Company grows with private equity infusion
In less than eight years, Urban Air Adventure Parks has grown from a single trampoline park into 65 open (including seven company-owned), 97 under construction and 78 working on real estate deals.
Every month, fairly consistently, five more franchise units open and other agreements are signed — 75 percent by existing franchisees.
The chain of family-oriented indoor theme parks is opening in Augusta early next year in the former H.H. Gregg building in the Augusta Exchange shopping center on Robert C Daniel Jr. Parkway.
Urban Air locations feature climbing walls, warrior obstacle courses, tube playgrounds, ropes courses, trapezes, spinning-and-flipping bumper cars, as well as trampolines.
The Texas based company looks for bargain-priced vacated stores such as Toys R Us and Sears and had systemwide revenue of $166 million in 2018.
In April of this year a group of investors purchased 51% of the company.
Urban Air’s board of directors includes Ken May, CEO of Top Golf, which is also building a new location in Augusta.
Entrepreneur Magazine‘s “Franchise 500” placed Urban Air at No. 97 based on growth, financial strength and stability.