Which costs less to open, Challenge Island or ICODE?

Challenge Island: $58,465 – $74,050 (2026 FDD · Item 7 · PDF p. 16); ICODE: $331,000 – $481,500 (2026 FDD · Item 7 · PDF p. 21). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Challenge Island. Estimates are not quotes, and the FDD years may differ.

How do Challenge Island and ICODE royalties compare?

Challenge Island: 7% (2026 FDD · Item 6 · PDF p. 10); ICODE: Greater of Minimum Royalty or 8% of Gross Sales (2026 FDD · Item 6 · PDF p. 13). Royalties as disclosed in Item 6; other recurring fees are listed separately.

Which has more locations, Challenge Island or ICODE?

Challenge Island: 177 (2026 FDD · Item 20 · PDF p. 44); ICODE: 61 (2026 FDD · Item 20 · PDF p. 50). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.

Do Challenge Island and ICODE disclose financial performance (Item 19)?

Challenge Island has reviewed Item 19 figures for 2 location groups; ICODE has reviewed Item 19 figures for 2 location groups. Different location groups are not directly comparable, and revenue is not profit.

Franchise opportunities compared

Challenge Island vs ICODE

Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

Challenge Island2026 FDD

ICODE2026 FDD

Initial investment · Item 7

Challenge Island

$58,465 – $74,050

2026 FDD · Item 7 · PDF p. 16

ICODE

$331,000 – $481,500

2026 FDD · Item 7 · PDF p. 21

Initial franchise fee · Item 5

Challenge Island

$49,900

2026 FDD · Item 5 · PDF p. 10

ICODE

$35,000

2026 FDD · Item 5 · PDF p. 12

Royalty · Item 6

Challenge Island

2026 FDD · Item 6 · PDF p. 10

ICODE

Greater of Minimum Royalty or 8% of Gross Sales

2026 FDD · Item 6 · PDF p. 13

Before you compare

Both sets of figures come from 2026 FDDs.
Item 19 figures cover the location groups each FDD names (Challenge Island: 2, ICODE: 2). Different groups are not directly comparable.

Financial commitment

Disclosure

Challenge Island

ICODE

Estimated initial investment (Item 7)

Challenge Island

$58,465 – $74,050

Total initial investment 58465–74050 USD

2026 FDD · Item 7 · PDF p. 16

ICODE

$331,000 – $481,500

Area Development Agreement Total

2026 FDD · Item 7 · PDF p. 21

Standard initial franchise fee (Item 5)

Challenge Island

$49,900

2026 FDD · Item 5 · PDF p. 10

ICODE

$35,000

2026 FDD · Item 5 · PDF p. 12

Royalty (Item 6)

Challenge Island

Royalty Fee

2026 FDD · Item 6 · PDF p. 10

ICODE

Greater of Minimum Royalty or 8% of Gross Sales

Royalty – iCode School Program

2026 FDD · Item 6 · PDF p. 13

Brand / advertising fund (Item 6)

Challenge Island

Marketing Contribution — 2%

2026 FDD · Item 6 · PDF p. 10

ICODE

Not available

No reviewed brand or advertising fund fee

System scale & health

Disclosure

Challenge Island

ICODE

Total outlets (Item 20)

Challenge Island

177

Outlets at end of 2025

2026 FDD · Item 20 · PDF p. 44

ICODE

Outlets at end of 2025

2026 FDD · Item 20 · PDF p. 50

Net outlet change (Item 20)

Challenge Island

+27

Calculated: 150 at end of 2023 → 177 at end of 2025

ICODE

+15

Calculated: 46 at end of 2023 → 61 at end of 2025

Outlet exits (Item 20)

Challenge Island

Not available

No complete exit records for a year

ICODE

Not available

No complete exit records for a year

Franchising since (Item 1)

Challenge Island

2013

From a verified franchisor listing

ICODE

2016 for iCode School; 2021 for iCode Reach

2026 FDD · Item 1 · PDF p. 8

Franchisor founded (Item 1)

Challenge Island

Not available

Not in reviewed records

ICODE

2016

2026 FDD · Item 1 · PDF p. 8

Financial performance (Item 19), by location group

Challenge Island

Locations counted not stated in the reviewed record — Full-time franchisees reporting 2025 results

74 territories

other Full-time territories

2026 FDD · Item 19 · PDF p. 43

Locations counted not stated in the reviewed record — Full-time and part-time franchisees reporting 2025 results

$256,315

other High gross revenue per franchisee

2026 FDD · Item 19 · PDF p. 43

ICODE

Franchised (37 locations) — revenue

$144,158

mean Gross Sales

2026 FDD · Item 19 · PDF p. 49

Locations counted not stated in the reviewed record

$65,414

other Gross Sales

2026 FDD · Item 19 · PDF p. 49

Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

Challenge Island vs ICODE: common questions

Which costs less to open, Challenge Island or ICODE?: Challenge Island: $58,465 – $74,050 (2026 FDD · Item 7 · PDF p. 16); ICODE: $331,000 – $481,500 (2026 FDD · Item 7 · PDF p. 21). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Challenge Island. Estimates are not quotes, and the FDD years may differ.
How do Challenge Island and ICODE royalties compare?: Challenge Island: 7% (2026 FDD · Item 6 · PDF p. 10); ICODE: Greater of Minimum Royalty or 8% of Gross Sales (2026 FDD · Item 6 · PDF p. 13). Royalties as disclosed in Item 6; other recurring fees are listed separately.
Which has more locations, Challenge Island or ICODE?: Challenge Island: 177 (2026 FDD · Item 20 · PDF p. 44); ICODE: 61 (2026 FDD · Item 20 · PDF p. 50). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
Do Challenge Island and ICODE disclose financial performance (Item 19)?: Challenge Island has reviewed Item 19 figures for 2 location groups; ICODE has reviewed Item 19 figures for 2 location groups. Different location groups are not directly comparable, and revenue is not profit.

Answers restate the reviewed figures above. Not a ranking or recommendation.

How Franopolis reviews FDD figures