iCode Franchise FDD, Profits & Costs (2025)
iCode is a leading franchise dedicated to providing technology education for kids and teens, with programs focusing on coding, robotics, and essential digital skills. Established in 2016 in Coppell, Texas, iCode has rapidly gained recognition in the STEM education space.
Its headquarters remain in Coppell, where the franchise continues to develop innovative learning programs.
The brand began franchising in 2018 to bring high-quality technology education to students nationwide. iCode delivers a well-rounded curriculum covering coding languages, robotics, game development, and other technology-driven subjects.
What makes iCode stand out from other tech education providers is its structured, project-based learning model, which prioritizes real-world applications.
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Initial Investment
How much does it cost to start a iCode franchise? It costs on average between $298,000 – $427,000 to start a iCode franchised facility.
This includes expenses for facility setup, technology equipment, learning materials, and initial operational costs. The total investment varies based on several factors, such as the size of the learning center, its location, and whether the franchisee opts to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $35,000 |
| Architecture and Project Management | $16,000 to $18,000 |
| Leasehold Improvements | $90,000 to $135,000 |
| Lease Deposits | $4,000 to $10,000 |
| Furnishings | $20,000 to $24,000 |
| Glass Walls and Doors | $35,000 to $45,000 |
| Computers/IT Installation | $40,000 to $55,000 |
| Technology Fee | $1,425 |
| Grand Opening Advertising | $5,000 |
| Classroom/Office Supplies | $1,000 to $1,500 |
| Course Inventory | $13,000 to $15,000 |
| Student Supplies | $2,000 to $3,000 |
| Signage and Graphics | $12,000 to $16,000 |
| Flooring Materials | $4,000 to $6,000 |
| Insurance | $2,000 to $5,000 |
| Initial Training Program | $2,000 to $4,000 |
| Professional Fees | $1,000 to $3,500 |
| Additional Funds (3-month period) | $15,000 to $45,000 |
| Total | $298,425 to $427,425 |
Average Revenue (AUV)
How much revenue can you make with a iCode franchise? A iCode franchised business makes on average $197,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $205,000 yearly revenue for similar tutoring franchises. Below are a few iCode competitors as a comparison:
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iCode Franchise Disclosure Document
Frequently Asked Questions
How many iCode locations are there?
As of 2024, iCode operates 46 locations across the United States, comprising 44 franchised units and 2 company-owned units. Earlier in 2024, the company announced reaching its 100th signed franchise agreement, indicating plans for further expansion. This growth highlights iCode’s focus on advancing STEM education nationwide.
What is the total investment required to open a iCode franchise?
The total investment required to open a iCode franchise ranges from $298,000 to $427,000.
What are the ongoing fees for a iCode franchise?
The ongoing fees for an iCode franchise include a royalty fee of 6% of gross revenue, which contributes to the continued support and development of the franchise system.
Additionally, franchisees are required to pay a marketing fee of 2% of gross revenue, which is allocated toward brand development, national advertising, and promotional efforts to drive customer engagement and growth.
What are the financial requirements to become a iCode franchisee?
To become an iCode franchisee, candidates must meet certain financial requirements. This includes a minimum net worth of $300,000 to demonstrate overall financial stability and the capacity to support the business.
Additionally, prospective franchisees are required to have at least $100,000 in liquid capital to cover initial investments and operational expenses during the startup phase.
How much can a iCode franchise owner expect to earn?
The average gross sales for a iCode franchise are approximately $0.2 million per location. Assuming a 15% operating profit margin, $0.2 million yearly revenue can result in $30,000 EBITDA annually.
Who owns iCode?
iCode is a privately owned company, founded by Abid Abedi. Abedi, an experienced entrepreneur, established iCode to provide high-quality STEM education and coding programs for children. Under his leadership, iCode has grown into a prominent player in the education and technology franchising sector.
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