FranchiseVerdict
Sky Zone logo
FV-02339·STRONGExcellent100

Sky Zone

OtherFranchising since 2009Website
Investment
$2.2M – $4.7M
95th pct Other
Avg revenue
$2.9M
45th pct Other
Royalty
6.0%
17th pct Other
Units
193
85th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $2.2M – $4.7M including a $75K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $2.9M/year (median $2.9M). Estimated payback in 4.1 years.
  • Rated STRONG with a risk score of 53/100. SBA loan default rate of 0.0% across 109 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Sky Zone Franchise Group, LLC
Parent company
CircusTrix Holdings, LLC
Incorporated in
Missouri
HQ
86 N. University Avenue, Suite 350, Provo, Utah 84601
Auditor
PricewaterhouseCoopers LLP
Audited financials
Franchisor revenue
$20.4M
vs $20.5M prior year

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 Sky Zone unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $2,894,787
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $2.2M–$4.7M
Working capital
$
FDD reports $50K–$150K

Unlevered ROIC · per unit

12%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$434K
EBITDA margin
15.0%
Total invested
$3.6M
Payback
98 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Sky Zone units return on equity?

Edit assumptions

Equity IRR · 5-yr

27.9%

3.42× MOIC

Year-1 DSCR

2.91×

EBITDA ÷ debt service

Equity required

$11.2M

on $23.2M purchase

Total debt

$11.9M

SBA $5.0M + senior + seller note

SBA 7(a) request ($11.6M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Sky Zone franchisees operate indoor trampoline parks featuring open-jump areas, dodgeball courts, foam pits, and ancillary attractions (fitness classes, birthday parties, special events). Day-to-day operations include facility management, staff scheduling, customer safety/waiver processing, marketing, and revenue management across membership, walk-in, and event bookings.

CEO
Shawn Hassel
Founded
2008
FDD year
2024
States available
39

Item 7 · what it costs

The Vitals

Total investment
$2.2M – $4.7M
All-in to open one unit
Liquid capital
$50K – $150K
Cash you must have on hand
Franchise fee
$75K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical
Payback period
4.1 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$2.9M
Per unit, per year
Median gross sales
$2.9M
Item 19 type
Average and Median Gross Sales and EBITDA
Sample size
31 units
vs category median 20
Range (low → high)
$1.4M$6.3M
Cohort dispersion
Transparency
7 / 5
vs category median 3 / 5 · above
Revenue rank45th
vs Other peers
Investment cost rank95th
Lower investment ranks lower (better)
Royalty rate rank17th
Lower royalty = lower percentile (better)
Unit count rank85th
vs Other peers
Risk score rank22th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
193
Opened
10
Last reporting year
Closed
2
Turnover rate
1.0%
Company-owned
67
Corporate units in the system
% franchised
65%
vs corporate-owned
Net growth (yr3)
+6.8%
Net unit change last year
3-yr CAGR
+7.7%
Compounded over last 3 years
2022
126+8
Franchised units
2023
118
Franchised units
2024
117
Franchised units

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

Item 20 · 31 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 · 31 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.

Total loans
109
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

53
Risk · 0-100
STRONG53 / 100

Sky Zone presents moderate-to-cautious risk due to elevated litigation exposure, slow unit growth, high capital requirements relative to returns, and absence of audited financial disclosures, warranting deep franchisee validation before investment.

Score breakdown · what drove the 53 / 100 rating

  1. 01HIGHMultiple litigation matters including IP infringement, member disputes with fiduciary duty claims, unfair competition arbitration, and regulatory consent order suggest governance and compliance issues
  2. 02MINORSlow unit growth of 6.8% YoY with 193 units indicates market saturation or franchisee performance challenges in a maturing system
  3. 03MINORHigh initial investment range ($2.18M–$4.72M) against average net income of $836K yields 2.5–4.7 year payback with significant capital at risk
  4. 04MEDMissing Item 19 financial performance representations limits ability to validate disclosed average revenue and net income figures across actual franchisee cohorts
  5. 05HIGHLitigation pattern suggests internal conflicts between franchisor and franchisees, affiliate entities, and management—indicating potential operational friction

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Population
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
4
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
Missouri

Item 11

Training & Operations

Classroom training
46 hrs
On-the-job training
27 hrs
POS system
Roller
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

97 numbers

Locked
(704) 709-••••
NC
(305) 640-••••
FL
(601) 899-••••
MS

One-time purchase · CSV download · Validation questions included

FDD download

Sky Zone · FDD (2024) PDF

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