Shark Tank Update
Shark Tank Pitch
Fun Time Express Shark Tank Update
Published:
3m
Chicago, IL
| Name | Fun Time Express |
|---|---|
| Main Presenters | Stan Krozel and Kevin Ullery |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 4/11/2014 |
| Main Location | Chicago, IL Loading Map |
| Order Shown in Episode | 3 |
| Final Deal | Deal was made on the show with sharks Lori Greiner, Kevin O'Leary for $125k for 20% of company and 100% of profits go to repaying investment until repaid, but it fell through after the show. |
Fun Time Express Shark Tank Pitch
Stan Krozel and Kevin Ullery are two guys who had love at first sight at 25. Stan is more business-oriented and found success in real estate until the market crashed, and they needed a new business. Kevin considers himself more laid back and describes himself as the beauty to Stan's brains. Stan and Kevin risked their finances and relationship to create Fun Time Express, a train for kids to ride in the mall.
Fun Time Express has five active trains and is working on its sixth and seventh. Each train costs $38k (to make?). Each ticket to ride is $3. Stan indicates that they will get $500 to $800 in sales on a good weekend. Trains typically pay for themselves in six to eight months. Each mall is an individually negotiated lease.
In 2011, Fun Time Express did $106k in sales with a $47k profit before paying themselves. In 2012 they did $216k in revenue with an $80k profit. Next year they project around $1 million in sales. Stan proposes that 100% of profits go to paying back the investment until repaid.
Daymond jokes that the train reminds him of getting robbed after riding the New York City trains as a kid. He also has noticed his kids have shown little interest in similar train operations. Other sharks think Stan and Kevin may have a nice business but don't see room to make much money. Lori buys into the feel-good aspect of the business and, after all the other sharks are out, persuades Kevin O'Leary to join her on the deal, to which all parties agree.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $125k for 20% of company | |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Out | Daymond John | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Kevin O'Leary | Out |
| Company | Deal Never Closed | Lori Greiner, Kevin O'Leary | $125k for 20% of company and 100% of profits go to repaying investment until repaid |
Mark Cuban
Out
Daymond John
Out
Kevin O'Leary
Deal Never Closed
Lori Greiner
Deal Never Closed
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Fun Time Express After Shark Tank
According to windycitytimes.com https://www.windycitytimes.com/lgbt/Gay-Chicago-businessmen-getting-national-TV-exposure/46916.html, Stan Krozel started a real estate company in 2003 called Royal Service Realty and was a licensed funeral director. When the real estate market went through a challenging period, they were forced to downsize, but by 2014 that business had recovered and was doing well.Link Preview
windycitytimes.com
According to a 2014 article by nextshark.com https://nextshark.com/fun-time-express-founders-is-it-bad-build-a-business-with-a-significant-other, Stan Krozel and Kevin Ullery were still going through the due diligence process with Kevin O'Leary and Lori for the deal with Fun Time Express but said Kevin O'Leary and Lori were great to work with thus far. Stan and Kevin saw a traffic boost to their website and hoped to expand into more malls soon.Link Preview
nextshark.com
The website funtimeexpress.com permanently went down in early 2016, and the business quietly disappeared without any articles I could find past 2014. I couldn't find anything on Kevin Ullery beyond his Twitter, @KevUllery https://x.com/KevUllery, which has been silent since 2014 outside of a lone 2020 post as of 2023.Link Preview
@KevUllery
Stan Krozel's LinkedIn https://www.linkedin.com/in/stanislawkrozel https://www.instagram.com/stankrozel makes no mention of Fun Time Express as of 2023, but he appears to be still be involved in real estate. Stan appears to be active on his Instagram, @stankrozel Link Preview
LinkedIn , in 2023, but with no sight of Kevin Ullery. Link Preview
@stankrozel
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