What Happened to Fun Time Express After the Shark Tank Pitch?
What is Fun Time Express?
The Fun Time Express is a trackless train that can be rented for special events and utilized in large venues such as shopping malls and baseball stadiums.
The trains are built and equipped to transport people and goods to and from any sort of event or location, including parks, amusement parks, sports stadiums, and even private parties.
Who Founded Fun Time Express?
Stan Krozel and Kevin Ullery launched Fun Time Express.
Stan and Kevin were successful real estate marketers in Chicago before to the market crisis.
They decided to do something fun and recalled riding trackless trains at the mall as children while Mom and Dad shopped.
They altered the train’s design to accommodate adults who like to rest or window shop.
It is a replica of a 4-4-0 steam locomotive built in the United States. Additionally, they customized it for every event or location, including amusement parks, sports arenas, and private parties.
What Happened to Fun Time Express at the Shark Tank Pitch?
The entrepreneurs enter the Shark Tank aboard a miniature train replete with flashing lights, an unique deep-toned horn, and, of course, a caboose.
Among the passengers on the Fun time Express are a few children, as well as the company’s partners and inventors, Stan Krozel and Kevin Ullery. They hail from Chicago, Illinois.
Stan and Kevin appear on Shark Tank season 5 episode 24 seeking $125,000 in exchange for a 20% share in their business. This equates to a $625,000 value.
As of the day of their presentation, five trains were in service, with a projected $900,000 in sales.
The train fare is $3 and can be paid in cash or with a credit card.
Each train costs around $37,500 to construct.
Daymond inquires about prior year’s sales figures, and Stan says that when Fun Time Express originally debuted in 2011, they sold 31,000 tickets, generating around $106,000 in gross revenue – money earned but not recovered by the firm.
In 2011, net earnings were roughly $27,000, but more than doubled to over $216,000 in gross sales and close to $80,000 in net profits in 2012.
From November through December, the price of two tickets is increased to $5 and three tickets to $10.
Mark asserts, but the firm is not truly scalable, and increasing it would be challenging, so he exits.
Daymond John took his children on the train, who were playing with their iPhones. He has departed.
Kevin O’Leary asserts that it is one of those things that entices him, although it is a little firm with low profits.
He is anxious about the economy, despite the fact that he has a reliable source of income. Mr. Wonderful is unable to fit in there due of its little size.
Robert Herjavec argues that the offer is insufficient and that he is resigning.
Lori approves of the concept and offers to provide half of the $125,000; but, she requires another Shark to participate.
Mr. Wonderful decides to partner with Lori, and the two pay $125,000 for a 20% stake in the business – precisely what Stan and Kevin were searching for.
What Happened to Fun Time Express After the Shark Tank Pitch?
They’ve expanded from 5 to 8 sites since appearing on Shark Tank, with ambitions to expand further. They sold the firm in 2018 and re-entered the real estate market.
What is the Net Worth of Fun Time Express?
Stan and Kevin appear on Shark Tank season 5 episode 24 seeking $125,000 in exchange for a 20% share in their business. This equates to a $625,000 valuation.
Who are the Competitors of Fun Time Express?
There are no known competitors for Fun Time Express.
What Happened to 180 Cup After Shark Tank?
What Happened to Floating Mug After Shark Tank?
Fun Time Express FAQS
What year was Fun Time Express started?
The business was founded in 2011.
Who were the owners of Fun Time Express?
The owners of the company are Stan Krozel and Kevin Ullery.
Where was the head office located?
The company is based in Chicago, Illinois. The founders however, live in Los Angeles, California.
Who was the CEO of Fun Time Express?
Stan Krozel was the CEO, President, and co-founder of Fun Time Express.
When was Fun Time Express aired on Shark Tank?
Fun Time Express was aired on April 11, 2014.
How much was Stan Krozel and Kevin Ullery seeking in the Shark Tank?
Stan and Kevin were seeking $125,000 in exchange for a 20% share in the company.
Did Fun Time Express get a deal on the Shark Tank?
Mr. Wonderful decides to partner with Lori, and the two pay $125,000 for a 20% stake in the business – precisely what Stan and Kevin were searching for.
What happened to Fun Time Express after the Shark Tank?
The company has expanded from 5 to 8 sites since appearing on Shark Tank, with ambitions to expand further. They closed the firm in 2018 and re-entered the real estate market.
Was Fun Time Express a private or a public Company?
Fun Time Express was private company.
Is Fun Time Express still in business?
They closed the firm in 2018 and returned to real estate.
How many employees does Fun Time Express have?
This Company has been discontinued.
What is the revenue of Fun Time Express?
The business was shut down in 2018.
How many customers does Fun Time Express have?
What was Fun Time Express?
Fun Time Express a trackless train that can be rented for special events and utilized in large venues such as shopping malls and baseball stadiums.
Did Shark Tank help Fun Time Express?
Yes, they expanded from 5 to 8 sites since appearing on Shark Tank.
