Code Ninjas Franchise Cost and Financials Revealed

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Code Ninjas is an education franchise that teaches kids a variety of subjects such as computer programming, coding, math, logic, and teamwork.

Stay watching this video, and you will have all the information you need about Code Ninjas Franchise.

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00:00 Introduction
00:53 The franchise fee
01:04 Franchise costs
01:30 Franchise incomes
02:00 Code Ninjas Franchises Disclosure
02:25 Expected profits
03:20 Keep costs low
03:35 The key

#CodeNinjas #VettedBiz

Code Ninja is a child focused educational program that teaches kids a variety of subjects such as computer programming, coding, math, logic, and teamwork. Code Ninja’s curriculum teaches kids to code using games that they already know such as two popular names in the industry: Minecraft and Roblox.

The first Code Ninjas Center began operations March 2017 in Pearland, Texas. Currently Code Ninja has 243 franchised locations and 4 company or affiliate owned locations. A “Code Ninjas Center” operates from a fixed retail location designed to make the location welcoming, comfortable, and easily identifiable for customers. Code Ninjas Centers operate from retail locations ranging from 1,200 to 2,400 square feet.

Franchisees also have the option to choose to add an optional Dojo2Go mobile ‘edutainment’ trailer to your franchise. “Dojo2Go” enables franchisees to host external gaming events and parties for schools, businesses, and other events within their respective territory.

David Graham founded the company and was the Manager since inception until August 2020. In August 2020, Mr. Graham became the Chairman of the Board. Mr. Graham had previous experience in the educational coding business. As from 2010 to 2016 he was the President and CEO of Coder for Rent LLC in the Houston Texas area.

The initial license fee for a Code Ninja franchise is $31,000. This is the upfront fee that must be paid when opening a Code Ninja franchise.

The estimated total investment necessary to begin operation of a Code Ninja franchise ranges from $130,3000 to $348,550.

You also have the option to pay an additional $80,000 to $100,000 if you choose to add an optional Dojo2Go mobile ‘edutainment’ trailer to your franchise.

The following costs are part of the upfront costs included in the initial investment. Many of these are one-time fees that are needed to launch the franchise.

The Code Ninja franchise royalty fee is 6.5% of net sale or the minimum amount of $500. The franchisee must pay the higher of the two.

Code Ninjas Holdings LLC does not disclose any individual retail location sales in Item 19 of their Franchise Discloser Document (FDD). However, if you are purchasing an existing outlet, the company may provide you with the actual financial records of that outlet.

We can access and analyze Code Ninjas Holdings LLC’s income statement and therefore are able to gauge a rough estimate of the sales of each location.

Code Ninja Holdings LLC Royalty Income was $ 1,771,304 in 2020.

This represents 6.5% (Royalty fee) of the net sales of all franchised locations. By having these two numbers we can infer 2020 total net sales (only franchise locations)= $ 27,250,830

To discount the locations that recently opened, we take the franchise location total from the prior year’s end. In this case, there were 194 franchise locations at the end of 2019.

Estimated single location net sales $27,250,830/ 194 = $ 140,468.

Code Ninja Franchise Sales are estimated to be $140,000 per year. This figure might be lower than a typical year given the 2020 pandemic.

Learn more here: https://www.vettedbiz.com/code-ninja-franchise/

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