Ever wonder if a simple childhood joy could be the ticket to entrepreneurial success? Stan Krozel and Kevin Ullery bet on it, transforming the humble kiddie train ride into a thriving business venture known as Fun Time Express. Their journey, from Chicago malls to the intense scrutiny of Shark Tank, is a testament to the power of identifying a unique niche and pursuing it with unwavering determination.

In the high-stakes arena of ABC's "Shark Tank," episode 524 became a showcase for innovation and a dash of nostalgia when Stan Krozel and Kevin Ullery made their grand entrance. They weren't selling software or a revolutionary kitchen gadget; instead, they presented a charming, trackless electric train, complete with flashing lights and an unmistakable air horn the Fun Time Express. The duo, former real estate agents from Chicago, sought investment to expand their already operational enterprise, a business built on providing fun, safe, and accessible train rides within shopping malls and beyond.

Category	Information
Name	Stan Krozel & Kevin Ullery
Business	Fun Time Express (Trackless Train Rides)
Location	Chicago, Illinois
"Shark Tank" Appearance	Season 5, Episode 24 (April 11, 2014)
Initial Ask	$125,000 for 20% equity
Final Deal	$125,000 for 20% equity (Lori Greiner and Kevin O'Leary)
Business Valuation (at pitch)	$625,000
Background	Former Real Estate Agents
Website	ABC.com (for "Shark Tank" information)

Before their "Shark Tank" appearance, Stan and Kevin had already laid the groundwork for Fun Time Express, recognizing a gap in the market for family-friendly entertainment within shopping environments. Starting in Chicago, they found that the city's bustling malls provided an ideal testing ground for their concept. The trains quickly became a hit, attracting families looking for a fun and convenient activity. The success in Chicago fueled their ambition to expand nationally, but they realized they needed both capital and strategic partnerships to achieve their goals.

Their pitch to the Sharks was straightforward: they were operating five trains, with plans for two more. Each train represented a significant investment of around $37,500, and the revenue model was simple: charge $3 per ride. On weekends, a single train in a busy mall could generate approximately $800, showcasing the potential profitability of the business. The Fun Time Express wasn't just a ride; it was an experience, offering a trackless journey throughout the mall, providing entertainment for children and a brief respite for parents.

Stan and Kevin's journey to entrepreneurship wasn't a straight line. They were initially successful real estate agents in Chicago, but when the market faltered, they sought a new direction. The idea for Fun Time Express emerged from a desire to create something positive and joyful, bringing smiles to families in shopping malls. This pivot from real estate to entertainment demonstrates their adaptability and entrepreneurial spirit.

The Sharks were intrigued by the concept, but they also raised concerns about scalability, competition, and the complexities of managing operations across multiple locations. Despite these reservations, Lori Greiner and Kevin O'Leary saw potential in Fun Time Express. They offered a combined deal of $125,000 for 20% equity, valuing the company at $625,000. Stan and Kevin accepted the offer, securing the investment and mentorship they needed to take their business to the next level.

The investment from Lori and Kevin proved beneficial, enabling Fun Time Express to expand from five to eight locations. This expansion validated the business model and demonstrated the effectiveness of the "Shark Tank" partnership. The additional capital allowed them to acquire more trains, negotiate better deals with mall operators, and enhance their marketing efforts.

Fun Time Express distinguishes itself with its innovative approach to mall entertainment. Unlike traditional amusement rides, the trackless train provides a flexible and engaging experience, navigating throughout the entire mall, passing by various stores and attractions. This unique feature not only entertains children but also enhances the overall shopping experience for families. The train rides offer a convenient and enjoyable way for parents to keep their children occupied while they shop or simply take a break.

The success of Fun Time Express hinges on several key factors. First, they identified a need for affordable and accessible family entertainment in shopping malls. Second, they developed a unique and engaging product that appeals to both children and parents. Third, they established a scalable business model that allows them to operate in multiple locations. Finally, they secured strategic partnerships and investments to fuel their growth.

The story of Fun Time Express serves as an inspiration to aspiring entrepreneurs, demonstrating that even seemingly simple ideas can be transformed into successful businesses. By focusing on providing a fun and engaging experience, Stan Krozel and Kevin Ullery have created a thriving enterprise that brings joy to families across the country. Their journey from Chicago to "Shark Tank" is a testament to the power of innovation, determination, and a little bit of childhood nostalgia.

Their "Shark Tank" appearance on April 11, 2014, not only provided them with capital but also with invaluable exposure and mentorship. The Sharks' expertise in marketing, operations, and business strategy helped Stan and Kevin refine their approach and accelerate their growth. The partnership with Lori Greiner and Kevin O'Leary proved particularly beneficial, as they were able to leverage the Sharks' extensive networks and resources.

Fun Time Express offers a range of services, including trackless train rides for shopping malls, parks, sports arenas, and private parties. Their trains are equipped with all the bells and whistles, including flashing lights, air horns, and comfortable seating. They also offer customizable options, such as themed trains and personalized signage, to meet the specific needs of their clients. This flexibility and attention to detail have contributed to their success in attracting and retaining customers.

The company's commitment to safety is also a key differentiator. They operate with trained conductors who ensure the safety of all passengers. They also conduct regular maintenance and inspections of their trains to ensure they are in optimal condition. This focus on safety provides peace of mind to parents and helps build trust in the Fun Time Express brand.

