Listing Number: 76931-387177
***LOW down payment with SBA Loan Assumption Option!**
REDUCED for 2022
This large, bright and unique indoor playground opened in February of 2019 in the Cypress, TX area after an extensive build-out with premium play center equipment. The sellers have been the primary owners since day one. In the first 11 months of business, revenue was over $500,000, with 2019’s annualized sales being $551,960. Original build-out was in late 2018 with premium playground equipment worth $287,986 and the leasehold improvements were close to $100,000. The playground became immediately popular upon opening in February of 2019 and if not for COVID, the revenue and profitability would have continued to grow. Year to date in 2021, the sales have picked back up and there are ample opportunities for parties, events and daycare groups to come to the playground.
It should also be noted that other national competitors and local concepts have closed permanently post-Covid, but this bright and beautiful playground has remained open and is, in fact, thriving and growing. There is so much exciting opportunity here for any buyer!
From a special toddler area for children learning to walk and needing a smaller area to play to twisty tunnels and super-slides for bigger kids, this indoor playground is all about learning while playing. With a zip line, merry-go-round, slides, obstacle courses, educational elements and so much more, the entire business concept encourages education and family time. The business is also award-winning with the title of Best Birthday Party Venue in ’20 and ’21 and also being voted Most Loved Indoor Play Space in ’21.
The current SDE is $86,910. Since this business is an independent concept, there are no franchise fees to pay. Employee turnover is very low, and currently, one of the owners works as the Operations Manager with the help of two Assistant Managers. Any potential buyer could eliminate one or both of the paid management positions and run the play center as an owner/operator while growing the annual revenue with more birthday parties, events, food services, and partnerships with local daycares and schools.
2021 showed great recovery and growth, and 2022 looks to be even better!
- Price: $ 385,000
- Down Payment: $85,000
- Sellers Discretionary Earnings: $ 86,910
- Total Sales: $ 505,963
- Location: Harris County, Texas
- Inventory: $ 0
- FF&E: $ 287,986
- Employees: 8
- Year Established: 2019
- Reason for Selling: Other opportunities for seller
- Category: Recreation