iCode Achieves Notable Distinction On Entrepreneur Magazine’s 42nd Annual Franchise 500® List
January 21, 2021 // Franchising.com // ADDISON, Texas - iCode announced today that it has been named to Entrepreneur magazine’s Franchise 500® list. The brand was rated number 465 in the “children’s business” category.
The recognition received by iCode highlights the successful expansion made by the company in 2020. The brand had several openings last year, which brings iCode’s total number of locations to 26 in communities across the United States.
“It’s such an honor to be placed on this list for the first time ever by Entrepreneur,” said iCode founder and CEO Abid Abedi. "We are excited to build upon our momentum from this past year and expand into new markets. This new year is about creating lasting partnerships, supporting existing one and filling the gaps for truly exceptional computer science education for children. We feel very optimistic looking into the future.”
The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” says Jason Feifer, Entrepreneur editor-in-chief. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
iCode differentiates itself in the fast-growing computer science education industry with its state-of-the-art facilities and proprietary curricula. Through its robust menu of offerings, including popular summer camps and gaming leagues, the brand has built a business that supports multiple revenue streams. With four classrooms in each center, multiple programs can be taught at one time, which is unique in the coding education space. As it plugs into franchise growth, iCode is equipped with a thorough support structure and exceptional leadership.
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