Fun Time Express operates trackless train rides for kids. They are pitching their train that runs through shopping malls, parks, and sports arenas.
Fun Time Express runs mall trains
They are pitching their company in Shark Tank Season 5. It costs $3 to ride the train, and they negotiate with each mall on their lease. They did $106,000 the first year, and double revenues, and made $80,000. Fun Time Express projects $900,000 in sales.
Company: Fun Time Express
Entrepreneur: Kevin Ullery and Stan Krozel
From: Chicago, Illinois
Ask: $125,000 for 25% equity
Companies in this episode: Taylor Robinson Music, Funtime Express, PowerPot, Quickstop Fire Sprinkler Tools
Season: Season 5 Episode 524
Sharks: Mark Cuban, Daymond John, Kevin O'Leary, Lori Greiner, Robert Herjavec
First Aired: 04/11/2014
Deal: Lori Greiner and Mark Cuban for $125,000 for 20% equity and 100% of the profits to return the investment.
What do the Shark Tank Investors say about Fun Time Express
Mark Cuban thinks from an investors perspective, there is not enough income, but it is a good income for an individual.
Daymond John took kids on the train, and they were playing on their smartphone. He is out.
Kevin O'Leary says it is one of those deals that tempts him, but the deal is small, and the returns are low. He has a little concern about the economies, but it is a steady stream of income. It is too small for Mr. Wonderful so, he is out.
Lori Greiner likes what they are doing; it is a feel-good kind of business. She enjoys this business. Lori offers half the deal but wants another Shark to come in on the company. She asks Mr. Wonderful to come in on the company. Kevin comes in for $125,000 in exchange for 20% equity with 100% of the profits to repay the investment.
Robert Herjavec it is too small for him, he is out.
Fun Time Express after Shark Tank
Everywhere you look, you see that Fun Time Express is still in the due-diligence phase and has not inked the deal. That means the deal did not happen.
Kevin and Stan are from Chicago and doing real estate again, but the business, Fun Times Express has the website redirecting to Jolly Express, a train company that operates in Chicago malls.
It appears that Fun Time Express is no longer in business, and the domain name ended up being acquired and redirected to Jolly Express, a similar company in the Chicagoland area.