AI Santa and Four Other Simple Business Ideas (+ Vice Goes Bankrupt!)

**Shaan Puri** (0:00)
This is such a good idea, by the way. This is a phenomenal idea. This is a 10 out of 10 opportunity.

**SPEAKER_2** (0:06)
And... Dude, he pitched me to invest.

**Shaan Puri** (0:09)
Why haven't I not invested in this? Oh yeah.
Alright, what's up? We got a banger, we got a doozy. We got a two-man trio here, and it's just me and Sam, no guest today. Sam, what's up?

**Sam Parr** (0:30)
Nothing. I've liked having guests actually. Normally, I hate it. Lately, I've enjoyed it.

**Shaan Puri** (0:34)
What's the difference?

**Sam Parr** (0:34)
We should do more. I like the people we've chatted with. It's been better.

**Shaan Puri** (0:39)
Yeah, not like those other crusty guests in the past.

**Sam Parr** (0:44)
I have got a meaty topic. It looks like, I don't know if you have meaty ones, but you have four good ones, but they're smaller. Is that right?

**Shaan Puri** (0:51)
I'm going to tell you about a business that I think is interesting. Ben put this on my radar.
Yesterday, he goes, he goes, dude, your sister should open a Play Street, a Play Street. I was like, what the hell is a Play Street? So I'm looking up. Have you ever heard of this thing, Play Street Museum? Probably not. You don't have little kids, but basically imagine like a good for you version of Chuck E. Cheese. Let's start with that as the analogy.
So like Chuck E. Cheese is, you know, it's like, come eat rat pizza at my child casino.

**Sam Parr** (1:34)
Dude, my parents used to say that I always thought the Chuck E. Cheese near my house had burnt down, but they just say, no, it burnt down. We can't go anymore. I drove by there when I got a license and it wasn't burnt down.

**SPEAKER_2** (1:45)
I just thought it had burnt down.
That was their excuse. They said it burnt down.

**Shaan Puri** (1:52)
16 years old, you're just slamming the drive, the steering wheel, just like, god damn it.

**SPEAKER_2** (1:58)
It's been here the whole time.

**Sam Parr** (1:59)
It's like one of those facts your parents tell you when you're five and you just believe it to be true. Totally. You know, I think I told you, my father one time said, real men don't drink with straws, but he was referring to like a jacket and coat. So like for years, I was like, oh, we're not allowed to drink from straws.
It's like the Chuck E.

**SPEAKER_2** (2:15)
Cheese.

**Sam Parr** (2:16)
The Chuck E.

**SPEAKER_2** (2:17)
Cheese on Chippewa burnt down.

**Sam Parr** (2:18)
You know, it's not there anymore.

**Shaan Puri** (2:20)
The Chuck E. Cheese on what, Chippewa?

**Sam Parr** (2:23)
That was the street, Chippewa.

**Shaan Puri** (2:26)
Too good.
So this thing, Play Street, is basically you go there. It's a nice clean play. It's like a dream playroom for your kids. So it's like they got a giant train set. They have some learning games. They got like the floors all, it's like child safe.
And you basically pay 15 bucks.

**Sam Parr** (2:43)
It's beautifully done.

**Shaan Puri** (2:44)
And you get to play for an hour and a half or something like that. And so Ben goes, yeah, I've been going to this place. And I see that basically the one near me at least, he goes, I think they're doing 50 grand a month. I go, 50 grand a month? That's kind of a lot. And he goes, yeah, he goes, they basically they have, and I forgot the exact numbers, but it's like seven sessions a day. It's $15 each and you have 25 kids, I think, in the thing at once.
And he goes, they're basically 75% full in these sessions. You kind of do the math. You're like, all right, that gets you kind of like to 40K. Plus you can host your kids' birthday parties there on the nights and weekends. And so some people do that. He's like, I think they're probably, you know, an extra eight to 10K of sort of event revenue per month.
And then if you look at the cost, you know, you got your rent, it's probably like, you know, 5K, and you have your staff, your teacher, sort of like your supervisors or whatever that are like overseeing the play space and like resetting it, re-cleaning it in between sessions.
I think I'm pretty sure this thing is like netting something like 30K a month in profit, maybe 25K a month in profit.

**Sam Parr** (3:47)
And they have tons of these locations.

**Shaan Puri** (3:49)
Yeah, so it turns out they're franchising or something like that. I don't know if these numbers are true, by the way, this is like complete guesswork on my side, but I wouldn't be surprised. My sister owns some preschools in San Francisco and the numbers are somewhat similar. Now that's different. That's, you know, they pay a lot more but for regular schooling.