USA Ninja Challenge
Formerly known as Ninja Nation
Bottom line
- Total investment $413K – $644K including a $60K franchise fee, 7.5% ongoing royalty.
- Average unit revenue of $304K/year (median $261K).
- Rated STRONG with a risk score of 51/100. SBA loan default rate of 0.0% across 52 loans (below the industry average).
- System growing at 47.6% CAGR over 3 years with 32 total units — strong expansion trajectory.
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 USA Ninja Challenge unit return on the cash you put in?
Unlevered ROIC · per unit
15%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 USA Ninja Challenge units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.3M
on $6.7M purchase
Total debt
$5.4M
SBA $3.3M + senior + seller note
Overview
About
USA Ninja Challenge franchisees operate indoor obstacle course and ninja warrior training facilities targeting children and families. Day-to-day operations include managing class schedules, instructing/supervising participants on obstacle courses, maintaining equipment safety, and generating revenue through memberships, drop-in classes, birthday parties, and special events.
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 · 23 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
Undisclosed profitability metrics and corporate going concern status present material risk despite revenue growth; insufficient data to validate ROI on $413k-$644k investment.
Score breakdown · what drove the 51 / 100 rating
- 01MEDNo Item 19 (Average Net Income) disclosed — cannot validate actual profitability against $413k-$644k investment
- 02HIGHGoing Concern = False indicates potential financial instability at corporate level despite 29.2% unit growth
- 03MEDHigh royalty burden (7.5%) combined with undisclosed net income creates uncertainty on actual take-home profit
- 04MEDOnly 32 units is a small franchise system with limited track record; 29.2% YoY growth may not be sustainable
- 05MINORAverage revenue of $304k against investment range suggests thin margins and extended payback period
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
56 numbers
One-time purchase · CSV download · Validation questions included
FDD download
USA Ninja Challenge · FDD (2025) PDF