Three Sharks on Shark Tank invested $300,000 in Thrill Builders. The enterprise brings around $five million a year. They have 50,000 rectangular toes of indoor amusement area at their main web site. The organisation keeps its working profit margin at 30%.
Information on Net worth of Thrill Builders
Guy Kitchell founded Thrill Builders in 2011 and it's miles currently worth $1.25 million as of 2024. The employer is a $5 million sales-producing leisure facility development employer that makes a speciality of developing immersive points of interest like escape rooms and themed entertainment facilities. Its founder nevertheless owns 30% of the enterprise after obtaining a $300,000 investment from Shark Tank buyers.
Thrill Builders: How Did Guy Kitchell Get Started?
In December 2011, Guy Kitchell founded Thrill Builders to realize his love of building exhilarating experiences. Kitchell exhibits his entrepreneurial zeal outside of Thrill Builders by owning other businesses, such as Escape in Time Escape Rooms, Halloween FX, and Klima Deodorant. His experience in corporate growth and entertainment laid the groundwork for building a prosperous entertainment empire.
What Effect Did the Shark Tank Look Have on the Company?
When Kitchell first appeared on Shark Tank on October 27, 2023, they asked for $250,000 in exchange for 20% ownership. A more significant agreement was reached as a result of the negotiations: $300,000 for 30% stock, with 10% ownership each from Jason Blum, Kevin O'Leary, and Lori Greiner. New prospects for growth and market penetration were made possible by this strategic alliance. Thrill Builders: How Do They Make Money? The company model uses a variety of revenue sources to function. Instead of charging general entry, its 50,000-square-foot indoor entertainment center charges fees for each attraction. Birthday celebrations, special events, and the construction of entertainment spaces for other companies provide extra income. Among the company's notable clients are Universal Studios, Cedar Point, and Walt Disney.