iCode Franchise
Cost, fees, owner earnings, closure rate and litigation for a iCode franchise — pulled from the franchisor's own public FDD (2026), not its sales material.
Disclosure honesty
iCode discloses little or no owner-earnings data (Item 19) — the franchisor won't put real profit in writing.
What their own earnings claim actually says
No Item 19 financial performance representation found in provided excerpts.
What a iCode franchise actually costs to run
| Fee | Disclosed | Where it comes from |
|---|---|---|
| Royalty | 8% of gross sales | Item 6 — charged on revenue, not profit |
| Advertising fund | 2% of gross sales | Item 6 — brand marketing, spent at the franchisor's discretion |
| Total recurring fees | 10% of gross sales | Before rent, labor, food or debt service |
Minimum royalty $500/month iCode School; Technology $500/month; Facility leasing 16%; Multiple fee deferrals required by state regulators.
Royalty and ad-fund percentages are charged on gross sales — an owner pays them whether or not the location is profitable.
Is iCode worth it? — how it compares to 60 similar franchises
| Ongoing fees | 10% of sales | steeper than 64% of children's education & childcare franchises |
| Disclosure honesty | Grade F | less honest than most of the category |
| Disclosed lawsuits | 0 | fewer than most |
Benchmarked against every children's education & childcare franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.
Owner take-home for a iCode
The franchisor's framing: No Item 19 financial performance representation found in provided excerpts.… We reconstruct what an owner actually keeps, from their own FDD.
- Reconstructed owner P&L — net take-home after royalty, ad fund, rent, labor & debt
- Break-even timeline + cash-on-cash ROI
- Full fee stack + required-purchase markups
- Decoded real failure / closure rate
- How it ranks vs comparable franchises
- Validation-call playbook — the exact questions to ask
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iCode franchise — frequently asked
- How much does a iCode franchise cost?
- iCode's current FDD excerpt doesn't clearly state a total investment range — ask for Item 7 directly.
- How much do iCode franchise owners make?
- iCode discloses little or no earnings data (Item 19) — meaning the franchisor won't put real owner profit in writing. That's a red flag worth questioning.
- What are the iCode franchise fees?
- iCode's FDD discloses a 8% royalty on gross sales, a 2% advertising-fund contribution, for roughly 10% of gross sales in recurring fees before rent, labor, or debt service. Minimum royalty $500/month iCode School; Technology $500/month; Facility leasing 16%; Multiple fee deferrals required by state regulators.
- What is the iCode franchise profit margin?
- iCode discloses no Item 19 earnings representation, so no profit margin can be derived from the FDD at all. Any margin figure quoted elsewhere is an estimate, not a disclosure.
- What is the iCode franchise failure rate?
- Going concern warning; $3.2M accumulated deficit; dependence on shareholder funding.
- How many iCode locations are there?
- iCode's FDD reports 61 total outlets. Item 20 is where system health shows up before the marketing does.
- Does iCode have complaints or lawsuits?
- iCode discloses no material litigation in Item 3 of the filing we reviewed. That's a positive signal, though it covers only what the franchisor is required to report.
- Is a iCode franchise worth it?
- It depends on the numbers, not the pitch. iCode scores F on disclosure honesty, carries about 10% of sales in ongoing fees. Get the real owner take-home before you sign.
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Compare iCode to similar franchises
See all franchises ranked by disclosure honesty →
Source: MN CARDS 35948-202604-19 (Clean FDD 2026). FranchiseValidate is independent and not affiliated with iCode or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.