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    Franchise opportunities compared

    Code Ninjas vs The Bunny Hive

    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.

    Code Ninjas2025 FDDThe Bunny Hive2025 FDD

    Initial investment · Item 7

    Code Ninjas

    $174,750 – $298,250

    2025 FDD · Item 7 · PDF p. 23

    The Bunny Hive

    $126,610 – $330,850

    2025 FDD · Item 7 · PDF p. 20

    Initial franchise fee · Item 5

    Code Ninjas

    Not available

    The Bunny Hive

    $42,000

    2025 FDD · Item 5 · PDF p. 12

    Royalty · Item 6

    Code Ninjas

    $500

    2025 FDD · Item 6 · PDF p. 15

    The Bunny Hive

    7%

    2025 FDD · Item 6 · PDF p. 13

    Before you compare

    • Both sets of figures come from 2025 FDDs.
    • Item 19 figures cover the location groups each FDD names (Code Ninjas: 2, The Bunny Hive: 11). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    Code Ninjas

    $174,750 – $298,250
    Learning Center estimated initial investment: $174,750 to $298,250
    2025 FDD · Item 7 · PDF p. 23

    The Bunny Hive

    $126,610 – $330,850
    Total single Studio initial investment: $126,610–$330,850 (Item7)
    2025 FDD · Item 7 · PDF p. 20
    Standard initial franchise fee (Item 5)

    Code Ninjas

    Not available
    No single standard fee identified

    The Bunny Hive

    $42,000
    2025 FDD · Item 5 · PDF p. 12
    Royalty (Item 6)

    Code Ninjas

    $500
    Pre-opening minimum royalty after opening deadline: $500 per month until opening
    2025 FDD · Item 6 · PDF p. 15

    The Bunny Hive

    7%
    Royalty Fee
    2025 FDD · Item 6 · PDF p. 13
    Brand / advertising fund (Item 6)

    Code Ninjas

    2.25%
    Marketing Contribution: 2.25% of Net Sales — 2.25%
    2025 FDD · Item 6 · PDF p. 15

    The Bunny Hive

    Not available
    No reviewed brand or advertising fund fee

    System scale & health

    Total outlets (Item 20)

    Code Ninjas

    244
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 58

    The Bunny Hive

    32
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 57
    Net outlet change (Item 20)

    Code Ninjas

    −45
    Calculated: 289 at end of 2022 → 244 at end of 2024

    The Bunny Hive

    +28
    Calculated: 4 at end of 2022 → 32 at end of 2024
    Outlet exits (Item 20)

    Code Ninjas

    Not available
    No complete exit records for a year

    The Bunny Hive

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

    Code Ninjas

    Not available
    Not in reviewed records

    The Bunny Hive

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Code Ninjas

    Not available
    Not in reviewed records

    The Bunny Hive

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Code Ninjas
    Locations counted not stated in the reviewed record — Code Ninjas franchised Learning Centers for calendar year 2024
    $241,242
    other Learning Center Overall average annual gross sales: $241,242
    2025 FDD · Item 19 · PDF p. 56
    Locations counted not stated in the reviewed record — Code Ninjas franchised Studio Centers for calendar year 2024
    $187,848
    other Studio Center Overall average annual gross sales: $187,848
    2025 FDD · Item 19 · PDF p. 56
    The Bunny Hive
    Locations counted not stated in the reviewed record — Franchised Studios open full reporting month (3)
    $26,703
    other High Gross Revenue
    2025 FDD · Item 19 · PDF p. 55
    Locations counted not stated in the reviewed record — Franchised Studios open full reporting month (9)
    $23,963
    other High Gross Revenue
    2025 FDD · Item 19 · PDF p. 55
    Locations counted not stated in the reviewed record — Franchised Studios open full reporting month (11)
    $25,143
    other High Gross Revenue
    2025 FDD · Item 19 · PDF p. 55
    +8 more groups in the full report

    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.

    Code Ninjas vs The Bunny Hive: common questions

    Which costs less to open, Code Ninjas or The Bunny Hive?
    Code Ninjas: $174,750 – $298,250 (2025 FDD · Item 7 · PDF p. 23); The Bunny Hive: $126,610 – $330,850 (2025 FDD · Item 7 · PDF p. 20). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for The Bunny Hive. Estimates are not quotes, and the FDD years may differ.
    How do Code Ninjas and The Bunny Hive royalties compare?
    Code Ninjas: $500 (2025 FDD · Item 6 · PDF p. 15); The Bunny Hive: 7% (2025 FDD · Item 6 · PDF p. 13). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Code Ninjas or The Bunny Hive?
    Code Ninjas: 244 (2025 FDD · Item 20 · PDF p. 58); The Bunny Hive: 32 (2025 FDD · Item 20 · PDF p. 57). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Code Ninjas and The Bunny Hive disclose financial performance (Item 19)?
    Code Ninjas has reviewed Item 19 figures for 2 location groups; The Bunny Hive has reviewed Item 19 figures for 11 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

    Keep researching

    Full Code Ninjas report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full The Bunny Hive report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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    Plain-language meaning of each Item