How Low is the Investment Needed to Open an iCode Franchise?
iCode franchisees are passionate about the iCode brand and committed to providing exceptional products with high-quality customer service. To qualify as an iCode franchisee, you must have access to at least $100K liquid capital, meaning cash, including savings, or any assets that can be liquidated quickly.
Our ideal franchising candidate wants to grow with the company and have the flexibility to adapt as the brand adapts. While knowledge of computer science or previous business ownership is not required, we do prefer that you have leadership experience and a keen interest in running a business.
So, if you have the ability, the passion, and the capital to partner with an exceptional franchise for kids’ STEM, please fill out our online form or call 469-608-7023 to talk to one of our consultants about joining the iCode family today.
The iCode Expenditure Guarantee
Get ready to hear something you’ve never heard before, no matter how many times you’ve explored investing in Franchises. Using our innovative “iCode in A Box” model, iCode guarantees that most of the line items listed here will not exceed the estimated amounts. (“Leasehold improvements” and “Additional Funds” are the only exceptions) Schedule a call using the form below to find out how easy we can make building a new iCode campus near you.
iCode In A Box
iCode’s “iCode-In-A-Box” program offers a comprehensive turnkey solution that streamlines the launch of an iCode campus by providing everything needed—from state-of-the-art equipment and stylish furniture to branded signage and supplies—ensuring a seamless setup process. This package not only saves franchisees time and money by eliminating the need to source and coordinate various components but also maintains a consistent brand image across locations. By offering a one-stop-shop that covers all aspects of campus setup, from practicalities to aesthetics, this solution allows entrepreneurs to focus on critical tasks like partnerships and sales, accelerating their path to profitability and success in a competitive business landscape.
Floor plan sizes range from 1,800 to 2,000 square feet on average. Depending on location, size, and other variables noted, your actual costs may be higher or lower than the estimates reflected in this chart.
| Type of expenditure | Amount | Method of payment | When due | To whom payment is made | |
|---|---|---|---|---|---|
| Low | High | ||||
| Initial Franchise Fee | $40,000 | $40,000 | Lump sum | Upon signing agreement | iCode |
| Architecture and Project Management | $15,000 | $15,000 | Lump sum | Upon signing the lease | Us, Affiliate, or approved vendor |
| Leasehold Improvements* | $140,000 | $185,000 | Lump sum | Upon signing the lease | Contractors/vendors |
| Lease Deposits | $4,000 | $10,000 | Lump sum | Upon signing the lease | Landlord/vendors |
| Furnishings | $15,000 | $25,000 | Lump sum | At Time of Order | Us, Affiliate, or approved vendor |
| Glass Walls and Doors | $25,000 | $35,000 | Lump sum | At Time of Order | Us, Affiliate, or approved vendor |
| Computers/IT Installation | $30,000 | $60,000 | Lump sum | At Time of Order | Us, Affiliate, or approved vendor |
| Technology Fee | $1,500 | $1,500 | Lump sum | At Time of Order | Us, Affiliate, or approved vendor |
| Classroom/Office Supplies | $1,000 | $2,000 | Lump sum | At Time of Order | Approved vendor |
| Course Inventory | $6,000 | $10,000 | Lump sum | At Time of Order | Approved vendor |
| Student Supplies | $2,000 | $3,000 | As arranged | As arranged | Approved vendor |
| Signage and Graphics | $10,000 | $13,000 | Lump sum | At Time of Order | Us, Affiliate, or Approved Vendor |
| Flooring Materials | $4,000 | $6,000 | Lump sum | At Time of Order | Us, Affiliate, or Approved Vendor |
| Insurance | $2,000 | $5,000 | As arranged | As arranged | Approved Vendor |
| Initial Training Program | $2,000 | $4,000 | As arranged | As arranged | Hotels, airlines, and other providers |
| Grand Opening Fee | $2,500 | $2,500 | As arranged | As arranged | Approved Vendor |
| Professional Fees | $1,000 | $3,500 | As arranged | As arranged | Service providers |
| Additional Funds (3-month period)* | $15,000 | $40,000 | As arranged | As arranged | Paid as needed |
| Total | $316,000 | $460,500 | |||
*Additional funds and leasehold improvements represent our best estimates for items outside our control. As such, we cannot extend our guarantee to these two line items. During the last two years, our franchisees received tenant improvement dollars, on average $39 sq ft or between $40,000 and $60,000 for locations opened during that period. Tenant improvement dollars are not guaranteed.
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