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    Franchise opportunities compared

    USA Ninja Challenge vs Water Wings Swim School

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    USA Ninja Challenge2025 FDDWater Wings Swim School2026 FDD

    Initial investment · Item 7

    USA Ninja Challenge

    Not available

    Water Wings Swim School

    $1,033,500

    2026 FDD · Item 7 · PDF p. 26

    Initial franchise fee · Item 5

    USA Ninja Challenge

    $60,000

    2025 FDD · Item 5 · PDF p. 11

    Water Wings Swim School

    $50,000

    2026 FDD · Item 5 · PDF p. 15

    Royalty · Item 6

    USA Ninja Challenge

    7.5%

    2025 FDD · Item 6 · PDF p. 11

    Water Wings Swim School

    6% or $2,500/mo min

    2026 FDD · Item 6 · PDF p. 16

    Before you compare

    • USA Ninja Challenge figures come from its 2025 FDD and Water Wings Swim School figures from its 2026 FDD, so the years differ.
    • Item 19 figures cover the location groups each FDD names (USA Ninja Challenge: 3, Water Wings Swim School: 2). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    USA Ninja Challenge

    Not available
    No reviewed Item 7 total

    Water Wings Swim School

    $1,033,500
    As incurred Us, employees, third-party suppliers, Approved Suppliers, etc. TOTAL 15 — 1033500
    2026 FDD · Item 7 · PDF p. 26
    Standard initial franchise fee (Item 5)

    USA Ninja Challenge

    $60,000
    2025 FDD · Item 5 · PDF p. 11

    Water Wings Swim School

    $50,000
    Item 5 separately lists a Development Fee for multi-unit development rights and a Project Management Fee.
    2026 FDD · Item 5 · PDF p. 15
    Royalty (Item 6)

    USA Ninja Challenge

    7.5%
    Royalty
    2025 FDD · Item 6 · PDF p. 11

    Water Wings Swim School

    6% or $2,500/mo min
    OTHER FEES Type of Fee 1 Amount Due Date Remarks Royalty Fee 6% of Gross Sales 2 or — 2500
    2026 FDD · Item 6 · PDF p. 16
    Brand / advertising fund (Item 6)

    USA Ninja Challenge

    1.5%
    Brand Development Fund Contribution — 1.5%
    2025 FDD · Item 6 · PDF p. 11

    Water Wings Swim School

    7%
    ibution and any Advertising Cooperative contribution described below will not exceed — 7% — 7%
    2026 FDD · Item 6 · PDF p. 23

    System scale & health

    Total outlets (Item 20)

    USA Ninja Challenge

    32
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 37

    Water Wings Swim School

    13
    Outlets at end of 2025
    2025 FDD · Item 20 · PDF p. 63
    Net outlet change (Item 20)

    USA Ninja Challenge

    +11
    Calculated: 21 at end of 2022 → 32 at end of 2024

    Water Wings Swim School

    +5
    Calculated: 8 at end of 2022 → 13 at end of 2025
    Outlet exits (Item 20)

    USA Ninja Challenge

    Not available
    No complete exit records for a year

    Water Wings Swim School

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    USA Ninja Challenge

    Not available
    Not in reviewed records

    Water Wings Swim School

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    USA Ninja Challenge

    Not available
    Not in reviewed records

    Water Wings Swim School

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    USA Ninja Challenge
    Locations counted not stated in the reviewed record — USA Ninja Challenge locations in operation at least two years (mature outlets)
    $663,826
    other Highest gross income
    2025 FDD · Item 19 · PDF p. 36
    Locations counted not stated in the reviewed record — USA Ninja Challenge locations in operation at least two years (mature outlets)
    $120,977
    other Lowest gross income
    2025 FDD · Item 19 · PDF p. 36
    Locations counted not stated in the reviewed record — USA Ninja Challenge locations in operation at least two years (mature outlets)
    $309,779
    other gross income
    2025 FDD · Item 19 · PDF p. 36
    Water Wings Swim School
    Locations counted not stated in the reviewed record — Eight affiliate corporate schools open throughout2024 and2025
    $507,028
    other Table2 High
    2026 FDD · Item 19 · PDF p. 60
    Locations counted not stated in the reviewed record — Eight affiliate corporate schools open throughout2024 and2025
    $505,144
    other Table1 Median
    2026 FDD · Item 19 · PDF p. 60

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    USA Ninja Challenge vs Water Wings Swim School: common questions

    How do USA Ninja Challenge and Water Wings Swim School royalties compare?
    USA Ninja Challenge: 7.5% (2025 FDD · Item 6 · PDF p. 11); Water Wings Swim School: 6% or $2,500/mo min (2026 FDD · Item 6 · PDF p. 16). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, USA Ninja Challenge or Water Wings Swim School?
    USA Ninja Challenge: 32 (2025 FDD · Item 20 · PDF p. 37); Water Wings Swim School: 13 (2025 FDD · Item 20 · PDF p. 63). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do USA Ninja Challenge and Water Wings Swim School disclose financial performance (Item 19)?
    USA Ninja Challenge has reviewed Item 19 figures for 3 location groups; Water Wings Swim School has reviewed Item 19 figures for 2 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    Full USA Ninja Challenge report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Water Wings Swim School report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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