Asking Price: $324,807 Gross Revenue: $241,735Cash Flow: $129,923EBITDA: $129,923Inventory: Not Disclosed FF&E: $13,035 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
Building Sq. Ft.:
$200.00 Per Month
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.
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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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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