What started as a parking lot pop-up expanded to 67 locations in less than five years. Here's how Dave's Hot Chicken became one of the fastest-growing food chains in the country.
Are You an Ideal Franchisee? Here's How to Find Out.
How does your personality compare? Do you like following rules or making the rules?
Fuel The Next Generation With Children's Business Franchising
There's endless opportunity in kid-friendly startups.
Buying a Franchise? Make Sure the Marketing Process Is Worth It
Make sure the franchise you buy, and their marketing system, are worthy of your time and investment.
Secure a B2B Company of Your Own With a Business Services Franchise
There are many ways to own a business that helps other businesses thrive.
Is a Home-Based Business Right for You? Ask Yourself These 5 Questions First
The lifestyle that comes with a home-based franchise may seem carefree, but it's not for everyone. Here are five questions to ask yourself to see if this type of business is for you.