BREATHE YOGA vs Icode
BREATHE YOGA vs Icode: BREATHE YOGA costs $346K to $551K to open; Icode costs $77K to $491K. BREATHE YOGA has 8 units, Icode has 51. SBA loan history: BREATHE YOGA = 8 loans (25.0% default); Icode = 35 loans (5.7% default). The franchise with more SBA funded units, a lower SBA default rate, and a lower royalty load is the safer financing bet; see the comparison below.
BREATHE YOGA vs Icode: Capital, Scale & Lending Analysis
Analysis based on FDD filings and SBA 7(a) loan level data. Each pairing reflects a unique combination of capital intensity, system scale, and financing path.
Capital Intensity
Icode requires the lower minimum capital commitment ($77K vs $346K for BREATHE YOGA), a 350% spread. Initial franchise fees come in at $35K for BREATHE YOGA versus $40K for Icode, BREATHE YOGA has the lower entry fee.
System Scale & Tenure
On scale, Icode operates 51 units to BREATHE YOGA's 8, roughly 6× the system size.
SBA Lending Profile
Icode has the deeper SBA lending track record, with 35 7(a) approvals compared with 8 for BREATHE YOGA.
Risk Signal
SBA default rates are 25.0% for BREATHE YOGA and 5.7% for Icode, Icode has the cleaner SBA loss record by 19.3 points. PeerSense FPI scores come in at 30 (Fair) for BREATHE YOGA and 63 (Moderate) for Icode, giving Icode the stronger composite signal across SBA performance, lender appetite, and operational consistency.
Health & Performance
FPI Score | 30/100 | 63/100 |
Health Tier | Limited | Moderate |
Confidence | N/A | N/A |
Lending Trend | N/A | Stable |
SBA Lending
SBA Loans | 8 | 35 |
SBA Volume | – | – |
Default Rate | 25.0% | 5.7% |
Peer Tier | emerging | established |
Investment & Costs
Total Investment | $346K to $551K | $77K to $491K |
Franchise Fee | $35K | $40K |
Royalty Rate | N/A | 8% |
Ad Fund | N/A | 2% |
Liquid Capital | N/A | N/A |
Net Worth Required | N/A | N/A |
Financial Performance (Item 19)
Item 19 Status | Not Disclosed | Disclosed |
System Size & Operations
Total Units | 8 | 51 |
Franchised Units | 8 | 47 |
Company Owned | – | 4 |
Term Length | N/A | 10 yrs |
Brand Information
Year Founded | 2002 | N/A |
Franchising Since | N/A | 2016 |
Years Franchising | N/A | 10 yrs |
Headquarters | Pittsford, NY | TX |
Category | All Other Miscellaneous Schools | All Other Miscellaneous Schools |
Website | ||
FDD Year | N/A | 2025 |
Which Is Better, BREATHE YOGA or Icode?
Lower upfront capital required
Tie
BREATHE YOGA: $346K starting · Icode: $77K starting
More SBA lender confidence
Icode
BREATHE YOGA: 8 SBA loans · Icode: 35 SBA loans
Lower SBA default rate
Icode
BREATHE YOGA: 25.0% · Icode: 5.7%
Larger system & brand presence
Tie
BREATHE YOGA: 8 units · Icode: 51 units
More lender financing options
Icode
BREATHE YOGA: 6 unique lenders · Icode: 14 unique lenders
Decision matrix uses publicly disclosed FDD and SBA loan data. Not a recommendation. Your best franchise depends on capital, market, operating capacity, and risk tolerance.
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About These Franchises
BREATHE YOGA vs Icode: Franchise Funding Comparison
Comparing BREATHE YOGA and Icode is about more than brand preference. It's about which franchise fits your financial profile and funding strategy. Investment ranges from $77K to $551K.
BREATHE YOGA has 8 SBA loans on record and Icode has 35. Those totals are cumulative history rather than a measure of current appetite. There is not enough recent lending activity on record to judge current appetite for at least one of these brands, so it has to be checked deal by deal.
SBA 7(a) loans are the most common franchise funding vehicle, offering up to $5M with as little as 10% down. PeerSense connects franchise buyers with the specific lenders who have approved loans for these brands, not generic referrals, but lenders with actual franchise lending track records.
Data sourced from SBA loan records, Franchise Disclosure Documents, and public filings. Updated regularly. Not financial advice, consult with a lending professional before making investment decisions.
BREATHE YOGA vs Icode, Frequently Asked Questions
Which is a better franchise investment, BREATHE YOGA or Icode?
How much does a BREATHE YOGA franchise cost compared to Icode?
Can I finance BREATHE YOGA or Icode with an SBA loan?
Which has a lower SBA default rate, BREATHE YOGA or Icode?
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman