Worth It?HistoryDatabaseCompareDistress SignalsFDD Changes
Education/TutoringLimited DataItem 19: ✗ Not DisclosedQuality: 100/100

iCode Franchise, Inc.

Based on 2025 FDD · 6 filings in corpus

FranchiseIQ Score
46
D
High 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$316K – $461K
MinMid: $388KMax

Key Metrics

Franchise Fee
$40K
Royalty Rate
8%
Ad Fund Rate
2%
Total Burden
10.0%
Royalty + ad fund
Units (2023)
15
+5 vs prior yr
Net Unit Growth
↑ 38.5%
Year over year
Cash-on-Cash Return
16.5%
Annual estimated return
Payback Period
6.1 yrs
Break-even timeline
SBA Default Rate
18.2%
vs ~7.2% industry avg
Median Revenue
$320K
Item 19 disclosed
Red Flags Assessment
HIGH: Missing Item 19 disclosure · HIGH: SBA default rate 18.18%
HIGH ×2
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SBA default rate, Risk Score, CoC%, investment benchmarks, and unit growth for iCode Franchise, Inc..

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

iCode Franchise, Inc. vs. Education/Tutoring Average

MetriciCode Franchise, Inc.Education/Tutoring Avg
SBA Default Rate18.2%▼7.2%
Cash-on-Cash Return16.5%▲15.5%
Total Investment$388K$250K

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

Compare

iCode Franchise, Inc. vs Jardin Spanish Immersion AcademyiCode Franchise, Inc. vs Code FuiCode Franchise, Inc. vs MY MUSIC WORKSHOP

Similar Franchises · Education/Tutoring

Jardin Spanish Immersion Academy
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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 iCode Franchise, Inc. franchise buyer should ask.

  1. 1.What is iCode Franchise, Inc.'s SBA default rate compared to its competitors?Learn more →
  2. 2.Does iCode Franchise, Inc. 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 iCode Franchise, Inc. →Validation 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.