The centre has been revamped since shutting its doors at the start of 2020, and will reopen to the public on Friday, May 14.
Director Jason Wallace has joined Kyabram businessman Chris Motton and Zak Athanasiadis to help bring Fun Planet back to life.
The state-of-the-art Sodi go karts, a "huge" laser tag arena and arcade games all return as the centre gears up for a grand reopening ahead of the July school holidays, which Mr Wallace said was the busiest time of year for indoor entertainment centres.
Mr Wallace said the target age group for Fun Planet was those aged 10 and older and he said he was keen to get young adults involved in laser tag and go karting.
The 12-metre-high rock climbing wall and mini golf won't reopen on Friday, with the wall needing safety accreditation before it can be put back into use, while the mini golf space will be renovated.
A limited food menu of sandwiches, wraps, chips and drinks will also be available, with an area for parents to sit, next to a small playground to keep smaller children entertained.
Fun Planet has four rooms for parties, with bookings to open in June.
Mr Wallace grew up in Mooroopna before working for a wide range of entertainment companies, including Strike Bowling and Fun Lab, which operates Holey Moley in Melbourne as well as other entertainment venues.
About 25 people will be employed at the centre, including a mix of full-time and casual workers.
He said there would be 130 arcade-style games, and instead of inserting coins players would top up cards which kept track of money spent and how many tickets they'd won in order to cash in.
He said he was stoked to be nearly reopening.
“Every day which goes by we get a bit more excited,” Mr Wallace said.
“I'm super proud to be a part of this and was excited when I got the phone call, I thought it'd be cool to come back home."
Mr Wallace has a personal connection to the site, knowing it intimately as a youngster before the current buildings had been built.
“This used to be a drive-in site, and when I was 10 or 11 I'd come here and put out my table and sell some stamps, probably in this very spot,” he said, standing in the middle of Fun Planet.
Mr Wallace also opened a laser tag centre on High St, Shepparton in the early 1990s.
He said more exciting things were planned for the space once it found its feet; he wanted to create a centre people kept coming back to.
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