Franchise Facts Report → compare → Code Ninjas vs PSM Worldwide
Code Ninjas vs PSM Worldwide
Two child services & education 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.
| Code Ninjas | PSM Worldwide | |
|---|---|---|
| Total initial investment FDD Item 7 | $177,000 – $385,500 | $304,650 – $760,640 |
| Initial franchise fee FDD Item 5 | $40,000 | $15,000 |
| Royalty FDD Item 6 | 2.25% | 5% |
| Item 19 earnings disclosed FDD Item 19 | Yes | Yes |
| Avg unit revenue (headline) FDD Item 19 | $241,943 | $545,008 |
| Franchised outlets FDD Item 20 | 263 | 22 |
| Net outlet change (latest yr) FDD Item 20 | -21 | +8 |
| Closure rate FDD Item 20 | 8.8% | 57.1% |
| Franchisee lawsuits FDD Item 3 | disclosed | disclosed |
| Risk level our read | Medium | Medium |
| FDD year registration | 2024 | 2025 |
Are Code Ninjas and PSM Worldwide the same company?
No — Code Ninjas and PSM Worldwide are franchised by separate companies. Code Ninjas's franchisor is CODE NINJAS, LLC; PSM Worldwide's is PSM Worldwide, 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
Code Ninjas is the cheaper franchise to open: its FDD Item 7 puts the total initial investment at $177,000 – $385,500, against $304,650 – $760,640 for PSM Worldwide.
How much does each make? (Item 19)
Both franchisors make an Item 19 financial performance representation. On the headline average unit revenue each discloses, PSM Worldwide reports the higher figure ($545,008 vs $241,943). Revenue is not profit — the full report breaks out what each brand actually represents.
Closures & failure rate
Code Ninjas reports 263 franchised outlets, net change -21 in the latest reported year, a 8.8% closure rate (FDD Item 20). PSM Worldwide reports 22 franchised outlets, net change +8 in the latest reported year, a 57.1% 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 child services & education medians.
Litigation
Code Ninjas discloses litigation in FDD Item 3 (case detail in the full report). PSM Worldwide 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 child services & education peers.
Only looking at one of them?
Code Ninjas vs PSM Worldwide — frequently asked
Are Code Ninjas and PSM Worldwide the same company?
No — Code Ninjas and PSM Worldwide are franchised by separate companies. Code Ninjas's franchisor is CODE NINJAS, LLC; PSM Worldwide's is PSM Worldwide, 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 Code Ninjas and PSM Worldwide?
Code Ninjas and PSM Worldwide are child services & education franchises from different franchisors (CODE NINJAS, LLC and PSM Worldwide, LLC). Code Ninjas is the cheaper franchise to open: its FDD Item 7 puts the total initial investment at $177,000 – $385,500, against $304,650 – $760,640 for PSM Worldwide. Both franchisors make an Item 19 financial performance representation. On the headline average unit revenue each discloses, PSM Worldwide reports the higher figure ($545,008 vs $241,943). Revenue is not profit — the full report breaks out what each brand actually represents.
Is Code Ninjas more profitable than PSM Worldwide?
Both franchisors make an Item 19 financial performance representation. On the headline average unit revenue each discloses, PSM Worldwide reports the higher figure ($545,008 vs $241,943). Revenue is not profit — the full report breaks out what each brand actually represents.
Which is cheaper to open — Code Ninjas or PSM Worldwide?
Code Ninjas is the cheaper franchise to open: its FDD Item 7 puts the total initial investment at $177,000 – $385,500, against $304,650 – $760,640 for PSM Worldwide.
Is Code Ninjas or PSM Worldwide growing faster?
Code Ninjas reports 263 franchised outlets, net change -21 in the latest reported year, a 8.8% closure rate (FDD Item 20). PSM Worldwide reports 22 franchised outlets, net change +8 in the latest reported year, a 57.1% closure rate (FDD Item 20).
Go deeper on each brand
Child services & education rankings
Figures are as disclosed in each brand's most recent registered FDD (Code Ninjas 2024, PSM Worldwide 2025). “—” means the FDD does not disclose it or the table did not parse cleanly — never an estimate.