Leading Online Shop for Handheld Gaming Equipment- SBA Pre-app!
Specializes in GameBoy parts - Profitable home based business with growth potent
included in asking price
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Old school meets new school! This niche company of 5 years is the leading online shop for hand held gaming equipment and modifications in the US. The company offers custom designed Game Boy parts that enable users to illuminate their Game Boy screens. With a steady stream of clients and very low overhead, an ideal opportunity for a buyer to enjoy predictable cash flow and a rapid return on investment.
The global video game industry is ranked as one of the top five entertainment industries in the world. This industry reached $78.61 billion in the US alone in 2017. The revenues in this industry are based on both the hardware (such as consoles, screens, and controllers), and software (such as the actual games that users play). Nintendo is one of the largest video game companies generating $4.37 billion in annual revenue.
Nintendo originated in 1889 as a card game company, then shifted to video games in the 1970s. The company is well-known for its famous characters like Mario, who made his debut in the game Donkey Kong in 1981. Mario has been an iconic figure for Nintendo. In fact, when Super Mario Run was released in December 2016, it became the fastest mobile game to reach 10 million downloads.
Not only do people keep up with the latest Nintendo offerings, there is a large customer-base for nostalgic Nintendo games and consoles like the Nintendo Game Boy. The Game Boy was released in 1989 and sold 300,000 units in the first two weeks after its release. The Game Boy was easy to maneuver, had a long battery life compared to other consoles, and allowed for multi-player games. Additionally, it was one of the very first game consoles to market to both genders and players of all ages. It became increasingly popular with the introduction of the Pokémon games.
For those who grew up in the 80s and 90s, there is a significantly sized niche market for restoring and playing the old original Game Boy. This market is not just in the US but across the globe. The company has proven extremely successful capturing a large portion of this niche market in the US and with the international market. The company has focused specifically on solving the problem of illumination on the Game Boy console. Working with manufacturers in China, the Company has custom-designed a solution that no other competitor currently offers.
- An established company in a highly niche market.
- Strong, loyal customer base with a high repurchase rate.
- Unique product not offered by its competitors.
- Opportunity for strong margins.
- Very low overhead and small footprint.
- Work from home
The owner plans to exit the industry after the sale of the company and is willing to sign a non-compete agreement. Even though they are exiting the industry, they are willing to provide post-sale training to the new owner. This is an asset purchase. The asking price is $489,000.00.
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About the Business
Contact the Seller
- Year Established:
- Number of Employees:
- Home Based:
Home based online
Only one company in the US that specializes in Game Boy parts but is not in the same niche as the company that is for sale.
Growth & Expansion:
Companies in the video game modification industry have the potential to earn revenue through a variety of products and services. Like this company, other companies focusing on retro game consoles can sell specific components for game consoles or they can perform the modifications for the customer.
In addition to outfitting older consoles, a growing trend in the industry that is popular today is software modifications, particularly for PC games. The five primary segments of the gaming industry are:
• Mobile Games
• PC Games
• Console Games
• Virtual Reality Games
The company is part of the Console Game segment of the video game industry. This segment is expected to take 27.7 percent of the market share in 2018. Of this segment, the company focuses on a very niche market – modifying vintage Nintendo Game Boy consoles.
About the Sale
- Reason For Selling:
To pursue other interests
Owner will provide post-sale training
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