Overall, Code Ninja is a profitable business, with a net income of $83,096 in 2020. The highest revenue stream is from Franchise Revenue which accounts for over $3 million. Royalty Income, which is 6.5% of net sales of each franchise, accounts for about $1.8 million. The Franchise fee of 6.5% is only slightly bigger than the industry average of 6%.
| Revenue | |
|---|---|
| Franchise revenue | $ 3,185,554 |
| Sales revenue | $ 352,023 |
| Royalty income | $ 1,771,304 |
| Royalty income – related party | $ 608,291 |
How much does it cost to open code Ninjas franchise?
Code Ninjas has a franchise fee of up to $31,000, with a total initial investment range of $125,640 to $333,270. The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees. How much does a Code Ninjas franchise make?
How many code ninjas locations are there in the USA?
As of the 2020 Franchise Disclosure Document, there are 194 franchised Code Ninjas locations in the USA. Are there any Code Ninjas franchise opportunities near me? Based on 2020 FDD data, Code Ninjas has franchise locations in 35 states.
How are the financial performance representations for the code ninjas franchisees determined?
These financial performance representations are based on the affiliate-owned Code Ninjas Center and the 6 Code Ninjas franchisees that have completed pre-sale and were open and operating during all or most of the first quarter of 2018.
Why is code ninjas so popular?
According to David Graham, co-founder and CEO of Code Ninjas, “Code Ninjas continues to thrive at the forefront of the edutainment industry by giving kids the tools that they need to pave the way for a successful future.
How much money does Code Ninjas make in 2020?
How much is the royalty fee for Code Ninja?
What is the code ninja?
How many square feet are there in Code Ninjas?
Does Code Ninjas disclose retail sales?
Is Code Ninja a non profit?
Code Ninjas is a for-profit educational organization specializing in teaching coding to kids (specifically JavaScript, Lua and C#) and is the largest kids coding franchise in the world with over 400 locations open and operating in three countries. It is headquartered in Pearland, Texas.
How much does ninja code cost?
Student membership costs a little more than $200 a month and gets them eight hours per month of courses.
Is Code Ninjas a franchise?
Yes, you can open a Code Ninjas franchise even if you're not a coder. Our franchise is specifically designed to be non-coder friendly. If you're willing to learn, work, and follow a system, you have an opportunity to thrive with us.
How many Code Ninjas are there?
About Code Ninjas Founded in 2016, Code Ninjas is the world's largest and fastest-growing coding franchise, with 330 locations across the United States, Canada, and the United Kingdom.
How much does Code Ninjas cost per month?
General capacity for all programs includes a monthly cap of 250 students per month, and the programs can hold about 26 “ninjas,” or participants, at once. The Create program has a monthly fee starting at $200 a month for two hours a week, with a 12-month subscription.
Is Code Ninjas a good program?
Code Ninjas is an amazing way to introduce your kids to computer science and the world of programming. It allows them to learn critical thinking and problem solving skills and learn one of the most common languages around the world.
How much does a code ninja owner make?
Royalty Income, which is 6.5% of net sales of each franchise, accounts for about $1.8 million. The Franchise fee of 6.5% is only slightly bigger than the industry average of 6%.
Who is the CEO of Code Ninjas?
Justin Nihiser - Chief Executive Officer - Code Ninjas | LinkedIn.
How long does it take to complete Code Ninjas?
On average, according to McLaren, it should take about one year to make it through the first four belts and it can take about four years to make it to black belt.
What software does Code Ninjas use?
1:283:04Coding for Kids: What is Code Ninjas? - YouTubeYouTubeStart of suggested clipEnd of suggested clipLevel. They're going to learn a series of different languages javascript lua c sharp and they'reMoreLevel. They're going to learn a series of different languages javascript lua c sharp and they're going to advance to black belt where they're going to produce their own app. And while our program is
When was Code Ninjas founded?
Code Ninjas, founded in 2016, is a kids coding franchise. Code Ninjas teaches kids ages 7-14 how to code in a fun, welcoming, and non-intimidating atmosphere using a game-based curriculum.
Is coding hard to learn?
Programming has a reputation for being one of the most difficult disciplines to master. Considering how different it is from traditional forms of education, including college degrees in computer science, it's not hard to see why some people have difficulty learning how to code.
How long does it take to complete Code Ninjas?
On average, according to McLaren, it should take about one year to make it through the first four belts and it can take about four years to make it to black belt.
How much does Code Ninjas cost UK?
Each 10 week term is £160+vat per child.
Can you do code ninja online?
Code Ninja is introducing an online Community Learning program, a learning space for new and intermediate programmers.
What software does Code Ninjas use?
1:283:04Coding for Kids: What is Code Ninjas? - YouTubeYouTubeStart of suggested clipEnd of suggested clipLevel. They're going to learn a series of different languages javascript lua c sharp and they'reMoreLevel. They're going to learn a series of different languages javascript lua c sharp and they're going to advance to black belt where they're going to produce their own app. And while our program is
How much does it cost to start a ninja franchise?
How Much Does a Code Ninja Franchise Cost? To start up a Code Ninja learning center, it will cost you a minimum liquid capital which amounts to $100,000.
How to get information about Code Ninja?
However, you could obtain this information by contacting the franchisor and going through the franchise disclosure document (FDD).
How to contact Code Ninjas?
Now that you have as much information regarding the Code Ninja franchise, and are very interested in opening a Code Ninjas learning center, do not delay in contacting them by logging onto their website at www.codeninjas.com and fill in the required information on the online form to get more franchise information or you could simply reach them on (855) 446-4652.
What is a ninja learning center?