The initial valuation of Fun Time Express on "Shark Tank" was $625,000, based on their ask of $125,000 for 20% equity. While this valuation may seem modest compared to some of the other businesses that have appeared on the show, it reflects the potential for growth and profitability in the family entertainment market. The investment from Lori and Kevin helped to validate the business model and attract additional investors and partners.

The success of Fun Time Express has not been without its challenges. Like any business, they have faced obstacles such as competition, economic downturns, and the complexities of managing operations across multiple locations. However, their adaptability, resilience, and commitment to customer satisfaction have enabled them to overcome these challenges and continue to thrive.

The trackless train industry is a growing market, driven by the increasing demand for family-friendly entertainment and the desire for unique and engaging experiences. Fun Time Express is well-positioned to capitalize on this trend, with its innovative product, scalable business model, and strong brand reputation. They are constantly exploring new opportunities to expand their reach and offer even more exciting and engaging experiences to their customers.

The story of Fun Time Express is a reminder that entrepreneurship is not always about inventing the next groundbreaking technology or disrupting a major industry. Sometimes, it's about taking a simple idea and executing it with passion, creativity, and a relentless focus on customer satisfaction. Stan Krozel and Kevin Ullery have proven that even a kiddie train ride can be a ticket to entrepreneurial success.

Beyond the financial investment, the exposure gained from "Shark Tank" was invaluable for Fun Time Express. The national platform allowed them to reach millions of potential customers and partners, significantly boosting their brand awareness and credibility. The episode continues to be re-aired, providing ongoing visibility and generating new leads for the business.

Negotiating lease agreements with shopping malls is a crucial aspect of the Fun Time Express business model. They work closely with mall operators to secure prime locations and negotiate favorable terms. The cost of a ride is typically $3, but they may adjust prices based on market conditions and the specific demographics of each location. Their ability to negotiate effectively with mall operators is essential for maximizing profitability.

Fun Time Productions, LLC, is the parent company of Fun Time Express. They offer a wide range of services beyond trackless train rides, including items and services for company picnics, corporate events, and community gatherings. This diversification helps to mitigate risk and provides additional revenue streams. Their ability to offer a comprehensive range of entertainment services makes them a valuable partner for event organizers.

While the company's core focus remains on trackless train rides, they are constantly exploring new ways to enhance the customer experience. This includes adding new features to their trains, such as LED lights, speakers, and smoke machines, to create a more immersive and engaging experience. They also offer customizable options, such as themed trains and personalized signage, to cater to the specific needs of their clients.

The entrepreneurial journey of Stan Krozel and Kevin Ullery is a testament to the power of perseverance and adaptability. After facing setbacks in the real estate market, they were able to pivot and create a successful business in a completely different industry. Their willingness to take risks, learn from their mistakes, and adapt to changing market conditions has been instrumental in their success.

The "Shark Tank" appearance provided Fun Time Express with not only financial resources but also valuable mentorship and guidance from experienced entrepreneurs. Lori Greiner and Kevin O'Leary's expertise in marketing, operations, and business strategy helped Stan and Kevin refine their approach and accelerate their growth. The partnership with the Sharks proved to be a game-changer for the company.

The trackless train industry is a niche market, but it offers significant opportunities for growth and profitability. As shopping malls and other entertainment venues continue to seek ways to attract and engage families, Fun Time Express is well-positioned to capitalize on this trend. Their innovative product, scalable business model, and strong brand reputation make them a leader in the industry.

The success of Fun Time Express demonstrates that even seemingly simple ideas can be transformed into successful businesses. By focusing on providing a fun, safe, and affordable entertainment experience, Stan Krozel and Kevin Ullery have created a thriving enterprise that brings joy to families across the country. Their story is an inspiration to aspiring entrepreneurs and a reminder that anything is possible with hard work, dedication, and a little bit of creativity.

There are cautionary tales within the "Shark Tank" universe. While Fun Time Express is a verified success, many businesses claim association with the show without actually appearing or securing deals. It's important to verify the authenticity of any "Shark Tank" connection before investing in or partnering with a company.

The dimensions of the Fun Time Express train, which can accommodate up to 7 children, are approximately 3.5m x 4m x 2.5m (height). It requires a standard power outlet (1100W) for operation. These specifications highlight the practicality and ease of integration into various venues.

While Fun Time Express focuses on train rides, other entrepreneurs on "Shark Tank" have explored related concepts. For example, the "Shark Tank Bouncy Castle" offers a different form of inflatable entertainment for children, showcasing the diverse range of businesses that have sought funding on the show.

Interestingly, the valuation of a company can fluctuate even after securing a deal on "Shark Tank." The Bundil company, for example, experienced a drop in valuation after Kevin O'Leary's investment, highlighting the dynamic nature of business and the importance of ongoing performance.

For those interested in renting a trackless train, Fun Time Productions, LLC offers services that include a trained conductor to operate the train during the rental period. These trains often feature LED lights, speakers, smoke machines, and authentic train sounds, enhancing the overall experience.

In the world of "Shark Tank," not every pitch results in a deal. Taylor Robinson Music (an online platform for music instructors) and Quickstop Fire Sprinkler Tools (a tool to stop water from a fire sprinkler) are examples of businesses that did not secure funding on the show, demonstrating the high standards and competitive nature of the "Shark Tank" process.

Ultimately, the story of Fun Time Express is one of innovation, perseverance, and the ability to identify and capitalize on a unique market opportunity. Stan Krozel and Kevin Ullery's journey from Chicago real estate agents to successful trackless train entrepreneurs is an inspiration to anyone with a dream and the determination to make it a reality.

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