Code Ninjas
Franchise research report · reviewed 2025 disclosure data
Researching Code Ninjas franchise opportunities? Every figure below is cited to the FDD.
We are the largest and fastest growing kids coding and stem concept in the world! With low start-up costs, a proven business model, best-in-class support across operations, technology, curriculum, and marketing, plus proprietary curriculum and products, Code Ninjas is the premier option in the youth enrichment business.
Headline figures
Code Ninjas quick facts
- Is Code Ninjas a franchise?
- Yes. Code Ninjas offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 239 franchised and 5 company-owned outlets (2025 FDD, Item 20, PDF p. 58).
- How much does it cost to open a Code Ninjas franchise?
- The Code Ninjas Franchise Disclosure Document reports an estimated initial investment of $174,750–$298,250 (2025 FDD, Item 7, PDF p. 23). This is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Code Ninjas charge?
- The disclosed ongoing royalty is $500 (2025 FDD, Item 6, PDF p. 15). The brand or advertising fund contribution is 2.25% (2025 FDD, Item 6, PDF p. 15). Other recurring fees are listed in Item 6. Details
- Does Code Ninjas disclose financial performance (Item 19)?
- Yes. The Code Ninjas FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 56). Figures apply only to the locations and period each one covers. Details
- How many Code Ninjas locations are there?
- The FDD reports 244 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 58). Existing locations do not indicate territory availability. Details
- Is Code Ninjas a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $174,750 – $298,250 in the 2025 FDD (Item 7); several initial fee options apply.
- 2Item 19 covers 2 separate groups: revenue and other measures for 214 locations; revenue and other measures for 13 locations. They are not combined.
- 3Outlets declined by 25 in 2024, to 244 (Systemwide, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Code Ninjas head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Total estimated initial investment
2025 FDD · Item 7 · PDF p. 23
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Pre-opening minimum royalty after opening deadline: $500 per month until openingMain ongoing fee
20 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
Two separate populations, not a revenue-and-profit comparison. Revenue is not owner income.
214 locations
Revenue and other measures · 214 locations
- Who is counted
- Code Ninjas franchised Learning Centers for calendar year 2024
- Excluded
- The 2024 results exclude Learning Centers and Studio Centers that opened or closed during 2024: 17 opened and 41 closed. The filing states the remaining samples separately for Learning Centers and Studio Centers.
- Method
- Unaudited historical data; Tables 1 and 2 use the same sample. Table 1 reports annual gross sales by sales quartile and location type; Table 2 reports monthly active students.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
Systemwide, as labeled in the FDD · counts as of Fiscal year end 2024 of each year.
2025 FDD · Item 20 · PDF p. 58
Net −45 outlets, 2022–2024
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2024 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2025 Item 7 estimate ($174,750 – $298,250) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units decreased from 269 to 244 in 2024. What drove the change?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2025 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 23
- [2]Item 19 — Locations counted not stated in the reviewed record — Code Ninjas franchised Learning Centers for calendar year 2024 · PDF p. 56
- [3]Item 19 — Locations counted not stated in the reviewed record — Code Ninjas franchised Studio Centers for calendar year 2024 · PDF p. 56
- [4]Outlet counts — Item 20, Table 1 · PDF p. 58
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
No verified franchisor financial statement figures have been reviewed yet.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.
Head-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 12 · PDF p. 41 · 2025 FDD
Our summary: Exclusive territory: No. The FDD states no exclusive territory is granted, but the franchisee receives a Protected Area where another Code Ninjas Learning Center will not be established while compliant.
“You will not receive an exclusive territory. You may face competition from other franchisees, from outlets that we own, from other channels of distribution or competitive brands that we control. However, during the term of the Franchise Agreement, so long as you remain in compliance with the terms of the Franchise Agreement, we will not establish nor license anyone else to establish, another “Code Ninjas” Learning Center at any location within the “Protected Area” that is designated in your Franchise Agreement.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 12 · PDF p. 41 · 2025 FDD
Our summary: Territory definition: Protected Area is designated in Franchise Agreement; a typical Protected Area is a 1.5 to 2 mile radius around the Learning Center.
“A typical Protected Area will encompass a 1.5 to 2 mile radius around your Learning Center.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 21 · PDF p. 66 · 2025 FDD
Our summary: Audited financial statements for fiscal years ended December 31, 2022, 2023 and 2024 are attached as Exhibit G.
“Our audited financial statements for our fiscal years ending December 31, 2024, December 31, 2023, and December 31, 2022, are attached as Exhibit G.”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 66.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.