Fun Time Express Shark Tank Update | What Happened to Fun Time Express after the Shark Tank Pitch?

What is Fun Time Express? Who is Fun Time Express’s founder?

Fun Time Express is a trackless train company that offers charter services for special events and can be used in large venues such as shopping malls and ballparks.

The trains are designed to cater to any type of event or location, including parks, amusement parks, sports stadiums and private parties.

The company was founded by Stan Krozel and Kevin Ullery, who were successful real estate salespeople in Chicago.

They came up with the idea of starting Fun Time Express after reminiscing about the trackless trains they used to ride as children while their parents shopped.

They redesigned the train to cater to adults and outfitted it for different settings such as amusement parks, sports arenas, and private gatherings. It is a reproduction of an American 4-4-0 steam locomotive constructed in the United States.

What happen to Fun Time Express at the Shark Tank Pitch?

On Shark Tank season 5 episode 24, the founders of Fun Time Express, Stan Krozel and Kevin Ullery, made an appearance on the show in a miniature train complete with flashing lights, a distinctive deep-toned horn and a caboose.

They were from Chicago, Illinois and were seeking $125,000 for a 20% stake in their company, valuing it at $625,000. At the time of their pitch, they had 5 trains in operation and projected sales of $900,000. The cost of a train ride was $3.

The Sharks were presented with sales data for the previous year, where in 2011, Fun Time Express sold 31,000 tickets, totaling around $106,000 in gross revenue and $27,000 in net earnings.

However, in 2012, the numbers more than quadrupled to over $216,000 in gross sales and close to $80,000 in net profits.

Despite the impressive numbers, Mark said that the business wasn’t scalable and Daymond and Robert Herjavec also expressed their disinterest.

Kevin O’Leary was intrigued but felt that the returns were poor. Lori loved the proposal and agreed to invest half of the $125,000, but required the participation of another Shark.

Mr. Wonderful agreed to collaborate with Lori, and the two of them paid $125,000 for 20% ownership of the company, which was the exact amount that Stan and Kevin were seeking.

Fun Time Express after the Shark Tank Pitch

After their appearance on Shark Tank, Fun Time Express expanded from 5 to 8 locations and then dissolved the company in 2018, returning to the real estate industry.

Fun Time Express Shark Tank
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Fun Time Express Net Worth

During their appearance on Shark Tank season 5 episode 24, the founders of Fun Time Express, Stan and Kevin, sought $125,000 in exchange for a 20% stake in their company, valuing it at $625,000.

Fun Time Express Competitors

There is no competitor identified for Fun Time Express

Fun Time Express FAQS

What is Fun Time Express?

Fun Time Express, a Chicago-based company, is a trackless train that can be chartered for special occasions and used in big locations such as shopping malls and ballparks.

The train is designed to handle any type of event or venue, including parks, amusement parks, sports stadiums, and even private parties.

Who is the founder of Fun Time Express?

Stan Krozel and Kevin Ullery are the founders of Fun Time Express.

How much was they asking in the Shark Tank?

Fun Time Express was seeking $125,000 for 20% equity stake in their company. That would mean a $625,000 valuation.

Did they get the deal from the Shark Tank?

Yes. Kevin O’Leary and Lori Greiner invested in Fun Time Express.

How much was the deal?

Kevin O’Leary and Lori Greiner invested $125,000 for a 20% stake in Fun Time Express. The valuation was $625,000.

Where was Fun Time Express?

Fun Time Express is based in Chicago, Illinois, United States.

What episode on Shark Tank was Fun Time Express featured?

Fun Time Express appeared on the Shark Tank Season 5 Episode 24.

When was Fun Time Express aired on Shark Tank?

Fun Time Express was aired on April 11, 2014.

Was is safe to used Fun Time Express?

Yes. Fun Time Express is safe to use.

What was the price of Fun Time Express?

The cost of taking the train is $3, which may be paid in cash or with a credit card.

What was Fun Time Express doing?

Fun Time Express makes trackless train for special events and venues.

How long was Fun Time Express in business?

Fun Time Express founded in 2011.

How much money did Fun Time Express made?

Net earnings were around $27,000 in 2011, but they more than quadrupled in 2012, to over $216,000 in gross sales and close to $80,000 in net profits.

Was Fun Time Express a private or a public Company?

Fun Time Express was private company.

Is Fun Time Express still in business?

They closed the firm in 2018 and returned to real estate.

What is net worth of Stan Krozel?

Stan Krozel’s net worth of Stan Krozel is unavailable.

What is net worth of Kevin Ullery?

Kevin Ullery’s net worth is unavailable.

Was Fun Time Express a successful Company?

Yes. The business has grown from five to eight sites since appearing on Shark Tank, with plans for further expansion.

They liquidated the company in 2018 and returned to real estate.

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