$2 Million of Fun: Big Margins in Play Centers | Daniel Batista Interview

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.

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Chapters:
00:00 Daniel's background
08:54 Search criteria and focus on family entertainment
19:08 Discovery and overview of Candyland indoor playground
33:00 Deep dive into revenue streams and impressive margins
47:41 Staffing structure and operational details
58:10 Deal structure and financing breakdown
01:02:01 Growth strategy and expansion plans
01:09:51 Compensation structure and investor expectations
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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.

Credits:
Edited by Anton Rohozov
Produced by Pam Cameron

#business #acquisitions #buyingbusiness

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