Entrepreneur Guy Kitchell showcased his thrill-seeking entertainment business, Thrill Builders, on Shark Tank Season 15.
Thrill Builders specializes in creating escape rooms, haunted attractions, laser tag arenas, and mini golf courses. In addition, they provide custom theming services for businesses designing themed spaces and sell unique escape room props.
Guy’s vision includes expanding the company into a massive theme park facility.
Did Thrill Builders get a deal on Shark Tank?
Find out all the details in our Thrill Builders Shark Tank update and pitch recap…
If you’re short on time, here’s a quick overview of what happened to Thrill Builders after Shark Tank:
Quick Summary
Guy Kitchell pitched his business on Shark Tank Season 15 and secured a deal with Lori Greiner, Kevin O’Leary, and guest shark Jason Blum, agreeing to $300,000 in exchange for 30% equity. As for the latest Thrill Builders Shark Tank Update, the company is still in business and benefited from significant free marketing following its appearance on the show.
While there hasn’t been any news yet about progress on the 50,000-square-foot facility, it’s likely that with support from three Sharks, Guy will bring the project to completion!
Table of Contents
Thrill Builders On Shark Tank
| Shark | Result |
| Kevin O’Leary, Lori Greiner, and Jason Blum | Accepted deal of $300,000 for 30% equity |
| Mark Cuban | No Offer |
| Barbara Corcoran | No Offer |
Thrill Builders Shark Tank Deal
- Business: Thrill-Seeking Entertainment Company
- Entrepreneur: Guy Kitchell
- Asked For: $250,000 for 20% equity
- Shark Tank Deal: $300,000 for 30% equity
- Sharks: Lori Greiner, Kevin O’Leary, and Jason Blum
What Is Thrill Builders?
Thrill Builders is a unique entertainment company specializing in creating custom attractions, including escape rooms, haunted houses, laser tag, mini golf, and more.
Beyond these experiences, they offer theming services to businesses looking to transform their spaces into immersive environments.
Guy Kitchell, the founder, aims to take his expertise further by developing a massive indoor entertainment center called Thrill Factory. This 50,000-square-foot facility promises an array of attractions such as interactive games, a magical Wizard’s Adventure, and even animatronic monster battles in haunted houses.
With a robust client list that includes heavyweights like Walt Disney, Six Flags, and Dave & Buster’s, Thrill Builders has established itself as a major player in the entertainment industry.
Thrill Builders Shark Tank Pitch Recap
Guy Kitchell, the founder of Thrill Builders, took the Shark Tank stage in Season 15 with an electrifying and immersive pitch. Presenting himself as a “serial thriller” from Madison, Wisconsin, Guy set the tone with a spooky-themed setup that captured the essence of his business.
Let’s dive into the details of Thrill Builders Shark Tank Pitch, focusing on his plans, financials, and the intense negotiations with the Sharks.
The Concept: A Spooky Empire in the Making
Thrill Builders specializes in crafting thrilling entertainment experiences, from escape rooms and haunted attractions to laser tag, mini-golf, special effects, and animated props.
Guy explained that his love for Halloween inspired him to create year-round experiences instead of limiting the fun to one day.
The company’s next big leap is the Thrill Factory, a 50,000-square-foot indoor entertainment center designed for both adults and kids.
Planned to house 12 unique attractions, the facility’s highlights include:
- Wizard’s Adventure: A magical game where kids solve puzzles using enchanted wands.
- Interactive Bowling Games: Offering a fresh take on traditional bowling.
- Haunted Attractions: Featuring animatronic monsters that guests can “blast” with special effects.
This ambitious facility promises a mix of entertainment for all ages, positioning Thrill Builders as a leader in immersive themed experiences.
Thrill Builders Financial Insights
Guy shared the financial breakdown of his new venture and existing business:
- Facility Costs: Building the Thrill Factory requires a total investment of $7.2 million. Guy has already secured:
- $1.7 million in cash from investors (at the cost of 17% equity in his business).
- A $5 million loan to cover the remainder.
- Revenue Projections:
- $5.5 million expected in the first year.
- Doubling to $10 million in the second year.
- Income streams will come from pay-per-activity models like birthday parties and themed games rather than an entry ticket fee.
- Past Performance: Thrill Builders’ existing operations generated:
- $4.2 million in sales this year.
- $3.2 million last year.
- A total of $12.2 million in sales over the past six years.
- Profitability: $975,000 net income from last year.
These numbers showcased a strong foundation, but the Sharks still had pressing concerns about the scalability and profitability of the business.
