iCode FDD – Franchise Information, Costs and Fees
Type of Business
You will provide STEAM-based educational courses and other programs for children and adults under the trade name “ICODE.” You will operate either under the “iCode School” program or the “iCode Reach” program. If you operate under the iCode School program, you will build a dedicated school and also have the right to offer classes at public, private, and charter schools, STEM/STEAM centers, churches, libraries, and similar venues in your “Protected Area.” If you operate under the iCode Reach program, you will offer all classes at public, private, and charter schools, STEM/STEAM centers, churches, libraries, and similar venues in your “Protected Area,” but you will not have a fixed school location.
Corporate Information
iCode Franchise, Inc. is a Texas corporation formed on June 23, 2016. Their principal business address is at 4577 Ohio Drive, Frisco, Texas 75035. They have been offering iCode School program franchises since June 2016 and began offering iCode Reach program franchises in January 2021.
Investment
The total investment necessary to begin operation of an iCode franchise under the iCode School program ranges from $298,425 to $427,425. This includes $178,000 to $218,500 that must be paid to the franchisor or its affiliates. If you acquire the right to develop multiple schools under an area development program, you will sign an area development agreement and pay the franchisor a non-refundable development fee equal to $35,000 multiplied by the number of iCode franchises represented in the area development agreement. The area development fee will then be credited toward the initial franchise fee owed for each iCode franchise developed and opened under the area development agreement. The minimum number of schools required to be operated under an area development agreement is two.
The total investment necessary to begin operation of an iCode franchise under the iCode Reach program ranges from $79,425 to $167,425. This includes $37,425 to $59,425 that must be paid to the franchisor or its affiliates.
