iCode delivers STEAM-based educational courses and programs for children and adults through school and outreach formats. The franchise promotes innovation and technology learning in interactive environments.
Key Insights
- iCode began as a direct response to inefficiencies and limitations that existed in conventional service approaches, with founders committed to establishing superior alternatives that prioritize customer experience, operational excellence, and sustainable business growth through systematic improvement.
- Program structure allows for both collaborative group learning experiences and individualized attention based on specific student needs and learning objectives, creating supportive environments that encourage participation while addressing diverse academic requirements and learning preferences.
- Regulatory developments create opportunities for professional service providers who maintain compliance standards and quality certifications, establishing competitive advantages for businesses that invest in proper training, procedures, and documentation to meet industry requirements.
Franchise Fee and Costs to Open
Exploring the financial picture of iCode gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $316,000 - $460,500, along with a franchise fee of $40,000 - $40,000.
Financial Performance and Revenue
Yearly gross sales of $268,297 and estimated earnings of $26,830 - $32,196 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 14.7-16.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
iCode provides comprehensive initial training for new franchisees. This immersive program, lasting two weeks, is conducted at iCode's corporate headquarters. The franchisor offers a robust support system, including operational manuals and marketing collateral. iCode recommends utilizing their established curriculum and learning management system. Franchisees receive ongoing support and access to resources designed to foster successful business operations.
Legal Considerations
Legal considerations for a iCode franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Running an iCode franchise involves navigating local market dynamics, requiring an understanding of established coding academies and school programs. Operational execution demands efficient scheduling and instructor management, while maintaining curriculum standards. The business also relies on consistent access to technology and curriculum materials, necessitating proactive management of vendor relationships.
Franchise Datasheet
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