URBAN AIR ADVENTURE PARK

The system's momentum stands out: franchising since 2013, Urban Air grew from 179 locations in 2023 to 193 in 2024—a solid 8% uptick—with 30 new units projected. Four corporate parks anchor the brand under Unleashed Brands, but Item 19 earnings disclosure is absent, leaving prospective investors without validated revenue or profit figures from existing franchisees. This gap matters in entertainment, where traffic ebbs with seasons and local demographics; without it, you're piecing together averages from elsewhere. SBA data fills some voids—166 loans on record averaging $2.51M each, with an impressively low 1.2% default rate—suggesting many owners secure funding and stay afloat.

Financials demand scrutiny for these capital-intensive plays. Total investment spans $3.11M-$8.38M (Item 7), including a $100K franchise fee, driven by park size (20K-25K sq ft) and attractions like go-karts and VR. Ongoing fees stack up: 7% royalty, up to 5% NAF, $1,300-$1,800 monthly call center, $1,600-$1,800 POS license, plus music/training at ~$100/month. Litigation flags persist—mostly breach disputes over unpaid royalties and termination bids—indicating strains for some operators in this $3M+ arena. Growth persists, but no earnings transparency and fee layers amplify risks; strong SBA stats offer reassurance if you can front the buildout.