Martial Arts School Owners, Kovars Inc. Expanding Chain.

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(Sacramento, CA)
Tuesday, December 14, 2004
Kovars, Incorporated, has announced a number of acquisitions. It’s acquiring two schools owned by Dragon Star Karate as of January 1st. It’s also in final negotiations to buy an out-of-state company with 10 locations … and, it will add a Roseville school in June. Revenues should grow to $5 million next year, with 6,000 students learning karate at 20 different schools, according to brother Tim and Dave Kovar, who brought in a venture capitalist in New York to help them reach their goal of 100 schools around the country. But they’ll have to compete with at least two or three other companies working on a national rollout.