South Florida Investor Takes a Chance on Monkey Joe's and Ends Up on Top
Investment in Children’s Entertainment Franchise Turns A Profit
Atlanta, GA (PRWEB) March 01, 2012 - According to a FindLaw.com survey, 61 percent of Americans have either started or thought about starting a small business at some point in their lives. Often individuals hesitate to open their own business due to the amount of time and dedication needed, having to provide enough capital up front to start the business or the stress of putting together a successful business plan. For franchise investor, Michael Tralongo, choosing to invest in a Monkey Joe’s Party and Play Center not only proved to be a great concept for him, but also its success earned him five times the earnings.
Monkey Joe’s, a popular family destination, is an inflatables-filled party and play center, with more than 60 locations nationwide. After initially hearing about the concept from a friend, Tralongo bought into the concept as partner of the Boca Raton, Fla. location. After a year and a half seeing success with Monkey Joe’s and working with the concept daily, Tralongo made the business decision to sell his half to a new investor looking to expand the concept further in the South Florida area.
“Upon first learning about the Monkey Joe’s concept, I knew it was a brand that would work well in the South Florida region,” explains Tralongo. “After becoming an investor, I became fully involved with the concept and was excited to see the growth and success of the location. After I sold the concept to a new investor at the end of 2011, I ended up making five times the earnings during a time where the economy was still on the mend. I believe the combination of a great concept, a well-thought out location and the support of the franchisor helped our Monkey Joe’s location grow and ultimately was what allowed me to make a profit.”
According to the U.S. Department of Commerce, franchises have a 90 percent success rate, as compared to the failure rate for non-franchised business start-ups. With franchises’ proven business model and operation principals, franchises have proven to be an excellent option for entrepreneurs looking for assistance in training and business principals.
“Over the years since Monkey Joe’s was founded, we have seen a lot of great success in working with franchise partners, including those groups that have investors,” says Daryl Dollinger, president of Monkey Joe’s. “We have seen the success of Monkey Joe’s at the local level in various markets across the country. We encourage anyone looking to become an owner of a franchised business to speak with our team and learn about the path to becoming a successful business owner.”
About Monkey Joe’s
Monkey Joe’s is a fun and exciting inflatables-filled indoor facility that provides families with engaging and interactive activity and entertainment -- all day, every day (no special occasion necessary!). Today Monkey Joe’s operates more than 61 facilities pure-kid-fun in motion. For more information about Monkey Joe’s, please visit http://www.monkeyjoes.com.
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