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Updated RecentlyCode Ninjas vs MakerKids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Code Ninjas vs MakerKids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $31,420 - $333,270 | $152,750 - $399,000 |
| Franchise Fee | $15,000 - $31,000 | $30,000 |
| Royalty Fee | 6.5%-12% | 8% |
| Advertising Fee | - | 3% |
| Year Founded | 2016 | 2013 |
| Year Franchised | 2016 | 2018 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Qualified candidates for Code Ninjas franchise ownership come from all walks of life, including business, education, military, police, retirees, entrepreneurs (and yes, coders). The best franchise owners play an active role in the business, and are interested in making a positive impact on children and their community. Other qualities we look for are drive, compassion, willingness to learn, and support for our values. | - Passion for working with kids - Thirst for knowledge - Glass half full mindset (60% optimist, 40% realist) - An Excellent Credit History - Leadership Skills - A Desire to Succeed - A Desire to Make A Difference - No past bankruptcies - No past criminal record - Willing to get out there and make sales - Persistence - Desire to listen, share and be compliant - Being happy is more important to you than being right - Customer-oriented Wait, I don’t know how to teach STEM! - Don’t worry. If you don’t have a teaching background, you can still excel as a MakerKids franchisee. In fact, the backgrounds of our ideal franchisees vary greatly – from engineers and accountants to teachers and homemakers, and everything in between. MakerKids franchise training was designed to level the playing field. We teach you all that you need to know about running a business that deals with STEM instruction. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | Prior to opening, franchise owners attend training led by our team of franchising experts, totaling approximately 50 hours. This includes in-person and online training. In addition, a corporate representative will be present to assist with the opening and initial operations of your center, to help you get off to a great start. | - Five (5) days Training in Toronto, Canada - Five (5) days On-Site Training - Education/Curriculum: MakerKids® Lesson Plans Options for additional training*: - Internal Training with support and guidance from MK Training Team via Teleconferences, GoTo Meeting and Webinars - Additional Training available at MK HQ in Toronto, Canada - Additional On-Site Training available *Please inquire about additional training. |
| Support | Code Ninjas is designed to be a turnkey business model with a complete ecosystem of tools and support to run every aspect your franchise. This includes training, site selection, marketing, design, vendor network, franchise management software, and a dedicated support team. | - Advertising and Marketing: Initial supply of Presentation materials and Templates. - Usage of proprietary Operations Manual - Use of MakerKids® Name, Logo and Trademarks - Annual training and workshop - MakerKids new releases and new concepts |
| Marketing | - | - Use of MakerKids® Name, Logo and Trademarks - Presentation Material & Templates |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | Yes |
| International Expansion | - | Yes |
Company Overviews
About Code Ninjas
Code Ninjas is Creating the Problem Solvers of Tomorrow. Code Ninjas is expanding nationwide through franchising..
Code Ninjas teaches children ages 7-14 to
code, a skill that will be as important as a second language in our
technology-driven world. At our state-of-the-art learning centers, kids
have a great time building video games - and they learn coding, math, and
logic in the process. Most importantly, kids gain confidence and problem
solving skills that that will serve them well on whatever path they
take in life.
The total investment necessary to begin operation of a franchise under a
Code Ninjas “center” model is from $125,640 to $333,270. This includes
$33,440 to $41,770 that must be paid to the franchisor or their
affiliate.
The total investment necessary to begin operation of a
franchise under a Code Ninjas “studio” model is from $31,420 to $51,940. This includes
$16,220 to $17,940 that must be paid to the franchisor or affiliate. You
will pay an additional $80,000 to $100,000 if you choose to add an
optional Dojo2Go mobile ‘edutainment’ trailer to your franchise.
#305 in Franchise 500 for 2021. Not in Franchise 500 for 2020.
About MakerKids
MakerKids runs award-winning STEM programs on Coding, Robotics and
Minecraft. We use technology as a medium to help build confidence,
social skills, change-making abilities and a positive relationship with
technology. Kids have started businesses, won prizes from NASA, been
published in magazines, and had positive mental health outcomes. MakerKids was named the #1 franchise concept in the NextGen in
Franchising Competition at the International Franchise Association
Conference from over 400 entrants.
To describe the franchise in one word: transformative
- Target Market: Ages 6-13, including Special Needs students
- Location-based + mobile business/satellite locations: owner to operate multiple satellite
locations e.g. at schools
- Camps, After-School Programs and Parties
- MakerKids® teaches STEM (Science, Technology, Engineering, Mathematics) topics:
Coding, Robotics and Minecraft
- Education/Curriculum: Proprietary Lesson Plans
- Advertising/Marketing: Presentation Material & Templates
- Online Parent Registration