Ninja Nation logo

Ninja Nation Franchise

Audited Financials
FitnessEst. 2019Castle Pines, CO
www.ninjanation.com

Risk Score

Pending analysis

Investment Range

$1,183,500 - $1,967,500

Franchise Fee

$44,550

Total US Locations

7

Business Summary

Ninja Nation operates businesses that provide obstacle course arenas for youth and adults to play, train, and compete. These locations offer coach-led classes, open gym sessions, birthday parties, special events, field trips, and day camps. Franchisees also operate a mobile obstacle course unit in conjunction with their main arena.

Corporate History

Ninja Nation Fitness Group, LLC was formed in Delaware in June 2019 to franchise the Ninja Nation concept. Its parent company, Ninja Nation, LLC, which started operating Ninja Nation Businesses in early 2018, owns the brand's intellectual property. Ninja Nation Fitness Group, LLC began offering franchises in August 2019, allowing individuals to develop and operate obstacle course arenas and mobile units. An affiliate company, Ninja Nation Equipment Group, LLC, supplies the necessary obstacle equipment.

Financial Overview

Investment Range

$1,183,500 - $1,967,500

Franchise Fee (Low)

$44,550

Franchise Fee (High)

$49,500

Royalty %

7%

Equipment Costs (Low)

$730,000

Equipment Costs (High)

$1,010,000

Working Capital

$20,000

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

The FDD indicates that Ninja Nation's financial condition, as shown in its financial statements, raises questions about its ability to provide services and support to franchisees.

Financing Details

Ninja Nation does not offer any direct or indirect financing to franchisees and does not guarantee any notes, leases, or other obligations.

Performance Metrics

Total US Locations

7

Franchised Units

4

Corporate Units

3

Avg Square Footage

15,500

Franchising Since

2019

Agreement Terms

Initial Term

10 years

Renewal Term

5 years

Renewal Conditions

To renew their franchise, Ninja Nation franchisees must timely request a business review, have substantially complied with all contractual obligations and Brand Standards, remodel and upgrade their business, sign the then-current form of franchise agreement and any required releases, and pay a successor franchise fee.

Training & Support Program

Franchisor Assistance

Ninja Nation provides extensive pre-opening assistance, including reviewing potential business sites and leases, providing template plans for facility design, and managing the design, procurement, and setup of obstacle courses through its affiliate. Initial training is provided for the Managing Owner, arena manager, and head coach, followed by an "opening team" sent to the business for up to five days to assist with launch. Franchisees also receive access to Ninja Nation's Operations Manual. Ongoing support includes advice and recommendations on operations, standards, pricing, purchasing, and marketing. Ninja Nation also conducts periodic inspections, offers refresher training, reviews advertising materials, and provides access to its computer system and Intranet.

Initial Training Hours

96

Training Location

Corporate headquarters in Centennial, CO

Ongoing Support

After opening, Ninja Nation provides ongoing advice and recommendations regarding the business's operations, including standards, pricing, purchasing, supervisory employee training, accounting, advertising, and marketing. Franchisees also have continued access to the Operations Manual and may receive additional guidance or training upon request (at their expense). Ninja Nation periodically inspects and monitors the business's operations, offers refresher training courses, and reviews advertising and promotional materials for approval. An Intranet may also be established for system-wide communications.

Franchise Requirements

Ideal Candidate Profile

Ninja Nation seeks individuals to serve as a Managing Owner for their franchise business. The Managing Owner must hold at least a 5% equity interest in the franchisee entity and be approved by Ninja Nation. This individual is responsible for the overall management and effective operation of the Ninja Nation Business, possessing sufficient decision-making authority. Ninja Nation also looks for franchisees and their owners to demonstrate necessary business experience, aptitude, and financial resources to operate the business successfully. Key supervisory personnel, including the arena manager, head coach, and mobile leads, must successfully complete Ninja Nation's initial training program before the business opens.

Industry Experience Required

No

Management Experience Required

No

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Hybrid

Owner Participation

Supervisory

Territory Type

Protected

Territory Size Requirements

Ninja Nation franchisees receive an Area of Protection around their approved fixed location, which encompasses a population of up to 100,000 people. This area is defined using demographic information from sources like Applied Geographic Solutions or ESRI.

Staffing Notes

Each Ninja Nation business must always employ at least one fully trained arena manager and one head coach. The franchisee is solely responsible for all aspects of employee management, including hiring, termination, wages, and working conditions. Franchisees must also clearly communicate to their employees that Ninja Nation is not their employer.