You may start your business right away with lesser overhead and the brand’s infrastructure, which includes internal teams for marketing, education, technology, and operations, as well as development and support with a flexible model offered by a Code Ninjas franchise.
You must be financially prepared for an initial investment that consists of a franchise fee and other initial expenses to join the Code Ninja team. You should also be ready for ongoing costs, such as royalties and possible renewal fees.
As per Ibisworld, the children’s education market size is $3.8 billion in the United States with a growth rate of 2.7% in 2013. Cumulative Market growth for 2018 to 2023 is anticipated at 1.6%.
How much does a Code Ninjas franchise cost?
When the cost of a Code Ninjas franchise is concerned, a potential franchise owner is required to pay a price of $35,000 and $181,167-$451,950 as franchise fee and initial investment respectively. Additionally, the owner will also be required to possess a net worth and cash requirement as demanded by the franchise and provided above. Further, a franchise fee and advertising fee of 7% and 2.25% are also required to be paid.
Code Ninja Franchise Cost
|Code Ninjas Franchise Fee||$35,000|
|Code Ninjas Franchise Cost||$181,167 – $451,950|
|Term of Agreement||10 years|
|Is franchise term renewable?||Yes|
10% off franchise fee
How much do Code Ninjas franchise owners make?
The estimated annual franchise owner revenue for Code Ninja is $140,000. Given the 2020 pandemic, this number might be lower than in a usual year. Code Ninjas franchise net income in 2020 was just over $80,000, but its cash and cash equivalents increased by about 60% from the start of the year to approximately $1.9 million. This shows that the company is making a solid return on its investment operations’ cash flows.
What is Code Ninjas Franchise Profit?
The Code Ninjas franchise expected profit or owner salary with an estimate of 20% to 25% margin will be $28,000 to $35,000 on revenue of $140,000.
Code Ninjas Franchise Requirements
The franchise requirements for Code Ninja are
- Net worth: $300,000-$350,000
- Cash Requirement: $100,000
- Initial Franchise Fee: $35,000
- Initial Investment: $181,167 – $451,950
What is the Code Ninjas?
Child-focused education company, Code Ninjas, was established in 2016 and started franchising later that year. It is considered one of the biggest and fastest-growing franchises for kids learning to code, with more than 250 locations across the United States, Canada, and the United Kingdom.
You will be able to teach kids how to code as you manage your franchise and perhaps even see them develop a passion for it. The ideal candidate for a Code Ninja franchise is someone who is passionate about teaching others and enjoys working with kids. It’s not necessary for a prospective franchisee to have coding knowledge.
If you want to make sure you have the money to run a Code Ninja franchise, you might think about speaking with a financial expert or an attorney.
Is Code Ninjas a Franchise Opportunity?
Yes, Code Ninjas provides franchising opportunities for children of all ages that offer a distinctive and engaging experience. Students can learn coding topics through game development in the Code Ninjas program, which offers an enjoyable and practical learning experience. You may give young people an engaging, educational environment with this brand.
|Code Ninjas Franchise Review and Information|
|Industry Type||Children’s Businesses|
|Sub Category||Children’s Education/ Enrichment|
|Company Name||Code Ninjas|
|Founder/Management Head||Justin Nihiser, CEO|
|Employees at Company H.O||50|
|Franchise Expansion Plan||US and other international regions like Western Europe and Canada|
|Number of Units||391 (as of 2022)|
|Number of Franchise Units||243 (as of 2022)|
|Social Media Handles|
|Company Office location||2880 Broadway Bend Dr. Pearland, TX 77584|
Code Ninjas Training to Franchises
Code Ninjas provides three days of training for new franchisees. The “Code Ninjas University” portal also offers an extensive collection of training materials and videos. You can interact with other franchisees and receive support from an active online workplace community. The supplier will help with the changeover.
Code Ninjas Operations to Franchises
The operations of a Code Ninja franchise are broadly divided and carried under two structures, Lobbies, and Dojos. The dojos are only used by Code Senseis, the teachers, who are typically in their teens, and the students, who are given laptops to program, while the lobbies are for parents and tend to have free refreshments and WiFi.
How is Territory Granted to Franchises
The Code Ninja franchise fails to provide any information regarding the territory granted to potential franchises in their FDD.
What is the Franchise Term of Agreement and Renewal?
Franchisees of Code Ninjas are often required to sign a 5-year contract at first. Five years are allowed for renewal. Of course, you are free to leave early, but just do not anticipate a return or refund!
Does Code Ninjas provide Financial Funding to Franchises?
Yes, they do provide financial assistance to franchises. Additionally, site selection assistance, lease negotiation assistance, and cooperative advertising are also provided by Code Ninjas. For any further information, you can contact the brand franchise via their official website or social media handles.
Pros & Cons of Owning a Code Ninja Franchise
Pros of owning a Code Ninjas
- No coding experience is necessary
- ready-made educational materials
- Technology is integrated, such as mobile apps
- Programs for employee training are offered
- Several Code Ninjas locations may be found in the UK, Canada, and the United States.
