Cheeky Monkeys

Cheeky Monkeys began franchising in 2021 out of Plano, TX, under Playtime Hospitality, LLC, growing from just 2 locations in 2023 to 5 franchise units by 2024—a staggering 150% jump—plus 5 corporate spots for a total of 10. They project 3 new units soon, signaling optimism, but the system's youth shows in limited scale: only 5 franchisees total. Item 20 highlights this small footprint with no reported terminations or transfers yet, which is clean but unproven over time. Those 10 SBA loans averaging $843,480 suggest lenders see viability for big builds, often financing hefty edutainment setups.

Financials hit hard upfront: $40,000 franchise fee, total investment $723,550-$1,122,000 covering play equipment, layouts, and training standardized for brand consistency. Ongoing bites are 6% royalties, 1% ad fund, plus $200/month tech fee—standard but additive on slim margins typical in family entertainment. No Item 19 earnings disclosure is a glaring red flag; without franchisee-reported revenues or profits, you're blind on real cash flow in a competitive space chasing pay-per-play, parties, and events. For investors eyeing $1M+ outlays, this opacity plus tiny network screams caution—strong growth is promising, but unverified economics could mean high risk until more data emerges.