Franchise opportunities compared

    Children's Music Academy 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.

    Initial investment · Item 7

    Children's Music Academy

    $72,200 – $138,200

    2026 FDD · Item 7 · PDF p. 19

    ICODE

    $331,000 – $481,500

    2026 FDD · Item 7 · PDF p. 21

    Initial franchise fee · Item 5

    Children's Music Academy

    $32,000

    2026 FDD · Item 5 · PDF p. 10

    ICODE

    $35,000

    2026 FDD · Item 5 · PDF p. 12

    Royalty · Item 6

    Children's Music Academy

    8%

    2026 FDD · Item 6 · PDF p. 11

    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.
    • Only ICODE has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Children's Music Academy

    $72,200 – $138,200
    Total Estimated Initial Investment: $72,200–$138,200
    2026 FDD · Item 7 · PDF p. 19

    ICODE

    $331,000 – $481,500
    Area Development Agreement Total
    2026 FDD · Item 7 · PDF p. 21
    Standard initial franchise fee (Item 5)

    Children's Music Academy

    $32,000
    2026 FDD · Item 5 · PDF p. 10

    ICODE

    $35,000
    2026 FDD · Item 5 · PDF p. 12
    Royalty (Item 6)

    Children's Music Academy

    8%
    Royalty: 8% of Gross Sales
    2026 FDD · Item 6 · PDF p. 11

    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)

    Children's Music Academy

    3%
    Brand Fund Contribution: up to 3% of Gross Sales — 3%
    2026 FDD · Item 6 · PDF p. 11

    ICODE

    Not available
    No reviewed brand or advertising fund fee

    System scale & health

    Total outlets (Item 20)

    Children's Music Academy

    22
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 39

    ICODE

    61
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 50
    Net outlet change (Item 20)

    Children's Music Academy

    +2
    Calculated: 20 at end of 2023 → 22 at end of 2025

    ICODE

    +15
    Calculated: 46 at end of 2023 → 61 at end of 2025
    Outlet exits (Item 20)

    Children's Music Academy

    Not available
    No complete exit records for a year

    ICODE

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Children's Music Academy

    Not available
    Not in reviewed records

    ICODE

    2016 for iCode School; 2021 for iCode Reach
    2026 FDD · Item 1 · PDF p. 8
    Franchisor founded (Item 1)

    Children's Music Academy

    Not available
    Not in reviewed records

    ICODE

    2016
    2026 FDD · Item 1 · PDF p. 8

    Financial performance (Item 19), by location group

    Children's Music Academy

    Not disclosed — no Item 19 financial performance representation

    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.

    Children's Music Academy vs ICODE: common questions

    Which costs less to open, Children's Music Academy or ICODE?
    Children's Music Academy: $72,200 – $138,200 (2026 FDD · Item 7 · PDF p. 19); 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 Children's Music Academy. Estimates are not quotes, and the FDD years may differ.
    How do Children's Music Academy and ICODE royalties compare?
    Children's Music Academy: 8% (2026 FDD · Item 6 · PDF p. 11); 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, Children's Music Academy or ICODE?
    Children's Music Academy: 22 (2026 FDD · Item 20 · PDF p. 39); 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 Children's Music Academy and ICODE disclose financial performance (Item 19)?
    Children's Music Academy makes no Item 19 financial performance representation; 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

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