Can I Save This Failing Pack in 90 Days? | Ep 1008

Bankrupt as in zero dollars in his bank account. That's what this business owner just approached me with. That's gonna happen within weeks. Not months or years, weeks. And he's gonna have to sink his entire life savings into it just to keep it going to the end of the year. And so I'm gonna sit down with Paul to help him fix his adventure park that he's already sunk$22 million in, which is absolutely insane. And I'm gonna give you a step-by-step roadmap on exactly what he needs to do to fix the business, and we're gonna check back in within 90 days from now to see A, is he still alive, and B, Did the business get fixed? But most importantly for you, if you're a business owner, I've scaled 10 businesses to$10 million in revenue, three to$100 million plus. And I think the biggest lesson I've learned in this entire process is that the tactics and principles that apply to this business apply to many businesses because businesses behave in patterns. So with that being said, let's dive into the business. What's happening, everybody? So, Paul, you ready? Oh, I'm already all right. So tell me about the business. Yeah. Uh my name's Paul Fontanelli, uh founder of Boulder Adventure Park. We are an indoor family entertainment center in Grand Prairie, Texas. The story actually started eight years ago. Okay. Uh I dreamed it up. I was working in corporate America. Kind of

Uninspired at the time, wanted to do something entrepreneurial. I have three young kids, wanted to get out of that and build a business and how much did you raise Uh raised eight, uh total cost is twenty two million. Did you put the rest in? Uh I put well Raise a the rest is debt. Got it. Who paid for the debt?

Uh bank. Yeah. It's a big loan. Yeah, that's part of what we're gonna talk about today. Yeah, no. We will. All right, so uh How does this thing you're going to do it? Make money. So we're four point eight. We're not profitable yet.

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