Gravity trampoline parks: from selling their cars and sleeping on the trampolines, here’s how two childhood friends created a £30 million empire.
Gravity is offering fantastic franchise opportunities to operate a very profitable business with some of the world’s leading landlords, and in the most prominent high-footfall retail and leisure destinations.
“The indoor trampoline park business has been in existence over ten years in the US and still enjoys tremendous growth. Much of Europe and the rest of the world is still poised for explosive development. With the right partners, and commitment to best in class locations, Gravity can capture this opportunity. Through the franchising model we are looking to partner with experienced individuals or companies with entertainment, leisure or strong customer service backgrounds” – Harvey Jenkinson, Co-founder and Director.
How it all Started
In 2014, Michael Harrison, Harvey Jenkinson and Simon Whicker founded Gravity Trampoline Parks, with the vision of opening a unique leisure offering in the UK’s most sought-after leisure and retail destinations. Gravity now operates eight parks in the UK’s premium retail and leisure centres. These include sites such as Xscape Yorkshire and Bluewater Shopping Centre, with some of the industry’s leading landlords: British Land.
Intu, Kames Capital and Land Sec.
Director and co-founder Michael Harrison said, “As you can imagine, the last three years have been hard work, and we as a company have learnt many things along the way. The whole thing started from very humble beginnings, with my business partner and I having to sleep on the trampolines rather than pay for hotels during our first project in Xscape Yorkshire. Not only did we design and brand the company, but we physically built the park with our own hands. Harvey and I have worked in every role in the business, from serving on the tills to acting court monitors, and understand every aspect of this business from the ground up”.
Michael was born into a travelling fun fair, and his family settled in a coastal Yorkshire town when he was 12, setting up a fun park and pleasure pier. He dropped out of school at a young age to work his way through the business in every role from pot-washing to acting CEO. There is no part of the leisure sector that he has not worked in or experienced.
His business partner Harvey had spent ten years in the super yacht industry. Harvey explains, “My key skills lie in project and personnel management. My day-to-day focus is on creating a team that is capable of the continued growth we are planning within the sector. I communicate daily with multiple landlords, property agents and our legal team to guide our progression, and manage our head office team alongside Michael to ensure that we have the right people in the key roles that enable Gravity to succeed and continue our expansion”.
The company directors have known each other since childhood but it was Harvey, whilst working in the Caribbean, who formed a friendship with Simon Whicker (ex KPMG partner). Simon would become the third major shareholder in the business, and part of a formidable team that would quickly grow in reputation and success. Whilst Simon is based outside the UK, he brings a wealth of experience to the company on a daily basis and has helped shape the structure of the business. His expertise is in insolvency, which has enabled Gravity to develop many key areas of control that can often cause new businesses problems as they grow. Gravity currently employs over 300 team members, having secured £5 million pounds worth of investment from Guinness, and has now been valued at over £30 million.
What’s Next for Gravity?
Gravity has now developed into much more than just a trampoline park. Michael Harrison says, “As time goes on, it’s important our brand continually develops to remain at the forefront of the leisure market. Our first park at Xscape Yorkshire was a very simple concept – not much more than lots of interconnecting trampoline beds. The franchise model we’re looking to roll out with will be based on our latest park at Bluewater Shopping Centre. This park contains a huge open bounce area, dodgeball courts, volleyball courts, dunk zones, freestyle areas, obstacle courses, virtual reality climbing experiences and Gravity Rocks urban climbing. With each new park that opens, we will continue to develop and stay ahead of the game. In larger units Gravity also includes completely separate offerings such as adventure golf and family entertainment areas to ensure maximum utilisation of the unit, and ultimately maximise profits.”
Gravity has established itself as the landlords ‘park of choice’, and is now actively searching for franchisees in Europe, Scandinavia, Russia, the Middle East and Asia. After attending MAPIC in late 2017, Gravity received interest from major landlords in over 30 different countries worldwide. Their strong, recognisable brand, industry-leading safety standards, first-class operating practises and partnerships with the leading high street restaurants gained them a trail of admirers. Harvey recalls, “Michael and I were blown away with the interest we received at MAPIC, and after three years of fine-tuning and creating the perfect leisure operation, this gave us a perfect platform to push on with our franchise aspirations”.
The Franchise Offering
GRAVITY sites have a proven track record of delivering significant growth
Profitable within a very short period of time
18% EBITDA
Existing sites have an average ‘mature” turnovers of c. £1.7 – £3M p.a.
Low new park opening costs – approx. £1.3 – £1.7M
Rapid payback periods on average 24 – 36 months
Six months from park identification, agreements, agreeing terms through to opening.
AT A GLANCE
Name of franchise: Gravity Trampoline Parks
Established: 2014
Number of outlets: Eight locations (one under construction)
Location of units: Xscape Yorkshire, Lockmeadow Maidstone, Riverside Norwich, St Stephens Hull, Fountain Park Edinburgh, Soar Glasgow, Bluewater Kent, Xscape Milton Keynes (under construction)
Investment range: £1.3 – £1.7 million
Minimum required capital: £1 million
URL: www.gravity-franchise.co.uk
Contact: Richard Lang, Franchise Development Manager, richard@gravity-uk.com
Michael Harrison, Co-founder and COO, michael@gravity-uk.com
Harvey Jenkinson, Co-founder and CEO, harvey@gravity-uk.com
