- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$249K - $408K
- Units as of 2023
-
31 121.4% over 3 years
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: STEM, Children's Enrichment Programs: Miscellaneous, Tutoring, Children's Education/Enrichment |
| Founded | 2015 |
| Parent Company | iCode Franchise Inc. |
| Leadership | Randall McGee, VP Franchising & Operations |
| Corporate Address |
4577 Ohio Dr. Frisco, TX 75035 |
| Social | Facebook, Twitter, LinkedIn, Instagram |
Business Overview
| Franchising Since | 2016 (8 years) |
|---|---|
| # of employees at HQ | 24 |
| Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming This company is offering new franchises in the following international regions: Asia, Australia/New Zealand, Middle East, Europe (Western), Canada, South America, Mexico |
| # of Units | 31 (as of 2023) |
|
|
|
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
|
$249,000 - $408,000 |
|
Net Worth Requirement
|
$400,000 - $600,000 |
|
Cash Requirement
|
$100,000 - $200,000 |
|
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.
| On-The-Job Training | 10-20 hours |
|---|---|
| Classroom Training | 20-40 hours |
| Ongoing Support |
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
National Media
Social Media
SEO
Website Development
Email 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?
|
Yes |
| # of employees required to run | 6 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where iCode landed on this year's Franchise 500 Ranking versus previous years.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to iCode.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
I Built a $1 Million Business While Overcoming a Disability — Here's How I Did It
When facing struggles and setbacks, dream big, embrace your true self, and disregard any limits others impose on you. Ultimately, what truly counts is the effort you put into achieving your goals.
The Franchise Industry is on The Verge of Massive Change With Private Equity's Potential $8 Billion Acquisition of Jersey Mike's
Two iconic brands, Subway and Jersey Mike's, may sell to private equity after years of being closely held. Heavyweight PE firms are an increasing force within the franchising sector, marking a strategic shift and altering the industry landscape.
3 Ways to Get on The Road to Franchising — And How to Find the Right Business For You
Although franchising contributes significantly to the US economy, most US business schools lack dedicated franchising curriculums. These three sources will help you get started and find out which franchise is right for you.
Looking for a Spotless Investment Opportunity? Discover the Best Cleaning Franchises to Own in 2024.
From sparkling floors to polished windows, clean your way to success with the best cleaning franchises, according to the 2024 Franchise 500 Ranking.
One Factor Is Helping This Entrepreneur Tackle Business Ownership Later in Life. Now, She's Jumping Into a $20 Billion Industry.
Stacey Howell has reinvented herself multiple times. In her latest move, she leverages her extensive corporate career, history of public service and experience running a nonprofit as a Woodhouse Spa franchisee.
This Franchise Leader Just Became the Newest Investor on Dragons' Den, the Canadian Shark Tank
Brian Scudamore, founder and CEO of 1-800-GOT-JUNK?, is joining the cast of Dragons' Den in Canada.
