FDD ITEM 20 · FISCAL 2023–2025
USA NINJA CHALLENGE Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), 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 (exit rate 0.0%, fiscal 2025), while 13 new outlets opened. Systemwide units moved 24 → 45 units 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 franchised outlet left the system — including voluntary non-renewals and outlets that ceased for other reasons, which can include sales or absorption into another franchise. Transfers (3) are resales, not exits; reacquisitions by the franchisor (0) are tracked separately. There is no official “failure rate”, and not every exit is a closure or a failure; Item 20 does not say why any outlet left. On a small starting base, a single exit moves this rate sharply.
| 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 | — |
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