Multi-Location Axe Throwing Bar

The company is a multi-location axe throwing bar located in the Northeast US. The company offers several types of axe throwing events, all of which are accompanied by trained instructors that guide customers through structured tournaments.
Key Aspects
• From 2019 to 2021, revenue grew at a compound annual growth rate (CAGR) of 7.5%, with gross profit (GP) margins averaging 73.0% during that same period
• Strong brand recognition throughout its current state of operation
• Three prime locations in its current state of operation
• Established mobile axe throwing events, allowing the company to travel to customers throughout the state
• Seasonal league memberships are available at two of the three locations.
Opportunities
• Expand geographically throughout the current state of operation and other areas of the US
• Focus on developing additional axe throwing events to the company’s current catalogue
• Capitalize on the success and brand recognition the company currently has via franchising the model for further growth
Headquartered
• Northeast US
Current Markets
• The company serves customers throughout its current state of operation.
Real Estate
• The company operates from three locations totaling 7,700 sq. ft. Each facility is leased from an unrelated third party.
Shareholder Objectives
• The company is owned by three shareholders with a 75/15/10 split. The minority shareholder that owns 10% of the company is not active in the day-to-day operations of the company. The active shareholders are seeking possible exit strategies to facilitate growth of the company via new ownership. Both are willing to remain with the company for a transition period to new ownership.