The Rise of Tech-Based Attractions
Technology has revolutionized the entertainment industry, and nowhere is this more apparent than in entertainment parks and attractions like those at Launch Entertainment.
In recent years, there has been a significant rise in the number of tech-based attractions at entertainment parks, and this trend shows no signs of slowing down. From virtual reality experiences to augmented reality games, technology has become an essential part of the entertainment park experience and a major contributor to the Launch’s unique, lucrative business model.
Immersive Experiences Drive Traffic and Renewed Growth
One of the benefits of tech-based attractions is that they can be easily updated and modified. With traditional games and attractions, it can be difficult and expensive to make changes or updates. However, with tech-based attractions, updates can be made remotely, and new experiences can be created quickly and efficiently. This allows entertainment parks to keep their offerings fresh and exciting for returning guests, while being efficient for operators to keep their parks on the cutting edge.
Plus, tech-based attractions offer an opportunity for parks to collect data on their guests. By tracking guest behavior and preferences, parks can tailor their offerings to meet the needs and desires of their guests. This data can also be used to improve the guest experience and increase guest satisfaction.
How Launch Stands out in Themed Entertainment
One of today’s most popular tech-based attractions is virtual reality, and with the advent of affordable VR headsets, entertainment centers have been able to offer immersive, interactive experiences that transport guests to new worlds.
At Launch Entertainment, we’re constantly innovating to meet consumer demand. With the addition of Launch’s Omniverse VR Arena to new and existing parks, guests are transported into a lifelike world on omnidirectional treadmills that allow them to walk, run, and rotate in 360 degrees as they explore.
It’s innovations like this that accentuate Launch Entertainment’s differentiators above and beyond any competitor comparison. Aside from our giant trampolines and VR immersions, each Launch is a year-round family entertainment center featuring ninja style obstacle courses, climbing walls, laser tag, battle pit, bowling, and more.
Launch’s diverse range of attractions creates a win-win scenario for our guests and franchisees. Our attractions are an ideal place for kids and adults alike to participate in active entertainment, driving repeat business for franchise owners. And, because Launch manufactures all of its own trampoline equipment and attractions, franchisees won’t be breaking the bank on equipment costs.
Guests are always searching for the newest, best experiences — as the world of new technologies evolves, Launch takes no shortcuts in innovating new resources and attractions to differentiate our concept from the competition.
Ready to launch? To learn more about multi-unit opportunities and open territories, fill out our inquiry form, and our team will be in touch.
Capitalize on Semi Absentee Franchising: Diversify Without the Time Commitment
What do a real estate investor, self-made entrepreneur and multi-unit investment group all have in common? More than enough passion and not enough time. The solution for this is semi-absentee franchise ownership.
Semi-absentee franchising opens up the opportunity to build a successful future with diversified investments. Here’s how to succeed as a semi-absentee franchise owner:
How do you succeed as a semi-absentee franchise owner?
Semi-absentee franchising typically allows the owner to enlist a manager to run the day-to-day operations onsite. Typically, semi-absentee franchise owners spend 10-15 hours a week working on the business. This lower time commitment offers unique flexibility, meaning owners can continue working a full-time job or diversify with other business investments.
This type of ownership works best for someone who can delegate and release control of the daily operations to their chosen manager. Selecting and training a manager that you can trust is key to success.
Let Your Portfolio Soar with a Launch Entertainment Franchise
At Launch Entertainment, our semi-absentee model means that franchisees can also focus on other projects or business ventures and while their Launch Park essentially runs itself. As an operator, you hire a general manager, assistant manager and sales manager to run the day-to-day procedures and ensure the business runs effectively.
Our state-of-the-art technology allows owners to access park sales and data remotely as well as our camera system. We also have a centralized call center to handle all inquiries and party bookings while our in-house marketing team plans and executes all marketing activities.
Many of our most successful Launch Entertainment operators are seasoned business executives and own several other businesses in their market. Like Arvish and Pinkal Patel, who have an extensive entrepreneurial background with several childcare franchises and other retail and convenience store businesses. Their skillset pairs well with Launch Entertainment ownership.
“We’ve owned and operated several concepts in the childcare and retail space, and when we started looking for our next business venture, Launch Entertainment stood out given its impressive model and diverse attraction mix,” said Patel. “With the support from the Launch corporate team, we are thrilled to be bringing Launch Entertainment to the communities that we’ve been serving for many years, and being able to offer a new full-service family entertainment concept to Edison.”
Let your portfolio soar with semi-absentee franchising. To learn more about multi-unit opportunities and open territories, fill out our inquiry form, and our team will be in touch.
