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Wealthy Way

How profitable Are Escape Rooms?

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 4 February 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Do you like escape rooms?
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Transcript

Click on a timestamp to play from that location

0:00.0

With business just overall right you're always looking at the next trend always

0:06.6

Tell me about how escape rooms and axe throwing came about and like how profitable are they?

0:12.8

Yeah, they're crazy profitable.

0:14.7

So I started my first escape rooms.

0:17.4

Really I was one of the first ones in the country.

0:19.0

Like when I first started researching it,

0:21.3

they were all over Asia, and there were like maybe 15 or 20 in the United

0:28.0

States at the time. Keep in mind, there's tens of thousands right now. So there was like 15 or 20 total and I researched and I saw it so I flew to a couple

0:36.4

that were in the United States. Nobody knew what they were and I saw the reason why I was able tell how much money made, because people aren't going to always tell you.

0:44.0

But with escape rooms, you have to book your slots. And you could see how many slots are available, and then you could see how many are full.

0:50.0

And I used to have my assistant, my executive assistant, basically have a spreadsheet of every escape room that existed and they would mark how many sold for each slot for like a month out. and I saw that they were like literally on a

1:05.5

waiting list most people for like a month or so out and they were charging like

1:08.8

25 to 30 bucks an hour and how many hours they were selling I was able to tell and I was like

1:13.2

holy shit this is like crazy amount of money like what are the expenses I went

1:16.7

there I kind of figured out like I could do it for this like there's big money in

1:19.6

it so I'm at the time there was one that opened in Atlanta or two and I was like the probably the third one or so in Atlanta

1:26.4

But I opened I was the second one in New Jersey because New Jersey actually had the first escape room in the country.

1:33.4

First or second.

1:34.4

So I opened up a ton of all throughout New Jersey, Pennsylvania, New York, because I have a good partner

1:38.0

there, Atlanta, and then Florida, Kansas.

1:42.4

So what is it cost to open an escape room?

1:44.7

What kind of profits are the man?

...

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