Thrill Builders Net Worth 2024: Thrill Builders, founded by Guy Kitchell in 2011, is a $5 million revenue-generating entertainment facility development company with a current valuation of $1.25 million as of 2024, specializing in creating immersive attractions like escape rooms and themed entertainment centers, while its founder maintains a 30% ownership stake after securing a $300,000 investment from Shark Tank investors Jason Blum, Kevin O’Leary, and Lori Greiner.
Key Facts About Thrill Builders
- Thrill Builders secured a $300,000 investment from three Sharks on Shark Tank.
- The company generates $5 million in annual revenue.
- Their main facility spans 50,000 square feet of indoor entertainment space.
- The business maintains a profit margin of 30% on operations.
- Thrill Builders has completed over 200 projects nationwide.
- The company holds partnerships with Disney, Universal Studios, and Cedar Point.
- Their escape rooms show an impressive ROI of 200-800%.
What Makes Thrill Builders Different From Other Entertainment Companies?
Thrill Builders stands out as a comprehensive entertainment facility developer, specializing in creating immersive experiences through escape rooms, themed attractions, haunted houses, laser tag, and mini golf. The company’s unique approach combines traditional entertainment elements with modern technology and storytelling, setting new standards in the family entertainment industry.
How Did Guy Kitchell Start Thrill Builders?
Guy Kitchell established Thrill Builders in December 2011, bringing his passion for creating thrilling experiences to life. Beyond Thrill Builders, Kitchell demonstrates his entrepreneurial spirit through ownership of multiple ventures including Klima Deodorant, Halloween FX, and Escape in Time Escape Rooms. His background in entertainment and business development provided the foundation for creating a successful entertainment empire.
What Are The Financial Aspects of Thrill Builders?
The company’s financial trajectory shows significant growth. In 2022, Thrill Builders generated $3.2 million in sales with a profit of $975,000. The following year, projections indicated sales would reach $4.2 million. Over a six-year period, the company accumulated total sales of $12.2 million, demonstrating consistent growth and market stability.
How Did The Shark Tank Appearance Impact The Business?
During their October 27, 2023 Shark Tank appearance, Kitchell initially sought $250,000 for 20% equity. The negotiation resulted in a more substantial deal: $300,000 for 30% equity, with Jason Blum, Kevin O’Leary, and Lori Greiner each taking 10% ownership. This strategic partnership opened new opportunities for expansion and market penetration.
What Services Does Thrill Builders Offer?
The company’s service portfolio includes custom-designed escape rooms, themed attractions, immersive environments, laser tag arenas with interactive elements, mini golf courses with animatronic features, haunted attractions with special effects, and family entertainment center development. Each attraction is designed with cutting-edge technology and storytelling elements.
How Does Thrill Builders Generate Revenue?
The business model operates through multiple revenue streams. Their 50,000-square-foot indoor entertainment center generates income through per-attraction pricing rather than general admission. Additional revenue comes from birthday parties, special events, and the development of entertainment facilities for other businesses. The company has worked with major clients including Walt Disney, Universal Studios, and Cedar Point.
What Are The Future Plans For Thrill Builders?
The company’s expansion plans include developing nine additional facilities over five years. With a total project cost of $7.2 million for their current facility, including $1.8 million in general contractor work, Thrill Builders secured funding through a combination of $1.7 million in raised capital and a $5 million SBA-backed loan.
What Recognition Has The Company Received?
Thrill Builders has established itself as a leading name in the entertainment industry, working with prestigious clients and receiving positive customer reviews. Their projects consistently maintain five-star ratings, and they’ve been recognized for their innovative approach to family entertainment center development.
This comprehensive overview of Thrill Builders showcases a company that’s revolutionizing the family entertainment industry through innovative design, strategic partnerships, and sustainable business practices. Their success story continues to inspire entrepreneurs in the entertainment sector.
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