FranchiseVerdict
Ninja Trix logo
FV-01782·CAUTIONExcellent81

Ninja Trix

Education - Children's ProgramsFranchising since 2023Website
Investment
$225K – $382K
52nd pct Children's Pr…
Avg revenue
69th pct Children's Pr…
Royalty
7.5%
54th pct Children's Pr…
Units
43
70th pct Children's Pr…
SBA default

Bottom line

  • Total investment $225K – $382K including a $50K franchise fee, 7.5% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 73/100.
  • System growing at 23.5% CAGR over 3 years with 43 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
NINJA TRIX FRANCHISING, LLC
Incorporated in
Florida
HQ
4050 Avalon Blvd., Milton, Florida 32583
Auditor
Metwally CPA PLLC
Audited financials

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 Ninja Trix unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: education
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $225K–$382K
Working capital
$
FDD reports $30K–$60K

Unlevered ROIC · per unit

31%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$109K
EBITDA margin
14.5%
Total invested
$348K
Payback
38 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Ninja Trix operates indoor obstacle course and parkour facilities where franchisees run membership-based or drop-in programs, children's classes, birthday parties, and competitive training. Daily operations include facility management, instructor hiring/training, member safety protocols, and marketing to schools and families in their protected territory.

CEO
Steve Butts
Founded
2022
FDD year
2023
States available
22

Item 7 · what it costs

The Vitals

Total investment
$225K – $382K
All-in to open one unit
Liquid capital
$30K – $60K
Cash you must have on hand
Franchise fee
$50K
Royalty
7.5%
Gross Revenues · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
8.5%
vs 9–13% typical

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

Total units
43
Opened
3
Last reporting year
Closed
17
Turnover rate
39.5%
Company-owned
1
Corporate units in the system
% franchised
98%
vs corporate-owned
Net growth (yr3)
-26.3%
Net unit change last year
3-yr CAGR
+23.5%
Compounded over last 3 years
2021
42-16
Franchised units
2022
57
Franchised units
2023
34
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 30 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 30 states
Not registered

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

73
Risk · 0-100
CAUTION73 / 100

Ninja Trix exhibits HIGH RISK characteristics: a contracting system (-26.3% units), absent financial disclosures, and questionable franchisor stability—making this unsuitable for risk-averse investors without extraordinary due diligence.

Score breakdown · what drove the 73 / 100 rating

  1. 01MEDUnit count declined 26.3% year-over-year (43 units), indicating system contraction and franchisee attrition
  2. 02MINORNo average revenue or net income disclosure (Item 19 absent), preventing ROI validation and profitability assessment
  3. 03HIGHGoing concern status is FALSE, suggesting potential financial instability at franchisor level
  4. 04MEDHigh initial investment range ($224.6K–$381.5K) with 7.5% royalty burden and no disclosed average unit economics
  5. 05MINORCombination of shrinking franchise base + financial opacity creates high closure risk for new franchisees

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius/Population
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Florida

Item 11

Training & Operations

Classroom training
42 hrs
On-the-job training
48 hrs
POS system
MyStudio
Operating tech stack

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

43 numbers

Locked
(512) 463-••••
TX
(207) 883-••••
ME
(205) 270-••••
AL

One-time purchase · CSV download · Validation questions included

FDD download

Ninja Trix · FDD (2023) PDF

Single-page checkout · instant download · CSV export of contacts available separately above