Guest Shark Jason Blum Weighs In
Guest Shark Jason Blum, CEO of Blumhouse Productions, brought industry expertise to the table. He commended Guy’s creativity but raised concerns about the financial viability of haunted attractions, citing his own experience with running a live haunted house event.
Jason noted these ventures often struggle to generate consistent profits due to high operational costs.
Guy responded candidly, sharing his own experience with Wisconsin Scary Land, a haunted house that ran for 11 nights.
With 68 actors, labor consumed most of the budget, leaving slim margins. He explained that this challenge led him to pursue the facility model, which promises a steadier revenue stream.
Sharks’ Reactions On Thrill Builders Shark Tank Pitch
The Sharks had mixed reactions to Guy’s ambitious plans:
- Barbara Corcoran admitted her unfamiliarity with the industry and bowed out early, saying, “I just don’t know enough about this space.”
- Mark Cuban raised skepticism about the financial model, stating, “Your numbers don’t add up,” particularly questioning the high initial investment and revenue projections.
- Kevin O’Leary, Lori Greiner, and Jason Blum expressed interest but were cautious about the significant upfront capital required.
Sharks’ Offers For Thrill Builders Shark Tank Pitch
As the discussion progressed, Lori, Kevin, and Jason recognized the potential in Thrill Builders’ established business and its new facility.
The following offers were made:
- Lori Greiner: She wanted to be part of the entire business, not just the new facility, and offered $250,000 for 25% equity.
- Kevin O’Leary: Kevin, intrigued by the pay-per-activity revenue model, joined forces with Jason Blum.
- Jason Blum: Leveraging his industry expertise, Jason suggested collaborating with Kevin and Lori for a joint deal.
After deliberation, Lori, Kevin, and Jason proposed a combined offer: $250,000 for 30% equity in the entire business.
Thrill Builders Shark Tank Deal
Guy, confident in his company’s valuation, countered the Sharks’ offer, proposing $300,000 for 30% equity. After brief discussions, Lori, Kevin, and Jason agreed to Guy’s terms, sealing the deal.
Guy walked out of the Tank with three powerhouse partners, who brought both funding and industry expertise to the table.
This collaboration positions Thrill Builders for accelerated growth and increased credibility in the entertainment space.
Key Takeaways From Shark Tank Thrill Builders Pitch
Guy’s presentation demonstrated a blend of creativity, financial acumen, and resilience. While some Sharks hesitated, others saw the potential for high returns with the right strategy.
The final deal reflects not only a monetary partnership but also the value of expert guidance from seasoned industry leaders.
With this boost from Shark Tank, Thrill Builders is poised to scale its operations and bring the Thrill Factory to life, promising unforgettable experiences for thrill-seekers everywhere.
Keep reading our Thrill Builders update to find out what happens following Shark Tank!
Thrill Builders Shark Tank Update
So, what happened to Thrill Builders after Shark Tank?
According to the latest Thrill Builders Shark Tank update: The company has continued to thrive since appearing on Shark Tank.
Although specific updates about the progress of the Thrill Factory facility are sparse, the company remains operational and appears to be expanding its client base.
The Thrill Builders website highlights partnerships with major brands like Knott’s Scary Farm and Six Flags, showcasing the company’s credibility in the industry. It’s clear that Guy’s appearance on Shark Tank has elevated the brand’s visibility and attracted new clients.
With three Sharks backing the project, it’s likely that the Thrill Factory facility is on its way to becoming a reality.
Once completed, it has the potential to revolutionize the indoor entertainment space by offering an unparalleled mix of attractions for both kids and adults.
Shark Tank Thrill Builders Net Worth
During the Shark Tank pitch, Guy Kitchell valued Thrill Builders at approximately $1.47 million based on his initial funding round, where he raised $1.7 million in exchange for 17% equity.
This valuation was further reinforced during negotiations when he secured a deal with Lori Greiner, Kevin O’Leary, and Jason Blum for $300,000 in exchange for 30% equity, effectively maintaining the same valuation.
This estimated valuation reflects the company’s strong performance, having generated $4.2 million in sales in the current year and a net profit of $975,000 in the previous year.
With the additional backing from the Sharks and the potential revenue from the upcoming Thrill Factory project, Thrill Builders’ net worth is expected to grow significantly as it expands into the facility-based entertainment industry.
Did Thrill Builders Get A Deal On Shark Tank?
Yes, Thrill Builders secured a deal on Shark Tank.
Founder Guy Kitchell impressed Sharks Lori Greiner, Kevin O’Leary, and guest Shark Jason Blum with his established business and ambitious plans for the Thrill Factory.
After some negotiation, the trio agreed to invest $300,000 for 30% equity in the entire business. This partnership promises to bring both financial backing and strategic guidance from industry veterans.
