CircusTrix Holdings of Provo, Utah, bought Sky Zone last month, bringing the 195-unit trampoline park chain under its umbrella. As a Sky Zone CEO, Jeff Platt definitely has yearly earnings of million bucks. Jeff Platt’s age is 35 years as of 2021. According to Wallmine, Jeff owns over 5,000 units of Tidewater Stock worth over $1,796,681.
Sky Zone is part of CircusTrix, the world’s largest developer, operator and franchisor of trampoline parks with over 300 locations. The initial investment for a Sky Zone franchise is $350,000. This includes the Franchise Fee of $30,000. Once running, the average monthly costs are $40,000. Sky Zone’s competitors are Airtime. They have annual revenue of $35M and 339 employees. Saturday night, Topeka Police responded to an incident at Sky Zone, an indoor trampoline park in Topeka. Sky Zone Deer Park is working on epic new ways to play, gather and compete.
Twenty-five million people will visit Sky Zone this year, generating over $300 million in sales. Last year revenues were $50 million, with a 20% profit margin.
In a room for children’s parties, CEO Jeff Platt explains the master plan. "We want a world where everyone plays every day," he says. But rivals operate 75% of the 600-plus domestic trampoline parks.
Platt has run the company since the age of 22. The chain grew from two locations to 176 parks in six countries. He adapted Sky Zone to different cultures and models. Sky Zone is listed among the fastest growing companies in LA, top franchises, and promising American companies by Forbes. It is first in the $1 billion industry.