Multi-Location Axe Throwing Bar

Northeast US
Consumer, Food & Retail
Client Code: BN000039762
Revenue (TTM): $1,913,949
EBITDA (TTM): $19,989

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.