What You Need to Know About Family Entertainment Franchises
Some of the most strategic entrepreneurs seek business ownership through franchising. However, it’s most important that you find one that is both lucrative and rewarding for you financially and personally.
Family entertainment franchises offer exactly that – with a growing market and increased demand from parents and community members, a family entertainment franchise is a great addition to any portfolio.
Keep reading to learn more about investing in a family entertainment franchise.
What is a family entertainment franchise?
A family entertainment franchise is a full-service indoor entertainment that offers a wide variety of activities, such as laser tag, rock climbing, trampolines, arcades, etc. The range of activities caters to a large customer demographic, attracting parents, teens and children from across the community.
Why invest in a family entertainment franchise?
There are several benefits of investing in a family entertainment franchise. One of the biggest reasons to invest is the growing family entertainment market. The market was most recently valued at $41 billion in 2022 and is projected to reach $140 billion by 2032, according to Persistence Market Research.
The investment is also good for the community and the families within it. Not only do family entertainment franchises bring in profit, but they also provide a safe, clean and fun atmosphere for families of all ages to enjoy time together. Parents are always looking for ways to get kids away from screens, and indoor family entertainment spaces promote movement and socialization through engaging activities.
How lucrative is this franchise?
Investing in your community is a great goal, but you ultimately want your business to be successful and profitable. So, you may be wondering, how much money can I make as a family entertainment franchise owner?
Although we have an industry benchmark, the exact answer boils down to the brand’s most recent franchise disclosure document (FDD). The FDD’s Item 19 thoroughly breaks down the average profits generated from all their locations. While this doesn’t guarantee you the exact results, it demonstrates the robust model and proven blueprint that lays the foundation for your business.
How stable is a family entertainment franchise?
Given the wide customer age range, an indoor family entertainment park offers many revenue opportunities with activities available year-round. Birthday parties, summer camps, events, corporate outings, and other casual celebratory gatherings are some of the top revenue drivers, leaving ample opportunity to market your business to the community.
Start a Family Entertainment Center
Join the leader in family entertainment with Launch Entertainment. Our brand’s park customization allows franchisees to stand out in their communities with popular attractions, creating multi-revenue streams and standing out from the competition. To learn more about multi-unit opportunities and open territories, fill out our inquiry form and our team will be in touch.
REOCCURRING Revenue: How Our Family Entertainment Franchise Promotes Strong Returns
Investors continuously seek opportunities with diverse revenue streams that will provide multiple sources of income. That’s where family entertainment comes in – our innovative model offers multiple sources of income, 365 days a year.
Our Launch Entertainment franchise owners benefit from a strong system-wide average unit volume (AUV) of $2,035,472,* a testament to the strength of our proven model.
Let’s dive into Launch Entertainment’s multiple revenue streams:
- A Diversified Attraction Mix
With trampolines, dodgeball, laser tag, virtual reality, a ropes course, and more, we have every indoor activity under one roof. With customized industry-leading attractions and value pricing, we are here to deliver a premium experience. Our diversified attraction mix offers fun for all ages, bringing in birthday parties, private group events, and other ongoing programs to drive customer traffic and repeat visits to enhance our franchisees’ bottom line.
2. Extended Experience with Premium Bar and Restaurant
To further drive customer spend, our Krave in-house restaurant and premium bar add to the Launch experience while increasing add-ons to propel profit. Available in our latest park model, customers can create their own pizza, salad, and ice cream, or choose from our menu of signature items.
3. Sizeable Customer Demographic
Fueling revenue is our extensive customer demographic – unlike other trampoline franchise concepts, our entertainment empire boasts something for everyone from toddlers to adults. Our sales team builds custom events for corporate teams, youth clubs, sports leagues, college fraternities or sororities, school fundraisers… the list goes on. Our franchisees benefit from a wide customer demographic to fuel year-round revenue.
Tap into the $40 billion family entertainment industry. Learn more about franchising opportunities with Launch Entertainment.
*Disclaimer: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. An offer is made only by a Franchise Disclosure Document (FDD). Launch Trampoline Park franchises will not be sold to any resident of any state until the offering has been exempted from the requirements of, or duly registered in and declared effective by, such state and the required FDD (if any) has been delivered to the prospective franchisee before the sale in compliance with applicable law. Currently, certain states and countries regulate the offer and sale of franchises. In the U.S., states that regulate the offer and sale of franchises include California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you reside in one of these states, or even if you reside elsewhere, you may have certain rights under applicable franchise laws or regulations.
