Thrill Builders Net Worth 2024 Update & Their Shark Tank Pitch!

Shark Tank Thrill Builders, a custom adventure games company founded by Guy Kitchell, telecasted Shark Tank USA in 2023 on Season 15. The founder was seeking $250,000 for 20% equity for their business. However, they secured a deal with Kevin O’Leary, Lori Greiner, and Jason Blum, which is $300,000 for 30% equity. In this article, we will explore Thrill Builders’s net worth in 2024, its Shark Tank pitch summary, and more.

Thrill Builders Net Worth

As of July 2024, Thrill Builders’ net worth is $1.25 million, and its annual revenue was $4.2 million in 2023. 

Thrill Builders Net Worth Timeline

Shark Tank Thrill Builders Update from Season 15 

In the Shark Tank, Guy Kitchell, the founder of Thrill Builders, introduced himself as a serial thriller from Madison, Wisconsin. There, he requested $250,000 for a 20% equity, valuing the company at $1.25 million. Guy, a Halloween enthusiast, wanted to celebrate the holiday year-round and to achieve this, he built Thrill Factory, a 50,000-square-foot facility for adults and kids. 

The facility will feature 12 activities, including Wizard’s Adventure, where kids use magic wands to solve puzzles and explore an enchanted forest. There will also be interactive bowling games, haunted houses with animatronic monsters, and more.

Guy was confident that these attractions will be popular and profitable. Also, He emphasized their expertise in creating thrilling experiences. Guest shark Jason Blum, CEO of Blumhouse Productions, talked about his company’s experience running haunted houses. Despite their popularity, he mentioned that these events were challenging to profit from.

At the moment, Guy Kitchell agreed with Jason and shared his experience with his own haunted house, Wisconsin Scary Land. He noted that most of their budget went to paying 68 actors for an 11-night run, making it hard to make money. To address this issue, Guy switched to a facility model, which he believed was more financially successful.

Guy Kitchell shared that building Thrill Factory in a mall will cost about $7.2 million. He has raised $1.7 million in cash and secured a $5 million loan to cover the remaining expenses. Further, Guy said he had to sell 17% of his company to secure a $1.7 million investment. However, he expected Thrill Factory to generate $5.5 million in revenue in its first year and $10 million in the second year. 

Moreover, the company projected $4.2 million in sales this year, up from $3.2 million last year. He planned to offer birthday parties and various games and attractions to achieve this. Further, he shared that the company has generated $12.2 million in total sales over the past six years. And last year, the business made a profit of $975,000. 

Lori Greiner wanted to invest in the entire Thrill Builders business, not just the facility. She offered $250,000 for 25% equity.

At the moment, Kevin O’Leary and Jason Blum were also interested in offering a deal. There, Jason suggested that Kevin and Lori join him. According to Jason’s request, Kevin and Lori joined with Jason and provided $250,000 for a 30% ownership stake in Thrill Builders.

However, Mark Cuban expressed doubts about Guy’s financial projections and decided not to invest in the company. Barbara questioned why he needed a shark, and she chose not to invest in the company. She further said she lacked expertise in the industry. 

Despite this, Lori reiterated the deal with her, Kevin, and Jason, which was $250,000 for 30% equity. But Guy countered with $300,000 for 30% equity, valuing the company at $1 million, and finally, the three Sharks agreed with him.

Summary of the Sharks’ Deal List!

What Happened to Thrill Builders after Shark Tank?

As of July 2024, the Thrill Builders is still in business. After appearing on Shark Tank, Thrill Builders saw a significant boost in business. The show’s exposure helped grow their customer base and revenue. Moreover, they expanded their services to include team-building events, corporate outings, and children’s birthday parties.

You can contact Guy’s team to explore options and pricing by visiting their website or company location. They also offer 15 ready-made themes and can also create custom themes. Also, it has designed puzzles for nearly 8,000 clients worldwide.

Guy Kitchell’s company leads the industry and shows no signs of slowing down. However, the deal with the three Sharks was expected to close within three months. But we couldn’t find the deal over or not with the three Sharks. 

Thrill Builders Founder

Guy Kitchell is the founder of Thrill Builders, which started in 2011. Guy studied business and has many years of experience as an innovative entrepreneur. He has owned several companies, and his first company, Klima Deodorant, was started in 1991. It was designed to solve the problem of sweating.

Also, he is passionate about craftsmanship and creating enjoyable experiences. This passion led him to start making a unique Halloween decorations and effects company called Halloween FX in 2007. In 2015, he assembled a team of artists, carpenters, CAD experts, and game designers to launch a line of escape rooms called Escape in Time. 

Thrill Builders Achievements and Awards

Conclusion

Shark Tank is a TV show showcasing different business ideas, helping them succeed. Thrill Builders was one of the ventures featured on the show. They made a deal with Kevin O’Leary, Lori Greiner, and Jason Blum, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.

Before you leave, check out the other company updates in Season 15, Episode 05.

• I Love Chamoy Net Worth 2024 Update & Their Shark Tank Pitch!
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