This business specializes in kid's birthday parties, group events, and family fun entertainment. It is located in an excellent high traffic area of Southern California, and it boast some of the highest customer ratings in the industry. The owners of this business were under tremendous strain during the COVID pandemic, and due to the downturn have decided to sell their assets. This presents a tremendous opportunity for a buyer to acquire the assets and the business at a fraction of the cost it would take a new buyer to start this business from scratch.
The owners purchased this franchise location and launched in 2018. They were on pace to do over $800,000 in Revenue in 2020 and over $147,000 in SDE when they were shut down due to government regulations put in place to mitigate the expansion of the COVID global pandemic. The owner's were put under a tremendous financial strain due to the pandemic and fixed costs, and have decided to sell their assets along with the business. This presents are great opportunity for a new buyer to come in and acquire the business and the assets and take the business to the next level at a fraction of the cost at a time when the pandemic is coming to a close, which equates to an accelerate ROI.
Competitive Overview The business has an average between 170 - 200 parties a month. They want to be the first choice for parents to have a safe but fun place to host their events. There are some others companies in the LA area, but very few with the reputation and good will that they have. The other competitors are public event venues. This company offers private events. Some direct competitors include; Scooter Jungle, Chuck E Cheese, Adventureplex.
Potential Growth The opportunity for growth is extremely strong for this business. Especially considering that the owners have made it past the first year growing pains and the business is in place to realize steady flow of cash and sales.
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