$2 Million of Fun: Big Margins in Play Centers

It was operated remotely and I was doing really well and it was like I could see myself being in the Swiss Alps every summer, you know, so yeah, so, so, so those are the things that kind of just get, at least encouraged me that it's possible that this can, this can surface and I could potentially find something. Great, great. Okay.

And, but you find Candyland and you find it on Biz by Sell and what do you find? Tell us about the business and what you saw there. Yeah, so Candyland, as I mentioned, founded on Biz by cell.

And as I reached out and connected the broker and I started getting, doing the kind of like the pre due diligence, I also discovered it was incredibly clean. The, the tax returns matched one for one to the PNLs. Eventually as I, you know, once I had my LOI, I was accepted.

I and I brought in, it brought on a QV provider. Same thing like proof of cash. Came out clean. Everything was very, very, you know, very kosher.

So gave me a lot of confidence. They had done a really, you know, it was, it was only a three year old business as well. So you know. Yeah, typically, you know, you, you people, I know most are looking for something at least five years old.

That's kind of the standard. But they had hit 900k SD in 2024 and they hit it in 2023 as well. So it was like, it was clearly like they had, it was gonna, it was consistent, it was stable and, and they had, you know, and it was, you know, everything was pretty new in the location, like the equipment, everything.

It wasn't like super run down or anything. And, and I really like the owner and the founder, a guy named Peter. He, he founded Canyon land in 2019 right before the pandemic.

And then he, he survived, you know, because one of the things that, you know, I think this space is probably its biggest Achilles heel is, is a black swan event like a pandemic. Sure. That's what really, really could kill a business like this.

I've gotten comfortable with that possibility between just the scene, kind of how the government reacted to support businesses from going out of business, from, you know, seeing how the banks reacted, putting moratoriums on loans. And so I think you can survive and especially if you have sufficient working capital in place.

I kind of got comfortable with it and I also got comfortable with the idea that we hadn't seen a pandemic in about a century. And so if one were come up again in the near future, we at least now know we should have a much better response this time around. Yeah, maybe things won't be shut down as long as they were before, but, but that's always going to be a looming risk for.

No, no question. And Daniel, when you say he survived though, we, we have to assume he survived with a lot of help from tpp, landlord relief, etc, because I assume not a soul, not a child went through his businesses for six months. Right. So zero revenue we assume dropped to absolute zero there for a while. Right. Oh, I'm sure he had to have done that.