Thrill Builders Shark Tank Episode 5 Update & Net Worth

Thrill Builders Shark Tank Episode 5 Update & Net Worth

Thrill Builders, a thrill-seeking entertainment company founded by Guy Kitchell, made an impressive appearance on Shark Tank during Season 15, Episode 5, which aired on October 28, 2023. The company offers a variety of entertainment services, including escape rooms, haunted attractions, laser tag, and mini golf.

In addition to these attractions, Thrill Builders also provides theming services for companies and sells escape room props.

During his pitch, Kitchell sought $250,000 for 20% equity but ultimately secured a deal with three Sharks: Lori Greiner, Kevin O’Leary, and guest Shark Jason Blum. They collectively offered $300,000 for 30% equity in the company. Kitchell’s vision for expanding Thrill Builders into a 50,000-square-foot indoor theme park facility called Thrill Factory intrigued the Sharks, leading to the partnership.

As of April 2024, Thrill Builders is still in business and has seen a significant boost in marketing and sales since appearing on Shark Tank. The company’s net worth is currently estimated at $5 million, reflecting its successful operations and future growth potential.

What is Thrill Builders? How Does it Work?

Thrill Builders is an entertainment company that specializes in creating and operating a range of thrill-seeking attractions. Founded by Guy Kitchell in Madison, Wisconsin, the company offers experiences such as escape rooms, haunted attractions, laser tag, and mini golf. Additionally, Thrill Builders provides theming services for companies looking to create immersive environments, and they also sell escape room props for those who want to build their own attractions.

The company’s latest venture, the Thrill Factory, is a planned 50,000-square-foot indoor entertainment center that will feature 12 different activities, including interactive bowling games, a Wizard’s Adventure for children, and haunted houses with animatronic monsters. This facility aims to provide year-round entertainment for both adults and children, with each attraction available for purchase separately.

The concept behind Thrill Builders is to offer a wide range of high-quality, immersive experiences that cater to thrill-seekers of all ages. By combining physical attractions with expertly crafted themes, Thrill Builders sets itself apart from traditional entertainment venues.

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Thrill Builders Shark Tank Episode 5 Season 15: What Happened at Shark Tank Pitch?

During their appearance on Shark Tank in Season 15, Episode 5, Guy Kitchell pitched his thrill-seeking entertainment company, Thrill Builders, to the Sharks. He initially asked for $250,000 for 20% equity to help fund the expansion of his company, particularly the development of the Thrill Factory, a 50,000-square-foot indoor theme park facility.

Kitchell described himself as a “serial thriller” and emphasized the company’s success in creating some of the top attractions for major names in the industry.

He shared that Thrill Builders had already raised $1.7 million in cash and secured a $5 million loan to cover the estimated $7.2 million buildout cost for the Thrill Factory. Despite the high costs, Kitchell projected $5.5 million in revenue within the first year of the facility’s operation, with expectations to reach $10 million in the second year.

The Sharks were intrigued but cautious. Lori Greiner expressed interest in the entire business, not just the new facility, and offered $250,000 for 25% equity. Kevin O’Leary and guest Shark Jason Blum also saw potential in the business and proposed partnering with Lori for $250,000 for 30% equity. After some negotiation, Kitchell countered with $300,000 for 30% equity, which the Sharks accepted.

Thrill Builders Shark Tank Pitch Summary

What Happened to Thrill Builders After Shark Tank?

After securing a deal with Lori Greiner, Kevin O’Leary, and Jason Blum on Shark Tank, Thrill Builders saw an increase in both public interest and sales. The exposure from the show provided a significant boost to the company’s marketing efforts, leading to more bookings and partnerships.

Although the construction of the Thrill Factory facility is still in progress, Kitchell remains optimistic that with the support of his three Shark partners, the project will be completed successfully. In the meantime, Thrill Builders continues to operate its existing attractions and theming services, maintaining steady growth and profitability.

The company is also exploring new opportunities to expand its offerings and reach a wider audience, leveraging the expertise and networks of its investors to drive further success.

How Much Is Thrill Builders Worth?

As of 2024, Thrill Builders is estimated to be worth $5 million. This valuation takes into account the company’s strong sales history, the anticipated revenue from the upcoming Thrill Factory, and the strategic partnerships formed with Lori Greiner, Kevin O’Leary, and Jason Blum.

The company’s ability to innovate and deliver unique, high-quality entertainment experie

nces has positioned it as a leader in the thrill-seeking entertainment industry.

Is Thrill Builders Still in Business?

Yes, Thrill Builders is still in business as of 2024. The company continues to grow its portfolio of attractions and services, with a focus on completing the Thrill Factory indoor theme park facility. With the backing of three prominent Sharks, Thrill Builders is poised for continued success in the competitive entertainment market.

Which Episode & Season Number Was Thrill Builders on Shark Tank?

Thrill Builders was featured on Shark Tank during Season 15, Episode 5, which aired on October 28, 2023. In this episode, founder Guy Kitchell successfully secured a deal with Lori Greiner, Kevin O’Leary, and guest Shark Jason Blum for $300,000 for 30% equity in his company.

Frequently Asked Questions

Who is the founder of Thrill Builders?
Thrill Builders was founded by Guy Kitchell, an entrepreneur from Madison, Wisconsin, with a passion for creating immersive entertainment experiences.

What is Thrill Builders?
Thrill Builders is an entertainment company that offers a variety of thrill-seeking attractions, including escape rooms, haunted attractions, laser tag, and mini golf. The company also provides theming services and sells escape room props.

Did Thrill Builders get a deal on Shark Tank?
Yes, Thrill Builders secured a deal with Lori Greiner, Kevin O’Leary, and Jason Blum for $300,000 for 30% equity.

How much is Thrill Builders worth?
As of 2024, Thrill Builders is estimated to be worth $5 million.

Is Thrill Builders still in business?
Yes, Thrill Builders is still in business and continues to grow.

Which episode of Shark Tank featured Thrill Builders?
Thrill Builders was featured in Shark Tank Season 15, Episode 5.