Challenge Island vs CODE NINJAS
Side-by-side figures from each brand's latest FDD Item 20 as we extracted them; verdicts are our opinion under the published methodology, and the source filing and year are on each brand's profile. Green marks the more favorable metric (lower for distress), not a recommendation to buy.
Units · latest run
+18.0% (2023–2025)
Net unit change
-14.6% (2021–2025)
Weak
Exit quality
Fair
Strong
Transfer / churn
Fair
Too few seasoned loans
SBA losses vs same-year loans
1.5× expected (12 of 74)
—
Distress
—
$49,900
Franchise fee
$45,000
$58K–$74K
Investment range
$174K–$266K
7%
Royalty
8.25%
Disclosed
Earnings (Item 19)
Disclosed
Challenge Island
CODE NINJAS
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