Code Ninjas vs Learning Express
Compare franchise fees, investment range, royalties, SBA lending performance, unit growth, and Item 19 transparency with a permanent shareable URL.
Share this page
https://fddiq.com/compare/code-ninjas-vs-learning-express
Code Ninjas
Education/Tutoring
Investment
$175K to $298K
Franchise fee
$40,000
Item 19 status
Revenue Only
Units
262
Learning Express
Education/Tutoring
Investment
$201K to $388K
Franchise fee
$40,000
Item 19 status
Revenue Only
Units
88
Lower entry cost
Leans left
Based on minimum initial investment.
Better disclosed economics
Even
Uses Item 19 availability and transparency status.
Lower SBA default risk
Leans right
Treat low-loan brands carefully, sample size matters.
| Metric | Code Ninjas | Learning Express |
|---|---|---|
Franchise Fee | $40,000 | $40,000 |
Min Investment | $175K | $201K |
Max Investment | $298K | $388K |
Royalty Rate | 8.0% | 5.0% |
Ad Fund Rate | 2.3% | 1.0% |
Total Ongoing Burden Royalty plus ad fund when available. | 10.3% | 6.0% |
Median Revenue (Item 19) | $221K | $820K |
Cash-on-Cash Return Estimated when revenue and margin assumptions are available. | 18.4% | 66.8% |
Payback Period | 5.4 yrs | 1.5 yrs |
Revenue per Dollar Invested | 0.93x | 2.79x |
Franchised Units | 262 | 88 |
1-Year Net Unit Change | -25 | -2 |
Net Unit Growth Rate | -8.8% | -2.2% |
Net Closure Rate Net closure proxy based on disclosed unit change. | 8.7% | 2.2% |
SBA Default Rate | 13.3% | 0.0% |
SBA Loan Count Use this to judge whether SBA default data is statistically meaningful. | 147 | 15 |
Average SBA Loan Size | $206K | $296K |
Item 19 Status | Revenue Only | Revenue Only |
Has Item 19 | ✓ Yes | ✓ Yes |
Data Quality Score | 100 | 100 |
What stands out
- • Code Ninjas opens at $175K to $298K, while Learning Express ranges from $201K to $388K.
- • Code Ninjas shows an Item 19 disclosure; Learning Express shows an Item 19 disclosure.
- • Code Ninjas has 262 franchised units versus 88 for Learning Express.
Turn this into a buy-side memo
Unlock full compare access, then order a deeper FDD report with litigation review, red flags, and an investment thesis you can share with partners or lenders.
Related comparisons
Keep comparing similar brands in the same buyer set.
Code Ninjas vs Jardin Spanish Immersion Academy
Education/Tutoring • Investment $495K to $998K
Code Ninjas vs Code Fu
Education/Tutoring • Investment $40K to $64K
Code Ninjas vs MY MUSIC WORKSHOP
Education/Tutoring • Investment $31K to $49K
Code Ninjas vs Cune Learning
Education/Tutoring • Investment $67K to $98K
Last updated: April 2026