Which costs less to open, ICODE or Psm Worldwide?

ICODE: $331,000 – $481,500 (2026 FDD · Item 7 · PDF p. 21); Psm Worldwide: $482,741 – $759,920 (2026 FDD · Item 7 · PDF p. 12). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for ICODE. Estimates are not quotes, and the FDD years may differ.

Which has more locations, ICODE or Psm Worldwide?

ICODE: 61 (2026 FDD · Item 20 · PDF p. 50); Psm Worldwide: 32 (2026 FDD · Item 20 · PDF p. 45). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.

Do ICODE and Psm Worldwide disclose financial performance (Item 19)?

ICODE has reviewed Item 19 figures for 2 location groups; Psm Worldwide has reviewed Item 19 figures for 3 location groups. Different location groups are not directly comparable, and revenue is not profit.

Franchise opportunities compared

ICODE vs Psm Worldwide

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.

ICODE2026 FDD

Psm Worldwide2026 FDD

Initial investment · Item 7

ICODE

$331,000 – $481,500

2026 FDD · Item 7 · PDF p. 21

Psm Worldwide

$482,741 – $759,920

2026 FDD · Item 7 · PDF p. 12

Initial franchise fee · Item 5

ICODE

$35,000

2026 FDD · Item 5 · PDF p. 12

Psm Worldwide

$40,000

2026 FDD · Item 5 · PDF p. 5

Royalty · Item 6

ICODE

Greater of Minimum Royalty or 8% of Gross Sales

2026 FDD · Item 6 · PDF p. 13

Psm Worldwide

6% · percent of Gross Sales

2026 FDD · Item 6 · PDF p. 6

Before you compare

Both sets of figures come from 2026 FDDs.
Item 19 figures cover the location groups each FDD names (ICODE: 2, Psm Worldwide: 3). Different groups are not directly comparable.

Financial commitment

Disclosure

ICODE

Psm Worldwide

Estimated initial investment (Item 7)

ICODE

$331,000 – $481,500

Area Development Agreement Total

2026 FDD · Item 7 · PDF p. 21

Psm Worldwide

$482,741 – $759,920

Total

2026 FDD · Item 7 · PDF p. 12

Standard initial franchise fee (Item 5)

ICODE

$35,000

2026 FDD · Item 5 · PDF p. 12

Psm Worldwide

$40,000

2026 FDD · Item 5 · PDF p. 5

Royalty (Item 6)

ICODE

Greater of Minimum Royalty or 8% of Gross Sales

Royalty – iCode School Program

2026 FDD · Item 6 · PDF p. 13

Psm Worldwide

6% · percent of Gross Sales

Royalty

2026 FDD · Item 6 · PDF p. 6

Brand / advertising fund (Item 6)

ICODE

Not available

No reviewed brand or advertising fund fee

Psm Worldwide

7% of gross sales

Marketing Contribution

2026 FDD · Item 6 · PDF p. 6

System scale & health

Disclosure

ICODE

Psm Worldwide

Total outlets (Item 20)

ICODE

Outlets at end of 2025

2026 FDD · Item 20 · PDF p. 50

Psm Worldwide

Outlets at end of 2025

2026 FDD · Item 20 · PDF p. 45

Net outlet change (Item 20)

ICODE

+15

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

Psm Worldwide

+14

Calculated: 18 at end of 2023 → 32 at end of 2025

Outlet exits (Item 20)

ICODE

Not available

No complete exit records for a year

Psm Worldwide

Not available

No complete exit records for a year

Franchising since (Item 1)

ICODE

2016 for iCode School; 2021 for iCode Reach

2026 FDD · Item 1 · PDF p. 8

Psm Worldwide

Fourth quarter of 2016

2026 FDD · Item 1 · PDF p. 1

Franchisor founded (Item 1)

ICODE

2016

2026 FDD · Item 1 · PDF p. 8

Psm Worldwide

2016

2026 FDD · Item 1 · PDF p. 1

Financial performance (Item 19), by location group

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

Psm Worldwide

Franchised (22 locations) — revenue — 22 franchised PSM Locations that were open for the entire 52 week operational r…

$524,828

mean Annual revenue

2026 FDD · Item 19 · PDF p. 43

Franchised (6 locations) — revenue

$8,376

other Pre-opening revenue

2026 FDD · Item 19 · PDF p. 43

Franchised (22 locations) — revenue — 22 franchised PSM Locations that were open during the entire 52 week operationa…

46 percent of Gross Sales

other gross sales allocation

2026 FDD · Item 19 · PDF p. 43

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.

ICODE vs Psm Worldwide: common questions

Which costs less to open, ICODE or Psm Worldwide?: ICODE: $331,000 – $481,500 (2026 FDD · Item 7 · PDF p. 21); Psm Worldwide: $482,741 – $759,920 (2026 FDD · Item 7 · PDF p. 12). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for ICODE. Estimates are not quotes, and the FDD years may differ.
How do ICODE and Psm Worldwide royalties compare?: ICODE: Greater of Minimum Royalty or 8% of Gross Sales (2026 FDD · Item 6 · PDF p. 13); Psm Worldwide: 6% · percent of Gross Sales (2026 FDD · Item 6 · PDF p. 6). Royalties as disclosed in Item 6; other recurring fees are listed separately.
Which has more locations, ICODE or Psm Worldwide?: ICODE: 61 (2026 FDD · Item 20 · PDF p. 50); Psm Worldwide: 32 (2026 FDD · Item 20 · PDF p. 45). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
Do ICODE and Psm Worldwide disclose financial performance (Item 19)?: ICODE has reviewed Item 19 figures for 2 location groups; Psm Worldwide has reviewed Item 19 figures for 3 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