ADDISON, Texas – iCode announced today that it has been named to Entrepreneur magazine’s Franchise 500®list, considered the world’s first, best and most comprehensive franchise ranking. The brand was rated number 465 in the “children’s business” category.
The recognition received by iCode highlights the successful expansion made by the company in 2020. The brand had several openings last year, which brings iCode’s total number of locations to 26 in communities across the United States.
“It’s such an honor to be placed on this list for the first time ever by Entrepreneur,” said iCode founder and CEO Abid Abedi. “We are excited to build upon our momentum from this past year and expand into new markets. This new year is about creating lasting partnerships, supporting existing one and filling the gaps for truly exceptional computer science education for children. We feel very optimistic looking into the future.”
The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” says Jason Feifer, Entrepreneur editor-in-chief. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
iCode differentiates itself in the fast-growing computer science education industry with its state-of-the-art facilities and proprietary curricula. Through its robust menu of offerings, including popular summer camps and gaming leagues, the brand has built a business that supports multiple revenue streams. With four classrooms in each center, multiple programs can be taught at one time, which is unique in the coding education space. As it plugs into franchise growth, iCode is equipped with a thorough support structure and exceptional leadership.
Entrepreneurially spirited individuals interested in owning a iCode franchise should have the ability to invest $149,000, which includes working capital and a typical franchise fee of $35,000.
Over its 42 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. iCode’s position on the ranking is a testament to its strength as a franchise opportunity.
To view iCode in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2020 issue of Entrepreneur, available on newsstands January 26th.
To learn more about iCode,visit: https://icodeschool.com.
For more information about available franchise opportunities, visit: http://www.icodefranchise.com.
About iCode
iCode, a national computer science education franchise offering after school and summer programs, equips children with the skills and knowledge to compete in today’s technological environment. Committed to quality and providing in-depth learning experiences, the brand’s proprietary curricula and several unique technology education programs set it apart in the fast-growing coding education space.
iCode’s franchise opportunity allows entrepreneurs to break into the booming technology industry with multiple revenue streams. Now franchising and with prime markets available, iCode is seeking qualified franchise candidates across the United States.
For more information on the iCode franchise opportunity, visit http://www.icodefranchise.com.
About Entrepreneur Media Inc.
For 42 years, Entrepreneur Media Inc. has been serving the entrepreneurial community providing comprehensive coverage of business and personal success through original content and events. Entrepreneur magazine, Entrepreneur.com, and publishing imprint Entrepreneur Press provide solutions, information, inspiration and education read by millions of entrepreneurs and small business owners worldwide.
To learn more, visit entrepreneur.com.
