How profitable Are Escape Rooms?
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 4 February 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Do you like escape rooms?
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 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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