Frequently Asked Questions
The Franchise Fee is $35,000. Our iCode floorplan models are 2500 and 3500 Square Feet. The buildout cost will vary based upon location size, geography and other factors and can range from $175,000 to over $343,000. Other costs will include furnishings, supplies and inventory.
Yes, the Royalty Fee is 8% of gross sales and the Advertising Fee is 2% of gross sales, both paid on a monthly basis.
As with any business venture there is no guarantee of success or profitability. Success is dependent upon many factors, especially how well you manage and market your franchise and also follow the company’s operating system. We take your success very seriously and provide extensive training, management tools, guidance and ongoing support.
We do not offer direct financing. However, we are happy to facilitate an introduction to commercial financing lenders that specialize in SBA loans and 401K rollovers. iCode is approved by the U.S. Small Business Administration (SBA) for SBA guaranteed loans.
We are looking for a high-traffic retail space, preferably in a shopping center with an attractive tenant mix that has middle to upper middle-class demographics and income levels and a strong student population (7-17) within a 3-5 mile radius.
Our Franchise Agreement provides a protected territory based upon the location of your iCode.
Our current policy provides an initial ten-year agreement that is renewable at the end of term to franchisees that are in good standing with the company.
Yes. Like any other business, you can sell your iCode to a buyer approved by the company. There is a transfer fee for administrative, legal and training expenses that affect the transfer, and the company has the right to match any offer you receive. iCode reserves the right to approve all sales.
Our franchise agreement is a valued document which we do not indiscriminately distribute. However, once you have completed the iCode Request for Consideration form, are prequalified and have completed a discussion with a member of our franchising team, we will be happy to provide you with a copy of our Franchise Disclosure Document (FDD) that includes an example of our franchise agreement.
What Our Franchisees Say
My wife and I were looking for some kind of coding and technology education for our own kids when we came across iCode. Being in IT myself, I knew I wanted them to get the “Why” and not just the “How” of a wide range of technology and computer science. We liked iCode’s approach and methodology so much, we decided to bring this to our own community.
iCode is a franchise opportunity that went from being a business relationship to a family. The support and willingness of our partners in corporate to work closely with us and help us actively in every step of the way has made the journey less fraught, even for a newcomer to this. We were always excited by the clear structured curriculum of iCode, which is a key differentiator compared to any other, but the plans and continuous growth have made us certain that we made the right choice. Last but not least, this is a journey we are enthusiastic about because we can make a difference in our communities and especially in the lives of children.
Kushangi and I were looking for a franchise opportunity. We were inundated with proposals for the usual food or services opportunities that were hard to differentiate. We than happened to pass by Paul and Elena. That casual conversation started getting more in depth in terms of curriculum and availability of suitable location. A meeting dedicated to understanding the curriculum made it very clear that lot of thought was put into developing the program and there was dedicated support to enhance/modify it as the technology evolved. At that point, it was evident to us that we needed to talk to Abid and discuss how to land the right location in DFW.