Thriving Virtual Reality Arcade in Prime Entertainment Complex
Business Description
This established business has been serving customers in London, Ontario for several years, generating reliable revenues and consistent cash flow for ownership. With a reported Seller’s Discretionary Earnings (SDE) of approximately $135,000, it provides an excellent income opportunity for a hands-on owner-operator or an industry buyer looking to expand.
About the Business
- Years in Operation
- 7
- Facilities & Assets
- The company comes equipped with all of the necessary equipment maintained in great condition. The equipment carries a resell value of $73,600.
The 4000 square foot location is inside of The Factory. This is one of Ontario's most popular and most visited entertainment facilities. The location effectively doubles as a marketing budget and provides over 90% of the customer attendance. - Website
- https://thenextlevelvr.ca/
- Market Outlook / Competition
- COVID slammed London, Ontario’s VR scene, wiping out foot traffic, events, and school bookings. Most studios closed as revenue dried up and fixed costs kept piling on. Next Level survived only because its landlord stepped in, deferring rent and giving breathing room to ride out lockdowns and a slow recovery. With competitors gone and consumers returning, Next Level emerged as one of the last players standing, effectively holding a near monopoly in the local market.
- Opportunities for Growth
- Off-Peak Growth — Fill weekday/daytime with school and camp programs
Corporate Packages — Growing business community creates demand for team-building bookings
New VR Content — Add escape rooms, leagues, tournaments, and seasonal events
Marketing Expansion — Increase visibility through, digital ads, influencer partnerships, and cross-promotions
Console Gaming Addition — Broaden walk-in appeal with console-based attractions
Under-7 Market — Introduce equipment for younger audiences to capture family traffic
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,000
- Rent
- $8,076.00 per month
- Lease Expiration
- 6/30/2028
About the Sale
- Seller Motivation
- The owners are pursuing separate new careers and no longer want to share ownersh
- Transition Support
- The business is supported by a strong and experienced team. The Long brothers. They are willing to provide any reasonable amount of support and training.
- Financing Options
- Nothing less than 50% cash down
Listing Info
- ID
- 2423613
- Listing Views
Business Location
Listing ID: 2423613 The information on this listing has been provided by either 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 full Terms of Use. Learn how to avoid scams.
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