Code Ninjas LLC
Source filing: WI · filed 2026-04-06
Item 5 — Initial franchise fee
$45,000 [p.13 · WI · 2026-04-06]
Item 6 — Recurring fees (royalty & advertising)
| Learning Center Royalty Fee (Note 1) | 8.25% of Net Sales (Note 2) [p.14 · WI · 2026-04-06] |
|---|---|
| Studio Center Royalty Fee (Note 1) | 12.25% of Net Sales (Note 2) [p.14 · WI · 2026-04-06] |
| Marketing and Advertising Expenses | Our then-current fee; Currently $350/month [p.15 · WI · 2026-04-06] |
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$174,250 [p.23 · WI · 2026-04-06] – $265,750 [p.23 · WI · 2026-04-06]
Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.
Item 20 — Outlets
| Franchised outlets at start of year | 239 [p.59 · WI · 2026-04-06] |
|---|---|
| Franchised outlets at end of year | 238 [p.59 · WI · 2026-04-06] |
| Net change in franchised outlets | -1 [p.59 · WI · 2026-04-06] |
| Transfers | 18 [p.61 · WI · 2026-04-06] |
| Terminations | 3 [p.64 · WI · 2026-04-06] |
| Non-renewals | 8 [p.64 · WI · 2026-04-06] |
| Ceased operations (other) | 2 [p.64 · WI · 2026-04-06] |
| Company-owned outlets at end of year | 7 [p.59 · WI · 2026-04-06] |
Item 19 — Financial performance representation
Headline cohort
All Overall - Annual Gross Sales During 2025 · 2025
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 230 [p.56 · WI · 2026-04-06] | $236,884 [p.56 · WI · 2026-04-06] | $216,697 [p.56 · WI · 2026-04-06] | $730,612 [p.56 · WI · 2026-04-06] | $43,091 [p.56 · WI · 2026-04-06] |
All disclosed cohorts (11)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| Center Overall - Annual Gross Sales During 2025 2025 |
224 [p.56 · WI · 2026-04-06] | $237,614 [p.56 · WI · 2026-04-06] | $217,479 [p.56 · WI · 2026-04-06] | $730,612 [p.56 · WI · 2026-04-06] | $43,091 [p.56 · WI · 2026-04-06] |
| Center Top 25% - Annual Gross Sales During 2025 2025 |
Not disclosed | $383,267 [p.56 · WI · 2026-04-06] | $352,030 [p.56 · WI · 2026-04-06] | $730,612 [p.56 · WI · 2026-04-06] | $289,451 [p.56 · WI · 2026-04-06] |
| Center Mid-Upper 25% - Annual Gross Sales During 2025 2025 |
Not disclosed | $254,517 [p.56 · WI · 2026-04-06] | $252,412 [p.56 · WI · 2026-04-06] | $287,977 [p.56 · WI · 2026-04-06] | $217,689 [p.56 · WI · 2026-04-06] |
| Center Mid-Lower 25% - Annual Gross Sales During 2025 2025 |
Not disclosed | $190,787 [p.56 · WI · 2026-04-06] | $191,973 [p.56 · WI · 2026-04-06] | $217,270 [p.56 · WI · 2026-04-06] | $162,707 [p.56 · WI · 2026-04-06] |
| Center Lower 25% - Annual Gross Sales During 2025 2025 |
Not disclosed | $121,884 [p.56 · WI · 2026-04-06] | $127,214 [p.56 · WI · 2026-04-06] | $162,491 [p.56 · WI · 2026-04-06] | $43,091 [p.56 · WI · 2026-04-06] |
| Studio Overall - Annual Gross Sales During 2025 2025 |
Not disclosed | $209,647 [p.56 · WI · 2026-04-06] | $195,865 [p.56 · WI · 2026-04-06] | $321,769 [p.56 · WI · 2026-04-06] | $105,552 [p.56 · WI · 2026-04-06] |
| Studio Top 25% - Annual Gross Sales During 2025 2025 |
Not disclosed | $286,085 [p.56 · WI · 2026-04-06] | $286,085 [p.56 · WI · 2026-04-06] | $321,769 [p.56 · WI · 2026-04-06] | $250,400 [p.56 · WI · 2026-04-06] |
| Studio Mid-Upper 25% - Annual Gross Sales During 2025 2025 |
Not disclosed | $198,636 [p.56 · WI · 2026-04-06] | $198,636 [p.56 · WI · 2026-04-06] | $198,636 [p.56 · WI · 2026-04-06] | $198,636 [p.56 · WI · 2026-04-06] |
| Studio Mid-Lower 25% - Annual Gross Sales During 2025 2025 |
Not disclosed | $193,095 [p.56 · WI · 2026-04-06] | $193,095 [p.56 · WI · 2026-04-06] | $193,095 [p.56 · WI · 2026-04-06] | $193,095 [p.56 · WI · 2026-04-06] |
| Studio Lower 25% - Annual Gross Sales During 2025 2025 |
Not disclosed | $146,991 [p.56 · WI · 2026-04-06] | $146,991 [p.56 · WI · 2026-04-06] | $188,430 [p.56 · WI · 2026-04-06] | $105,552 [p.56 · WI · 2026-04-06] |
| All Overall - Annual Gross Sales During 2025 2025 |
230 [p.56 · WI · 2026-04-06] | $236,884 [p.56 · WI · 2026-04-06] | $216,697 [p.56 · WI · 2026-04-06] | $730,612 [p.56 · WI · 2026-04-06] | $43,091 [p.56 · WI · 2026-04-06] |
“We provide in the 2 tables below historical data relating to the monthly Gross Sales and monthly Active Students for franchised Code Ninjas Centers and Code Ninjas Studios for 2025.” [p.55 · WI · 2026-04-06]
Extraction notes
- One or more Item 19 figures failed source verification and were removed.
- Item 7 totals were extracted with model assistance and verified against the cited page.
- The headline cohort's description does not explicitly state the population is franchised outlets — population not verified.