Rapidly Growing Virtual Reality Company

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Asking Price:
$324,807

Gross Revenue:
$241,735
Cash Flow:
$129,923
EBITDA:
$129,923
Inventory:
 Not Disclosed

FF&E:
$13,035
included in asking price

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Business Description

Let this virtual reality company make your dream a reality!

This rapidly growing virtual reality business is perfect for a passive/remote owner! The company can be run from home or anywhere in the country. Marketing strategies and customized operating software already in place, leading to 50+ inbound leads per month. 26% closing rate on all proposals. 150+ clients nationwide!

About the Business

Location:
Louisiana
Year Established:
2016
Number of Employees:
3
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,000
Rent:
$200.00 Per Month
Facilities:
The Company currently leases a small storage unit for their VR equipment. The business is relocatable and can run remotely from anywhere in the country, including from home.
Market Outlook/
Competition:
Strengths:
- Low overhead
- Optimized and dynamic web interface
- Office not required
- Ability to customize customer experience and products
- Exciting and attractive new field
- Seeing repeat customers after first full year targeting B2B events.
Growth & Expansion:
The company has seen rapid growth in the last few years, growing from $57,685 in gross revenues in 2017 to $241,735 in 2018! Additionally, the company has already recorded revenues of $165,000 through June of 2019 and is on pace to have almost $330,000 in gross revenues by the end of 2019! That's a 27% increase from 2018!

Both the B2B event industry and the market for VR/AR technologies are experiencing rapid growth which is not expected to slow down. The combination of these two fields comes naturally, as roughly 81% percent of corporate event planners have expressed a desire to find new and innovative ways to set their events apart. Considering that 95% percent of Americans have not yet tried VR/AR technologies the B2B event industry is a perfect way to introduce the exciting new field of VR/AR technologies, while delivering exciting and innovative corporate events.

B2B events are becoming more and more prevalent in the corporate market with each passing year. In 2018 alone the B2B event planning revenues exceeded $13B and is still expected to grow by 11% by 2025. The VR/AR technologies market are one of the newest and most promising new fields in technology. The market size for these technologies is expected to grow exponentially and is estimated to value $192.7B by 2022. The conjoining of these two fast growing and relatively new industries present a unique and promising field for the upcoming future.
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About the Sale

Reason For Selling:
Owner selling to pursue other business interests
Training/Support:
The owners are willing to train for 30 to 60 days at no cost. Additionally, an owner is willing to stay on and assist with operations and sales for 6-12 months.

Listing Info

ID:
1643438
Ad Detail Views:
0

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