Bottom line
- Total investment $360K – $598K including a $45K franchise fee, 7.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 8 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Conquer Ninja unit return on the cash you put in?
Unlevered ROIC · per unit
38%
In Yale's "attractive" band (30–60%)
Overview
About
Conquer Ninja operates ninja warrior obstacle course training facilities targeting children and adults. Franchisees manage daily operations including class scheduling, instructor supervision, member retention, and facility maintenance while generating revenue through memberships, drop-in classes, birthday parties, and special events.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 19 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage ninja/fitness franchise with aggressive unit growth from tiny base, high capital requirements, and zero financial transparency prevents reliable ROI validation.
Score breakdown · what drove the 52 / 100 rating
- 01MEDNo average revenue or net income disclosed — inability to assess ROI on $360k-$597.5k investment
- 02MEDOnly 12 units system-wide suggests early/unproven franchise model with limited track record
- 03MINOR67% YoY growth rate appears strong but from extremely small base (only ~7 units existed one year ago)
- 04MINORHigh initial investment ($45k franchise fee + $315k-$552.5k buildout) relative to system size and revenue transparency
- 05MINORNo Item 19 financial performance data published — franchisees cannot validate earnings claims independently
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
26 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Conquer Ninja · FDD (2025) PDF