Code Ninja learning centers focus on offering young children the opportunity to develop their intellectual minds as much as the world advances in Information Technology.
How long does Code Ninja training last?
This training program will comprise online training, in-person sessions, etc which will last for an accumulated total of fifty (50) hours.
Is Code Ninjas open on Saturdays?
Code Ninjas learning centers are open each weekday, each week evening, as well as on Saturdays. To become one of Code Ninjas franchisees, you must be ready to follow a set out proven business model set by the business. Also, you must be someone who takes his business seriously and at the same time still loves to have fun.
Can you be alone in franchising?
You will never be alone in the business. The franchisor’s dedicated team of experts will do well to provide you with loyal support alongside their unique training in the course of running your business.
How much does a Code Ninjas franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
How much does a code ninja cost?
How much does a Code Ninjas franchise cost? Code Ninjas has a franchise fee of up to $31,000, with a total initial investment range of $125,640 to $333,270. Initial Franchise Fee: $31,000. Total Investment: $125,640 to $333,270. Working Capital: $15,000 to $30,000.
What is code ninjas?
Code Ninjas is a Franchise Grade Made The Grade™ franchise, which means it's ranked highly by our analysts!
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 194 franchised Code Ninjas locations in the USA.
Who owns Code Ninjas?
3. James Nguyen , owner of Code Ninjas in Spring, said, “It’s an honor to be part of the Code Ninjas family and to know that we have helped play a vital role in the brand’s growth. We are thrilled to have the opportunity to work alongside the Code Ninjas corporate team and our fellow franchise partners to live out the brand’s mission of teaching kids how to code in a fun way while learning valuable life skills.”
What is Code Ninjas JR?
7. In mid-March 2020, Code Ninjas announced the launch of its new curriculum – Code Ninjas JR – to help younger kids further advance their technological skills. Code Ninjas JR., developed in partnership with codeSpark Academy, will combine the highly accessible and powerful coding platform with the hands-on activities, guidance, and live interaction offered at Code Ninjas.
What is section 2 of Code Ninjas?
Section II – Estimated initial investment for a Code Ninjas franchise, based on Item 7 of the company’s 2020 FDD
What are the different types of classes at Code Ninjas?
Code Ninjas Centers currently offer 3 primary types of learning opportunities: (1) drop-in learning; (2) summer camps; and (3) after-school programs. Drop-in learning is the only currently required service offering. Drop-in students can pay on a month-to-month basis or on a paid in full basis, which generally entitles them to attend 2 one-hour drop-in classes per week.
When will Code Ninjas Studio be released?
12. In mid-May 2020, Code Ninjas announced the launch of Code Ninjas Studio, a new franchise opportunity designed specifically for smaller markets. Code Ninjas Studio offers a more flexible business model, with lower startup costs and scaled-back requirements, backed by the world’s largest and fastest-growing coding franchise.
Where is Code Ninjas located?
fiscal year 2019 annual gross sales for the one affiliate-owned Code Ninjas center (located in Pearland, Texas, a suburb of the greater Houston, Texas area) that the affiliate operated for the entire 12-month period from March 2019 to February 2020.
Where is the code ninja?
18. Code Ninjas was founded in 2016 by David Graham in Pearland, Texas. Graham was a computer programmer, who had started another business Coder Camps, which was a program that taught adults how to be successful software developers. Coder Camps was a success.
When did Code Ninjas start franchising?
The company only started franchising in February 2017 and by the end of the year had sold more than 100 franchise agreements. 10. David Graham, founder and CEO of Code Ninjas, said, “2017 was a year of incredible milestones for us and we have no plans to slow down in 2018.
What age is Code Ninjas?
The company also made several major announcements, including the introduction of CodeMasters, a new coding curriculum designed for ages 14 and up. The move to expand its age demographic enables Code Ninjas to reach a broader audience than its current programs, which target children ages 7-14.
What is reciprocity in code ninjas?
Reciprocity: giving students the ability to attend any Code Ninjas location
How many units are there in Code Ninjas?
In early June 2018, Code Ninjas announced that it had signed a total of 145 franchise agreements for the year so far, including an agreement for 33 units. The 33-unit agreement is being developed by entrepreneur Jazmin West and her husband, based out of San Diego. 5.
Where is the first code ninjas center?
The franchisor’s affiliate opened the first Code Ninjas Center in Pearland, Texas, a suburb of the greater Houston, Texas area, on March 20, 2017. Code Ninjas Centers currently offer 3 primary types of learning opportunities: (1) drop-in learning; (2) summer camps; and (3) after-school programs.
Where are Code Ninjas located?
Specifically, the brand is targeting Denver, Cincinnati, Las Vegas, Los Angeles, San Francisco, and New York, among other areas.
Do you need coding experience to be a code ninja?
Interested candidates do not need previous coding experience. The Code Ninjas leadership team brings decades of experience in the software development and franchising fields, and offers significant support for marketing/sales, operations, and extensive training.
How long does a franchise last?
Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Does Code Ninjas have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees. Third Party Financing. Code Ninjas has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory.
How much money does Code Ninjas make in 2020?
In 2020, Code Ninjas net income was a little over $80,000, but their cash and cash equivalents were almost $ 1.9 million an increase of almost 60% from the beginning of the year. This indicates the company’s cash flows from investing activities is producing a good return.
How much is the royalty fee for Code Ninja?
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.
What is the code ninja?
Code Ninjas franchise 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.
How many square feet are there in Code Ninjas?
Code Ninjas Centers operate from retail locations ranging from 1,200 to 2,400 square feet.
Does Code Ninjas disclose retail sales?
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.
