Franchise Facts Report → compare → Club Z! vs Code Ninjas
Club Z! vs Code Ninjas
Two other franchises, compared on the numbers their own Franchise Disclosure Documents put on record — investment, fees, Item 19 earnings, outlet churn, and litigation. Not marketing copy.
| Club Z! | Code Ninjas | |
|---|---|---|
| Total initial investment FDD Item 7 | $31,475 – $50,425 | $177,000 – $385,500 |
| Initial franchise fee FDD Item 5 | $19,750 | $40,000 |
| Royalty FDD Item 6 | 6% | 2.25% |
| Item 19 earnings disclosed FDD Item 19 | Not disclosed | Yes |
| Avg unit revenue (headline) FDD Item 19 | — | in report |
| Franchised outlets FDD Item 20 | 383 | 263 |
| Net outlet change (latest yr) FDD Item 20 | -2 | -21 |
| Closure rate FDD Item 20 | 0.8% | 8.8% |
| Franchisee lawsuits FDD Item 3 | — | disclosed |
| Risk level our read | Medium | Medium |
| FDD year registration | 2020 | 2024 |
Are Club Z! and Code Ninjas the same company?
No — Club Z! and Code Ninjas are franchised by separate companies. Club Z!'s franchisor is Club Z!, Inc.; Code Ninjas's is CODE NINJAS, LLC. Each registers and files its own Franchise Disclosure Document, and you would be signing with a different entity depending on which you chose. Note that a registry filing names the franchisor, not necessarily its ultimate parent — two brands owned by the same parent company can still have separate franchisors.
Cost to open
Club Z! is the cheaper franchise to open: its FDD Item 7 puts the total initial investment at $31,475 – $50,425, against $177,000 – $385,500 for Code Ninjas.
How much does each make? (Item 19)
Only Code Ninjas disclosed earnings: it makes an Item 19 financial performance representation, while Club Z!'s most recent FDD makes none. That asymmetry is itself a data point: one franchisor puts its unit economics on paper, the other doesn't.
Closures & failure rate
Club Z! reports 383 franchised outlets, net change -2 in the latest reported year, a 0.8% closure rate (FDD Item 20). Code Ninjas reports 263 franchised outlets, net change -21 in the latest reported year, a 8.8% closure rate (FDD Item 20). Outlet churn — closures, terminations, non-renewals — is the closest thing an FDD has to a failure rate; the full report puts both brands' churn against other medians.
Litigation
Club Z!'s Item 3 could not be read from its filing, so we make no claim either way. Code Ninjas discloses litigation in FDD Item 3 (case detail in the full report).
This page is the headline numbers. The Deep report compares up to three brands on the complete FDD record — every fee line, the actual Item 19 figures and what they represent, each lawsuit, and churn benchmarked against other peers.
Only looking at one of them?
Club Z! vs Code Ninjas — frequently asked
Are Club Z! and Code Ninjas the same company?
No — Club Z! and Code Ninjas are franchised by separate companies. Club Z!'s franchisor is Club Z!, Inc.; Code Ninjas's is CODE NINJAS, LLC. Each registers and files its own Franchise Disclosure Document, and you would be signing with a different entity depending on which you chose. Note that a registry filing names the franchisor, not necessarily its ultimate parent — two brands owned by the same parent company can still have separate franchisors.
What is the difference between Club Z! and Code Ninjas?
Club Z! and Code Ninjas are other franchises from different franchisors (Club Z!, Inc. and CODE NINJAS, LLC). Club Z! is the cheaper franchise to open: its FDD Item 7 puts the total initial investment at $31,475 – $50,425, against $177,000 – $385,500 for Code Ninjas. Only Code Ninjas disclosed earnings: it makes an Item 19 financial performance representation, while Club Z!'s most recent FDD makes none. That asymmetry is itself a data point: one franchisor puts its unit economics on paper, the other doesn't.
Is Club Z! more profitable than Code Ninjas?
Only Code Ninjas disclosed earnings: it makes an Item 19 financial performance representation, while Club Z!'s most recent FDD makes none. That asymmetry is itself a data point: one franchisor puts its unit economics on paper, the other doesn't.
Which is cheaper to open — Club Z! or Code Ninjas?
Club Z! is the cheaper franchise to open: its FDD Item 7 puts the total initial investment at $31,475 – $50,425, against $177,000 – $385,500 for Code Ninjas.
Is Club Z! or Code Ninjas growing faster?
Club Z! reports 383 franchised outlets, net change -2 in the latest reported year, a 0.8% closure rate (FDD Item 20). Code Ninjas reports 263 franchised outlets, net change -21 in the latest reported year, a 8.8% closure rate (FDD Item 20).
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Figures are as disclosed in each brand's most recent registered FDD (Club Z! 2020, Code Ninjas 2024). “—” means the FDD does not disclose it or the table did not parse cleanly — never an estimate.