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New owner of Fargo's Sky Zone pledges to add new attractions

Iowa banker jumps on the opportunity to add to his growing stable of Sky Zones, promises more attractions.

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Fargo's Sky Zone indoor trampoline park at 940 40th St. S., seen Tuesday, Sept. 27, 2022, was recently sold and is now part of the Iowa-based Sky Zone Franchise Group,
Helmut Schmidt / The Forum
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FARGO - A new owner has bounced onto the scene at Sky Zone trampoline park.

John Sawhill, the owner of Sky Zone Franchise Group, purchased Fargo’s Sky Zone franchise at 940 40th St. S., in early September.

The 32-year-old Des Moines, Iowa, banker also owns four other Sky Zone’s around the country.

“They (the local owners) knew I was expanding. I just bought the Kansas City Sky Zone and was looking to get a couple more under my belt,” Sawhill said Wednesday, Sept. 28. “I came up to Fargo and I really liked it. It was well-kept and well-run.”

One of the previous owners, Bruce Karevold, said Wednesday that he and his partners “just decided that we wanted to sell it.”

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Sawhill said he plans to add a couple of attractions to Fargo’s Sky Zone, however, he said supply chain issues could delay their rollout.

“That park is a really good park to get a couple more things” going, Sawhill said. “I view Fargo as a really good, growing community. Having my experience in owning other ones, I’ll be excited to show the community things they haven’t had. But be patient, it will take some time.”

Sawhill said he wants to retain the current employees and culture of the venue.

Hours and ticket pricing for the Fargo Sky Zone are available online at https://www.skyzone.com/fargo . A waiver form must also be completed.

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Some of the play areas of the Fargo Sky Zone indoor trampoline park are seen Tuesday, Sept. 27, 2022.
Helmut Schmidt / The Forum

Karevold told The Forum in November 2014 that the Fargo Sky Zone was the 87th in the world.

The building cost about $2 million to construct and was filled with about a half million dollars of trampoline equipment, Karevold said.

Sawhill is leasing the building. He opted not to buy the property.

The building is listed for $3.5 million on the LoopNet real estate website .

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The two-story, 21,500-square-foot building sits on 1.8 acres, and is described as being an investment property with a strong, single tenant. The property is listed as having a 7.2% capitalization rate. (If you buy the property, your annual net income for the property will be 7.2%.)

The Los Angeles-based company was started in 2004.

In its online franchising information, Sky Zone says there are more than 100 franchise owners with more than 200 parks in more than 90 markets.

People interested in franchising a Sky Zone must have at least $500,000 in liquid assets and a net worth of $1.8 million.

Helmut Schmidt is a reporter for The Forum of Fargo-Moorhead's business news team. Readers can reach him by email at hschmidt@forumcomm.com, or by calling (701) 241-5583.
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