28 Aug Acquiring Minds: $2 Million of Fun: Big Margins in Play Centers
The business that today’s guest bought is not the typical searcher target. But when you hear the numbers, you may wonder if it should be. Daniel Batista bought an indoor play center for kids. Imagine 10,000 square feet, a giant mazey play structure, a ball pit, an arcade, and a cafe for the parents. This business boasts 50% net margins — which was frankly hard for me to believe. And Daniel and I spend time on the characteristics that make this single-location business so profitable. It is an outlier, Daniel believes. Most play centers are not nearly so successful. But it still makes you wonder if this category is a hidden gem. Here he is, Daniel Batista, owner of Candeeland Downey.
