FranchiseVerdict
Urban Air Adventure Park logo
FV-02857·MODERATEExcellent100

Urban Air Adventure Park

Formerly known as UATP

OtherFranchising since 2013Website
Investment
$3.1M – $8.4M
97th pct Other
Avg revenue
$3.2M
47th pct Other
Royalty
7.0%
33rd pct Other
Units
197
86th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $3.1M – $8.4M including a $100K franchise fee, 7.0% ongoing royalty.
  • Average unit revenue of $3.2M/year (median $2.9M). Estimated payback in 17.7 years.
  • Rated MODERATE with a risk score of 56/100. SBA loan default rate of 0.0% across 262 loans (below the industry average).
  • System growing at 19.9% CAGR over 3 years with 197 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
UATP Management, LLC
Parent company
Unleashed Brands, LLC
Incorporated in
Texas
HQ
2350 Airport Freeway, Suite 505, Bedford, Texas 76022
Auditor
Deloitte & Touche LLP
Audited financials
Franchisor revenue
$151.5M
vs $194.7M 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 Urban Air Adventure Park unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $3,201,035
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: $3.1M–$8.4M
Working capital
$
FDD reports $120K–$240K

Unlevered ROIC · per unit

6%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$352K
EBITDA margin
11.0%
Total invested
$5.9M
Payback
202 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 Urban Air Adventure Park units return on equity?

Edit assumptions

Equity IRR · 5-yr

38.4%

5.07× MOIC

Year-1 DSCR

2.18×

EBITDA ÷ debt service

Equity required

$4.0M

on $12.8M purchase

Total debt

$8.8M

SBA $5.0M + senior + seller note

SBA 7(a) request ($6.4M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Franchisees operate indoor adventure parks featuring attractions such as trampoline courts, ropes courses, climbing walls, and arcade games targeting families and youth. Day-to-day operations include facility management, staff scheduling, customer safety compliance, marketing, birthday party and event coordination, and maintenance of mechanical attractions.

CEO
Michael Browning, Jr.
Founded
2013
FDD year
2025
States available
38

Item 7 · what it costs

The Vitals

Total investment
$3.1M – $8.4M
All-in to open one unit
Liquid capital
$120K – $240K
Cash you must have on hand
Franchise fee
$100K
Royalty
7.0%
Gross Sales · typical 6–8%
Ad fund
5.0%
typical 3–5%
Total fee load
12.3%
vs 9–13% typical
Payback period
17.7 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$3.2M
Per unit, per year
Median gross sales
$2.9M
Item 19 type
EBITDA
Sample size
148 units
vs category median 20 · large
Range (low → high)
$1.2M$13.3M
Cohort dispersion
Transparency
10 / 5
vs category median 3 / 5 · above
Revenue rank47th
vs Other peers
Investment cost rank97th
Lower investment ranks lower (better)
Royalty rate rank33th
Lower royalty = lower percentile (better)
Unit count rank86th
vs Other peers
Risk score rank29th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
197
Opened
17
Last reporting year
Closed
3
Turnover rate
1.5%
Company-owned
4
Corporate units in the system
% franchised
98%
vs corporate-owned
Net growth (yr3)
+7.8%
Net unit change last year
3-yr CAGR
+19.9%
Compounded over last 3 years
2023
193+14
Franchised units
2024
179
Franchised units
2025
161
Franchised units

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

Item 20 · 13 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 · 13 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
262
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

56
Risk · 0-100
MODERATE56 / 100

Urban Air presents moderate-to-high risk: litigation over royalties, regulatory compliance failures, thin unit growth, and marginal unit economics create a challenging investment landscape despite protected territory.

Score breakdown · what drove the 56 / 100 rating

  1. 01HIGHActive litigation with franchisees over royalty non-payment and breach of contract suggests systemic franchisor-franchisee conflict and potential cash flow problems at corporate level
  2. 02MINORRegulatory actions in Maryland and California regarding franchise disclosure indicate compliance failures and potential legal liability exposure for new franchisees
  3. 03HIGHModest unit growth (7.8% YoY) combined with high capital requirements ($3.1M–$8.4M) and litigation history suggests difficulty in unit recruitment and retention
  4. 04MINORAverage net income of $324,640 on $3.2M revenue (10.1% margin) is thin for an entertainment venue with $3.1M+ startup costs and 7% royalty drag, resulting in 5-9 year payback minimum
  5. 05MINORDispute with primary attraction installer (Leap of Faith Adventures) creates supply chain risk and potential cost increases for equipment and maintenance
  6. 06HIGHHigh franchise fee ($100,000) combined with litigation track record increases financial risk for new entrants with limited recourse

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/Boundaries
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
6
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
Optional
Governing law
Texas

Item 11

Training & Operations

Classroom training
95 hrs
On-the-job training
82 hrs

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

30 numbers

Locked
(936) 446-••••
TX
(573) 380-••••
MO
(713) 924-••••
TX

One-time purchase · CSV download · Validation questions included

FDD download

Urban Air Adventure Park · FDD (2025) PDF

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