He says he could have up to 400 outlets by the end of 2018 if a string of mergers and acquisitions come off for his business, for which he reveals he has already knocked back a $30 million offer from private equity. People might not like it but that is how I do business.' Sure, it might have cost you some money but you've kept the other guy at bay. You might spend $700,000 on a store just to make sure they don't make money and the bank won't loan them any more. We will try to get leases before others do as well. If we see someone else doing well in an area, we will open up a bigger place just down the road. The company already has large factories in Poland to manufacture most of its fit-outs and Grundy says he should have 83 outlets by Christmas. He has just opened his 77th outlet in Somerset in the United Kingdom and spoke to The Australian Financial Review from Thailand where a centre and a factory will soon open before he headed to Guadalajara in Mexico for what will be the 78th Flip Out. Grundy is the owner of the Flip Out trampoline centre business that is opening up outlets around the world at a rapid rate and is big enough for the 37-year-old to debut on this year's Financial Review Young Rich list with estimated wealth of $38 million.īrash, opinionated, confident and very successful, Grundy is determined not to take his foot off the pedal and says his style is to try to vigorously take on competitors.īrent Grundy, founder of Trampoline chain Flip Out, is also creating a comic book series.

In just five years, Brent Grundy has gone from not being able to afford Christmas presents to now having what he calls serious 'f- off money'.

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