How Much Does a iCode Franchise Cost?
Data from the 2024 Franchise Disclosure Document
Investment Summary
Total Investment
$79K – $427K
Franchise Fee
$35K
Royalty
Greater of Minimum Royalty ($800/mo School, $250/mo Reach) or 8% of Gross Sales (School) / 12% of Gross Sales (Reach)
Ad Fund
2.0%
Cost Breakdown
Initial Franchise Fee
The initial franchise fee for iCode is $35K. This one-time payment covers the right to operate under the brand, access to proprietary systems, and initial training programs.
Total Investment Range
Opening a iCode franchise requires a total investment of $79K – $427K. This range typically includes real estate or leasehold improvements, equipment and fixtures, initial inventory, signage, insurance, and working capital to sustain operations during the ramp-up period.
Working capital alone ranges from $5K to $45K.
Ongoing Costs
Beyond the initial investment, iCode franchisees pay ongoing fees. The royalty structure is: Greater of Minimum Royalty ($800/mo School, $250/mo Reach) or 8% of Gross Sales (School) / 12% of Gross Sales (Reach). The advertising or brand fund contribution is 2.0% of gross sales. There is also a technology fee of $475.
Net Worth & Liquid Capital Requirements
iCode requires working capital of $5K – $45K to cover initial operating expenses. This is the liquid cash you should have available beyond the franchise fee and buildout costs.
What Can You Earn?
According to iCode's Item 19 financial performance representation:
Median gross sales: $320K
This figure comes from Item 19 of the FDD. Gross sales are not the same as take-home profit. After deducting royalties, ad fund fees, rent, labor, and COGS, net income is typically a fraction of gross revenue.
How Do Banks View iCode?
SBA Loans Issued
33
Default Rate
22.2%
The SBA (Small Business Administration) tracks loan performance for franchise brands. iCode has 33 SBA-backed loans on record. The default rate is 22.2%, which is near the franchise industry average. A lower default rate generally indicates that lenders view the franchise as a safer investment, though past performance does not guarantee future results.
Next Steps
Talk to current iCode franchise owners
Get verified franchisee phone numbers for due diligence
See full iCode research
Risk analysis, unit growth, contract terms, and more
Compare iCode to similar franchises
Side-by-side investment, revenue, and risk comparison