"ICODE", "iCode School", and "ICode Reach"
Source filing: WI · filed 2026-04-10
Item 5 — Initial franchise fee
$40,000 [p.12 · WI · 2026-04-10]
Item 6 — Recurring fees (royalty & advertising)
| Royalty – iCode School Program | Under the iCode School program, greater of Minimum Royalty or 8% of Gross Sales2 [p.13 · WI · 2026-04-10] |
|---|---|
| Royalty – iCode Reach Program | Under the iCode Reach program, greater of Minimum Royalty or 12% of Gross Sales2 [p.13 · WI · 2026-04-10] |
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$296,000 [p.18 · WI · 2026-04-10] – $446,500 [p.18 · WI · 2026-04-10]
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 | 47 [p.50 · WI · 2026-04-10] |
|---|---|
| Franchised outlets at end of year | 61 [p.50 · WI · 2026-04-10] |
| Net change in franchised outlets | 14 [p.50 · WI · 2026-04-10] |
| Transfers | 4 [p.50 · WI · 2026-04-10] |
| Terminations | Not disclosed |
| Non-renewals | Not disclosed |
| Ceased operations (other) | 0 [p.52 · WI · 2026-04-10] |
| Company-owned outlets at end of year | 0 [p.50 · WI · 2026-04-10] |
Item 19 — Financial performance representation
Headline cohort
all franchised outlets FY2025 · January 1, 2025 to December 31, 2025
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 37 [p.47 · WI · 2026-04-10] | Not disclosed | Not disclosed | $1,148,757 [p.49 · WI · 2026-04-10] | $65,414 [p.49 · WI · 2026-04-10] |
All disclosed cohorts (5)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| all franchised outlets FY2025 January 1, 2025 to December 31, 2025 |
37 [p.47 · WI · 2026-04-10] | Not disclosed | Not disclosed | $1,148,757 [p.49 · WI · 2026-04-10] | $65,414 [p.49 · WI · 2026-04-10] |
| Quartile 1 - highest average Gross Sales January 1, 2025 to December 31, 2025 |
9 [p.49 · WI · 2026-04-10] | $566,365 [p.49 · WI · 2026-04-10] | $444,413 [p.49 · WI · 2026-04-10] | $1,148,757 [p.49 · WI · 2026-04-10] | $399,833 [p.49 · WI · 2026-04-10] |
| Quartile 2 January 1, 2025 to December 31, 2025 |
9 [p.49 · WI · 2026-04-10] | $317,697 [p.49 · WI · 2026-04-10] | $304,040 [p.49 · WI · 2026-04-10] | $370,509 [p.49 · WI · 2026-04-10] | $277,230 [p.49 · WI · 2026-04-10] |
| Quartile 3 January 1, 2025 to December 31, 2025 |
9 [p.49 · WI · 2026-04-10] | $223,902 [p.49 · WI · 2026-04-10] | $216,065 [p.49 · WI · 2026-04-10] | $276,080 [p.49 · WI · 2026-04-10] | $193,032 [p.49 · WI · 2026-04-10] |
| Quartile 4 - lowest average Gross Sales January 1, 2025 to December 31, 2025 |
10 [p.49 · WI · 2026-04-10] | $144,158 [p.49 · WI · 2026-04-10] | $153,947 [p.49 · WI · 2026-04-10] | $189,043 [p.49 · WI · 2026-04-10] | $65,414 [p.49 · WI · 2026-04-10] |
“The figures in this financial performance representation reflect only revenue of the Franchised Businesses and do not reflect any costs of sales, operating expenses, or other costs or expenses that you will incur in operating the iCode School.” [p.48 · WI · 2026-04-10]
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.