FDD ITEM 20 · FISCAL 2023–2025
USA NINJA CHALLENGE Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), USA NINJA CHALLENGE reported 44 franchised outlets at year end. 0 of 31 franchised outlets open at the start of the year left the system — an annualized exit rate of 0.0%— while 13 new outlets opened. Systemwide units moved +87.5% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 21 | 24 | 32 |
| Opened | 3 | 8 | 13 |
| Transfers | 0 | 5 | 3 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 1 | 0 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 24 | 32 | 45 |
| Net change | +3 | +8 | +13 |
0 terminations + 0 non-renewals + 0 ceased (other) = 0 exits ÷ 31 at start = 0.0%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (3) are resales, not exits; reacquisitions by the franchisor (0) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
| State | Franchised | Company-owned |
|---|---|---|
| TX | 7 | — |
| OH | 5 | — |
| CA | 4 | — |
| VA | 4 | — |
| MA | 3 | — |
| NH | 3 | 1 |
| PA | 3 | — |
| CT | 2 | — |
| GA | 2 | — |
| NC | 2 | — |
| TN | 2 | — |
| CO | 1 | — |
| FL | 1 | — |
| IL | 1 | — |
| MO | 1 | — |
| NY | 1 | — |
| UT | 1 | — |
| WI | 1 | — |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing USA NINJA CHALLENGE's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →