Larks Entertainment
Entertainment & Recreation · Sports & Recreation
- Active units
- 1
- Royalty
- 7.0%
Franchised, year-end 2024
of weekly Net Sales
About Larks Entertainment
Larks Entertainment is a unique and exciting brand located in Southlake, TX. They offer a one-of-a-kind experience that combines a bar, restaurant, and shuffleboard complex, all under a cool and casual vibe. At Larks, shuffleboard is king, and it's the main attraction that brings families and friends together. But that's not all - Larks also offers a range of indoor and outdoor family entertainment options. Their entertainment venue features nostalgic games alongside state-of-the-art fun for all ages. From league and open shuffleboard play to the Larkade, mini golf, and sports simulators, there's something for everyone to enjoy. And don't forget to indulge in their chef-inspired restaurant and cocktail bar, where you can savor delicious food and drinks. Larks Entertainment is led by a dedicated team with a wealth of experience in the industry. Their CEO, Curt Skallerup, brings his expertise from Altitude Trampoline Parks, and they have a team of professionals who excel in retail operations, finance, sales, construction, and real estate. Whether you're looking to play, eat, drink, socialize, or just lounge, Larks Entertainment promises a fun-filled experience for all. Visit their location in Southlake, TX, and get ready to have a great time.
Key terms
- Franchise fee
$40k
- Brand fund
0.0% of Net Sales
- Local advertising
3.0% of Net Sales
- Footprint
12,000 – 22,000 sq ft
- Area Development Agreement (example for 3 locations)
$80k
- Veteran discount
Not offered
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2025 filing).
Growth
- Total locations1
Franchised units open at year-end
- New openings1
Gross new units opened during the calendar year
- 1-year unit growth rate—
Net unit growth versus prior year
- 3-year unit CAGR—
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio1.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$7.1M
Midpoint of estimated initial investment range
↓ Lower is better - Time to open9 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate7.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.