Bottom line
- Total investment $444K – $596K including a $50K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $509K/year. Estimated payback in 4.8 years.
- Rated CAUTION with a risk score of 72/100.
- Emerging franchise — only 1 year of franchising with 1 units. Early-stage systems carry higher risk but may offer better territory availability.
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 Free Spirit Yoga Ninja Play unit return on the cash you put in?
Unlevered ROIC · per unit
27%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Free Spirit Yoga Ninja Play units return on equity?
Equity IRR · 5-yr
43.5%
6.08× MOIC
Year-1 DSCR
2.01×
EBITDA ÷ debt service
Equity required
$2.8M
on $11.2M purchase
Total debt
$8.4M
SBA $5.0M + senior + seller note
Overview
About
Free Spirit Yoga Ninja Play operates an experiential children's wellness facility combining yoga instruction, ninja obstacle course training, and active play in a single venue. Franchisees manage daily class schedules, instructor hiring/training, facility maintenance, enrollment/billing, and parent/child customer experience across what appears to be a boutique, membership-based model.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 4 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.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Single-unit franchise with going concern issues, absent financial disclosures (Item 19), and a 4-5 year breakeven horizon presents HIGH RISK unsuitable for most investors without direct franchisor financial transparency.
Score breakdown · what drove the 72 / 100 rating
- 01MINOROnly 1 operating unit with unknown growth trajectory indicates unproven franchise model scalability
- 02HIGHGoing Concern = False suggests potential financial instability or operational challenges at franchisor level
- 03MINORHigh investment-to-net-income ratio: $443k-$596k investment against $108k avg net income = 4-5.5 year payback with no growth visibility
- 04MINORItem 19 (Financial Performance Representations) appears absent — franchisor not disclosing actual franchisee earnings data
- 05MINORSingle unit dataset is statistically invalid; cannot validate revenue/income sustainability across multiple locations
- 06MINOR7% royalty on $508k revenue = ~$35,600 annual fee significantly impacts the $108k net income margin
- 07HIGHNo disclosed litigation but going concern flag suggests undisclosed legal/operational risks may exist
- 08MEDNiche concept (yoga + ninja + play) has limited addressable market and unproven demand sustainability
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
4 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Free Spirit Yoga Ninja Play · FDD (2025) PDF