Worth It?HistoryDatabaseCompareDistress SignalsFDD Changes
Education/TutoringRevenue OnlyItem 19: ✓ DisclosedQuality: 100/100

Code Ninjas

Based on 2025 FDD · 10 filings in corpus

FranchiseIQ Score
52
C
Moderate Risk
Composite score based on SBA default rate, unit growth, disclosure quality & investment efficiency.
Full analysis unlocks:
✓ Cash-on-Cash return
✓ Payback period
✓ SBA default rate
✓ Red flags assessment
✓ Comparable franchises
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Total Investment Range$175K$298K
MinMid: $237KMax

Key Metrics

Franchise Fee
$40K
Royalty Rate
8%
Ad Fund Rate
2.3%
Total Burden
10.3%
Royalty + ad fund
Units (2023)
262
-25 vs prior yr
Net Unit Growth
-8.8%
Year over year
Cash-on-Cash Return
18.4%
Annual estimated return
Payback Period
5.4 yrs
Break-even timeline
SBA Default Rate
13.3%
vs ~7.2% industry avg
Median Revenue
$221K
Item 19 disclosed
Red Flags Assessment
MEDIUM: Royalty burden above 10% · MEDIUM: Significant unit decline
MED ×2
Premium Data

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SBA default rate, Risk Score, CoC%, investment benchmarks, and unit growth for Code Ninjas.

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Estimated using sector-average margins. Actual franchise economics vary by location, operator, and market conditions.

Code Ninjas vs. Education/Tutoring Average

MetricCode NinjasEducation/Tutoring Avg
SBA Default Rate13.3%7.2%
Cash-on-Cash Return18.4%15.5%
Total Investment$237K$250K

Industry averages based on FranchiseIQ corpus benchmarks. ▲ = better than avg, ▼ = worse.

Compare

Code Ninjas vs Jardin Spanish Immersion AcademyCode Ninjas vs Code FuCode Ninjas vs MY MUSIC WORKSHOP

Similar Franchises · Education/Tutoring

Jardin Spanish Immersion Academy
Limited Data
$495K$998K
Code Fu
Limited Data
$40K$64K
MY MUSIC WORKSHOP
Limited Data
$31K$49K
Jardin Spanish Immersion Academy
$495K – $998K
Code Fu
$40K – $64K
MY MUSIC WORKSHOP
$31K – $49K
Cune Learning
$67K – $98K

Questions to Ask Before You Sign

5 data-driven questions every Code Ninjas franchise buyer should ask.

  1. 1.What is Code Ninjas's SBA default rate compared to its competitors?Learn more →
  2. 2.Does Code Ninjas disclose Item 19 financial performance representations?Learn more →
  3. 3.What is the net unit growth trend over the past 3 years?Learn more →
  4. 4.What is the franchisee termination and transfer rate per Item 20?Learn more →
  5. 5.What do the FDD litigation disclosures (Item 3) reveal about franchisor legal history?Learn more →
Generate attorney questions for Code NinjasValidation call guide →

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Data sourced from publicly filed Franchise Disclosure Documents (FDDs) submitted to state franchise regulators. SBA loan data from public SBA 7(a) records. Information reflects the most recent FDD filing in our database and may not reflect current terms. Always verify with the franchisor's current FDD before making any investment decision. Not legal or financial advice.