FDD-based startup cost, franchise fee, revenue, profit, SBA default rate, and investment risk signals for Code Ninjas.
Based on 2025 FDD · 11 filings in corpus
Cost and profit at a glance
Based on FDDIQ's FDD corpus, a Code Ninjas franchise shows an estimated initial investment of $175K – $298K. Reported owner economics show $44K. Use the links below to compare the cost, revenue, SBA loan history, and ROI against other franchises before you request the full FDD.
Quick fee read: $40K franchise fee · 10.3% royalty/ad burden. These figures are directional screening data, not a substitute for reading the current FDD and speaking with existing operators.
Code Ninjas requires a total initial investment of $175K to $298K (midpoint approximately $237K), with an initial franchise fee of $40K. The ongoing fee burden is 10.3% (8% royalty plus 2.3% advertising fund). This is below the industry average of approximately 15.5%, leaving more margin for the operator.
According to Item 19 of the 2025 FDD, the median revenue for Code Ninjas locations is $221K. The implied franchisee EBITDA is approximately $44K, based on the margin assumptions disclosed in the FDD. The estimated cash-on-cash return is 18.4% with a payback period of approximately 5.4 years.
Code Ninjas operates approximately 262 franchised units. However, the brand has been contracting with a 8.8% net unit decline, which may signal franchisee dissatisfaction, territory saturation, or competitive pressure. The SBA 7(a) loan default rate of 13.3% is above the franchise industry average of approximately 7.2%, suggesting elevated financial risk for franchisees relying on debt financing.
Prospective franchisees should verify all figures against the most recent FDD, conduct validation calls with multiple existing franchisees, and consult with a franchise attorney before signing any agreement.
Analysis based on 2025 FDD filing. FDDIQ Editorial Team · Methodology
Estimated using sector-average margins. Actual franchise economics vary by location, operator, and market conditions.
Industry averages based on FranchiseIQ corpus benchmarks. ▲ = better than avg, ▼ = worse.
Real lending data from SBA 7(a) loans (2018-2025). 147 loans across 32 states.
Source: SBA 7(a) loan data via FOIA. Default rate = charged-off loans / total originated. Industry avg default rate ~7.2%.
Common questions buyers ask about Code Ninjas, answered from FDD and SBA data.
The total initial investment for a Code Ninjas franchise ranges from $175K to $298K, according to their Franchise Disclosure Document.
Code Ninjas charges a 8% royalty fee on gross sales.
The initial franchise fee for Code Ninjas is $40,000.
There are approximately 262 Code Ninjas franchise locations as of 2023.
The median revenue for a Code Ninjas franchise is $221K, with a cash-on-cash return of 18.4%, according to FDD Item 19 data.
Code Ninjas has an SBA loan default rate of 13.3% based on SBA 7(a) loan data.
Whether a Code Ninjas franchise is worth it depends on total startup cost, royalty burden, FDD Item 19 economics, SBA loan performance, and local operator execution. FDDIQ compares these signals against similar franchises so buyers can screen the opportunity before paying for diligence.
Franchise fee structure guide: royalties are just the start. Item 6 marketing funds, technology f...
FDD Item 20 shows how many franchisees left — and why. Learn to read transfer tables and terminat...
FDD Item 7 breaks down every cost to open a franchise. Read all 23 line items, stress-test the ra...
FDD Item 20 decoded: how to read all five outlet tables, compute franchisee survival rates from o...
SBA 7(a) franchise loan approval rates by brand, default rates by sector, and what lenders want i...
5 data-driven questions every Code Ninjas franchise buyer should ask.