Trampoline Park Franchise: Fad or Future
Some of the best franchises to own in the business world today are in the trampoline park/children’s fitness and entertainment industry. With industry growth on the rise from 3 parks in 2009 to well over 1,000 parks worldwide by the end of 2017, the question has to asked, “Is it a fad or the future”?
We all witnessed the phenomenal expansion of the frozen yogurt industry around 2010. The first ones onto the market usually supported healthy lines, both in customers and at the bottom of the P&L. Problem was it seemed to be all smoke & mirrors. For the consumer, the product wasn’t as healthy as expected and even though it was charged by the ounce it turned out to be very expensive. For the operators the profit margins began to shrink as the local pie was sliced thinner and thinner with each new color and berry that entered the market. In the end the Froyo businesses shuttered up faster than they opened and the old fashioned soft ice cream stands once again regained the market share they had enjoyed since the 50’s.
The Froyo industry spread like a fire out of control. Are we looking at another flameout in the trampoline park business?
To get an idea of what the future looks like, we need to take our crystal ball and look into the past at how the industry started, what’s fueling its growth and realize that nothing has really changed…kids want to have fun and parents want their kids to be happy.
Since 1934, when the first trampoline was engineered at the University of Iowa to assist gymnasts and springboard divers hone their skills, people have been jumping on trampolines. In 2000 the Olympics added Trampoline as a medal sport and today trampolines are a staple in backyards across America.
In the past kids were excited to travel long distances to visit amusement parks and carnivals to experience activities like bumper cars, games and rides. Downtown parks had huge slides. Those of us at a certain age fondly remember the arcades filled with whack-a- mole and pinball. Video games were the next innovation, remember PONG? Birthday parties were at home.
Evolution my friend. Trampolines, arcades, rides; all those things are still around. They have just evolved. Kids have not changed; they are still as excited as ever to go to the park. And today these parks are becoming in grained into each community.
Pardon the interruption, but if you want more information on becoming a Launch Trampoline Park franchisee please follow this link. Franchise information.
The industry is still in its infancy but we have already witnessed a huge evolution since 2008. In the beginning parks were typically made up of a registration desk and a few trampolines located somewhere in a poorly lit industrial park identified simply by a hand painted sign off some secondary road, entombed behind a series of rights and lefts and over a few speed bumps. Cheap real estate indeed, and what the heck, it’s the only park within a 90 minute drive.
Today that park is out of business and the kids are being entertained down town at the old K-Mart right on the main drag in a 30,000sf goliath of an entertainment center filled with trampolines, ninja courses, laser tag, climbing walls, battle beams, bowling lanes, tunnels, slides, aerial activities and stunt jump towers with full pizza and ice cream parlors and the air filled with stereoscopic undertones that are not quite musical but more like the buzz of a Las Vegas casino. Fun, action, excitement and reward.
The kids are having more fun than ever just down the street. The parents don’t have to go on a vacation to visit distant amusement parks. Great entertainment centers are no longer hidden in the darkness of the local industrial park. Today the parking lots are large, well-lit and moms are happy to drop off the middle schoolers for an evening of fun, fitness, excitement and confidence building.
The downtown outdoor park, amusement parks, arcades and birthday parties are now coming to a downtown location near you! Another phenomenon that has spurred the growth is the fact that retail has gone on line and landlords need to fill the void left in the “big box” retail market. Fitness, food and birthday parties will never go online. Yesterday’s Sports Authority, Sears, K-marts and BI-LO’s have been replaced with new trampoline parks and entertainment centers. This is an undeniable trend, but it is not trendy.
The industry is healthy, the opportunity is plentiful, and so what’s the outlook?
The large markets with ideal demographics are filling up fast and highly visible retail, real estate is increasingly more difficult to find, but fitness and entertainment are here to stay. Believe me, if you are thinking it looks like a great opportunity, 5 other people in your town are thinking the exact same thing. The brass ring does not come around that often and the carousel is full of competitors all reaching out to snag the best real estate in the market.
The old business idiom; location, location, location is no different in the trampoline park/family entertainment business than it is in any other consumer based model. But the key to staying relevant will be found in how the park owner keeps the operation dynamic and exciting for the kids. Owners will have to believe in evolution.
The revenues are strong, great markets are still available and quality franchisors are looking for qualified franchisees. I don’t see this industry as just another Froyo fad. Entertainment and fitness franchises will never fade away and those who capitalize on the opportunity now will be part of the growth toward 2000 parks worldwide.
They said Starbucks was just a fad when they had opened 1000 stores…I was part of that. I see it again.
Get more information on becoming a Launch Trampoline Park franchisee.