Code Ninjas vs Cune Learning
Compare franchise fees, investment range, royalties, SBA lending performance, unit growth, and Item 19 transparency with a permanent shareable URL.
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Code Ninjas
Education/Tutoring
Investment
$175K to $298K
Franchise fee
$40,000
Item 19 status
Revenue Only
Units
262
Cune Learning
Education/Tutoring
Investment
$67K to $98K
Franchise fee
$25,000
Item 19 status
Cost Data Only
Units
N/A
Lower entry cost
Leans right
Based on minimum initial investment.
Better disclosed economics
Even
Uses Item 19 availability and transparency status.
Lower SBA default risk
Even
Treat low-loan brands carefully, sample size matters.
| Metric | Code Ninjas | Cune Learning |
|---|---|---|
Franchise Fee | $40,000 | $25,000 |
Min Investment | $175K | $67K |
Max Investment | $298K | $98K |
Royalty Rate | 8.0% | 10.0% |
Ad Fund Rate | 2.3% | 2.0% |
Total Ongoing Burden Royalty plus ad fund when available. | 10.3% | 12.0% |
Median Revenue (Item 19) | $221K | N/A |
Cash-on-Cash Return Estimated when revenue and margin assumptions are available. | 18.4% | N/A |
Payback Period | 5.4 yrs | N/A |
Revenue per Dollar Invested | 0.93x | N/A |
Franchised Units | 262 | N/A |
1-Year Net Unit Change | -25 | N/A |
Net Unit Growth Rate | -8.8% | N/A |
Net Closure Rate Net closure proxy based on disclosed unit change. | 8.7% | N/A |
SBA Default Rate | 13.3% | N/A |
SBA Loan Count Use this to judge whether SBA default data is statistically meaningful. | 147 | N/A |
Average SBA Loan Size | $206K | N/A |
Item 19 Status | Revenue Only | Cost Data Only |
Has Item 19 | ✓ Yes | ✓ Yes |
Data Quality Score | 100 | 60 |
What stands out
- • Code Ninjas opens at $175K to $298K, while Cune Learning ranges from $67K to $98K.
- • Code Ninjas shows an Item 19 disclosure; Cune Learning shows an Item 19 disclosure.
- • Code Ninjas has 262 franchised units versus N/A for Cune Learning.
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Last updated: April 2026