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Updated RecentlysmART Explorers vs Code Ninjas Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of smART Explorers vs Code Ninjas including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $27,500 | $31,420 - $333,270 |
| Franchise Fee | $19,500 | $15,000 - $31,000 |
| Royalty Fee | 7% | 6.5%-12% |
| Advertising Fee | - | - |
| Year Founded | 2006 | 2016 |
| Year Franchised | 2007 | 2016 |
| 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. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
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. |
| 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. |
| Marketing | - | - |
| Operations | * Franchise can be run from home * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About smART Explorers
NO LONGER FRANCHISING
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.