- Compared to other franchisees in the sector, a fair initial franchise fee is offered
Cons of Owning a Code Ninjas
- High hidden expenses
- Dye payment of royalty fee is higher than average
- Dye payment of royalty fee is higher than the average
- Financial secrecy regarding franchisee profits
- Recent changes in corporate ownership or purchase
- The numerous Code Ninja locations may put one another in competition.
Code Ninja Franchise Rankings
- #316 in 2023 under Franchise 500 Ranking
- #1 in 2023 under Children’s Enrichment Program
- #45 in 2022 under Fastest-Growing Franchises
- #47 in 2022 under Fastest-Growing Franchises (US and Canada)
- #81 in 2022 under Top Franchises for less than $150,000
Franchise Deck Analysis and Overview
A Code Ninja franchise may be right for you if you enjoy the notion of teaching kids a new skill. Since the company’s inception, Code Ninjas has committed to fun-filled coding instruction for kids while working to give parents feedback. As a Code Ninjas franchisee, you can teach kids a highly marketable and valuable talent while developing a real love for coding and a growing sense of self-assurance.
With their tried-and-true teaching techniques, Code Ninjas has demonstrated that kids can learn to code and even enjoy it. They teach in after-school programs, summer camps, and parents’ night-out activities. The senseis (teachers) and the ninjas (students) collaborate to help the children advance through the programs to higher belts or success levels.
Potential Risks to consider before investing in a Code Ninja Franchise
Before investing in Code Ninjas, just like any other franchising investment, you must consider the following potential risks and factors
- Likelihood of a profitable return
- Compelling reasons to consider investing
- The presence of a solid and experienced management team
- A thorough business plan
- An investable business structure
- An exit strategy
- This a unique opportunity to be involved
Code Ninja Franchise Success and Failure Rate
Throughout the past three years, there have been more Code Ninja locations. As of the end of 2018, the company had 73 locations, up from just 3 at the beginning of the year; 2 franchised and 1 owned by a corporation or affiliate.
The company had 196 stores at the end of 2019, representing a 168% growth in new locations. The business finished 2020 with 247 units, a 26% increase in total locations. The Code Ninja franchise system’s youngsters explain the rapid expansion of additional locations, which should continue to rise as the business develops.
Competition Analysis of Code Ninja Franchise
|Code Ninjas||Cost to Franchise||Franchisee Fees||Royalty + Ad fees||Expected Profit||Recoup of Capital||FD Rating|
|Code Ninjas||$181,167 – $451,950||$35,000||7%+2.25%||$140,000||10-15 years||4/5|
|Winfree academy Franchise||
$227,300 – $392,000
$80,000 – $200,000
|Sylvan Learning Center Franchise||$68,680 – $159,085||$24,000||16%+8%||$30 million||–||3.7/5|
|School of Rock Franchise||$170,000 – $400,000||$49,900||8%+3%||$15 million||–||3.5/5|
|Tutor Doctor Franchise||$84,295 – $200,695||$44,700 – $104,400||8%+2%||$1 million per location||–||3.5/5|
|LearningRX Franchise||$91,500 – $198,000||$23,000-$35,000||8%-3%||$600,601||–||3/5|
The Franchise Deck rating for the Code Ninja franchise is 4.0/5.
Conclusion: Should You Buy the Code Ninjas franchise for Sale?
Code Ninjas is a booming business for a reason if you have been looking to invest in the education sector. This business fills a specific need and compensates for the underfunding of STEM subjects in educational institutions everywhere. Code Ninjas franchise does not need to be in-house coding specialists, thanks to their cutting-edge learning programs. A team of code specialists can be uniformly trained with the use of thorough, yet expensive, training programs.
However, Code Ninjas might not be a suitable fit for people with little resources due to a lack of financial transparency regarding franchisee income and a rather high startup cost. Always consult your financial counselor before deciding on a franchise or business venture. Moreover, consider your individual interests and capabilities. For the best investment, you can also look into other franchise sectors.
- Winfree Academy Franchise
- Sylvan Learning Franchise
- School of Rock Franchise
- Tutor Doctor Franchise
- LearningRX franchise
- Kumon Franchise
- Mathnasium Franchise
- Huntington Franchise
- Kindercare Franchise
- Kiddie Academy Franchise
- Primrose Schools Franchise
- Kindercare Franchise
- Algorithmics Franchise
- Eye Level Franchise
Frequently Asked Questions (FAQs)
Is the Code Ninjas franchise profitable?
Yes, Code Ninjas have profitable franchises. They are estimated to make a revenue of $100 to 200 K and a profit of $25k to $50K
Can you make money owning a Code Ninjas?
Yes, you can easily make money by franchising a Code Ninjas.
Is Code Ninjas a franchise?
Yes, it is a franchise. The brand started franchising its operations in 2016.
How much is a Code Ninjas franchise?
The cost for a Code Ninja franchise is $181,167 – $451,950 and the franchise fee is $35,000.
How do Code Ninjas franchises make money?
A consistent source of revenue is subscriptions. Summer camps are extremely well-liked and bring in a substantial sum of money as well. Optional programs like clubs, parent’s night out, and birthday celebrations offer additional revenue streams too.