The deal came after Guy successfully addressed concerns about the costs and revenue potential of his entertainment center.
With over $12 million in total sales from his existing business and a clear vision for future growth, Guy left the Tank with three powerhouse Sharks on his side.
Thrill Builders Reviews
Thrill Builders has garnered positive reviews for its innovative approach to entertainment, especially with its immersive attractions like escape rooms and haunted houses.
Customers praise the company for its creativity and attention to detail, creating experiences that are both thrilling and memorable. The emphasis on interactive, year-round entertainment through projects like the Thrill Factory is seen as a unique offering in the industry, attracting families and groups looking for fun, themed activities.
However, some reviews highlight concerns about the scalability and financial sustainability of such large-scale projects. While the company’s past successes with smaller attractions like Wisconsin Scary Land have earned it a strong reputation, the high costs associated with building the Thrill Factory have raised questions about profitability.
Still, the company’s ability to generate millions in sales suggests a promising future if it can execute its ambitious plans effectively.
Lessons From Thrill Builders’ Journey
Thrill Builders’ story is a testament to the importance of innovation and adaptability in business. Guy’s decision to pivot from standalone haunted houses to a facility-based model demonstrates his ability to identify and address financial inefficiencies.
Entrepreneurs can learn several valuable lessons from Thrill Builders:
- Diversify Revenue Streams: By offering multiple attractions and services, Thrill Builders ensures steady income from various sources.
- Adapt to Industry Challenges: Recognizing the financial challenges of haunted houses, Guy shifted focus to a more sustainable business model.
- Leverage Strategic Partnerships: Collaborating with industry leaders like Jason Blum and the other Sharks has provided valuable resources and expertise.
FAQs About Thrill Builders Shark Tank Update Today
Who Is The Owner Of Thrill Builders?
The owner of Thrill Builders is Guy Kitchell, a seasoned entrepreneur from Madison, Wisconsin. With a passion for thrill-seeking entertainment, Guy has built the company into a leader in creating escape rooms, haunted attractions, and other immersive experiences for top industry clients.
Did Thrill Builders Get A Deal On Shark Tank?
Yes, Thrill Builders secured a deal on Shark Tank. Guy Kitchell received an offer of $300,000 for 30% equity from Lori Greiner, Kevin O’Leary, and guest Shark Jason Blum.
The deal was finalized after some negotiation and discussions about the company’s growth potential.
Is Thrill Builders Still In Business?
Yes, Thrill Builders is still in business. The company continues to offer themed attractions and services, with notable clients like Disney and Six Flags.
While updates on the 50,000-square-foot Thrill Factory are limited, the company’s ongoing success and Shark Tank partnership suggest a promising future.
What Services Does Thrill Builders Offer?
Thrill Builders offers a range of immersive entertainment services, including escape rooms, haunted attractions, laser tag, and mini golf. They also provide theming services for companies building out themed spaces and sell escape room props.
Additionally, they are expanding into a large indoor entertainment facility called Thrill Factory with various interactive attractions.
What Happened To Thrill Builders After Shark Tank?
After appearing on Shark Tank, Thrill Builders continued to thrive with the backing of Lori Greiner, Kevin O’Leary, and Jason Blum. While the progress on the Thrill Factory facility remains under wraps, the company has expanded its client base with big names like Walt Disney and Six Flags, signaling strong ongoing growth.
Conclusion: Thrill Builders After Shark Tank
According to the latest Thrill Builders Shark Tank Update: Thrill Builders’ journey from Shark Tank to its current success story showcases the power of creativity, strategic planning, and perseverance.
With an ambitious founder and the support of three Sharks, the company is poised to revolutionize the entertainment industry.
Whether you’re a fan of Shark Tank or simply love thrilling experiences, Thrill Builders is a brand to watch.
Stay tuned for more Thrill Builders updates as the company continues to expand and bring innovative attractions to life!
In the meantime, you can check out more Company Updates on Shark Tank Season 15 Episode 5 by clicking on the links below:
- I Love Chamoy After Shark Tank Update
- Maniac Pumpkin Carvers After Shark Tank Update
- American Ghost Walks After Shark Tank Update
Before you go, make sure to visit our Season 15 Company Updates Page, All Company Updates Page and Shark Tank All Products Page for more information on various companies and products featured in the Show.
At the same time, you can FOLLOW our blog to get the latest updates on businesses featured in Shark Tank Show. And, if you have any questions, you can send us message at your convenience.
Lastly, you can check out more Company Updates for the businesses featured in Shark Tank Season 14 by visiting our Season 14 Company Updates Page.
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