AR / VR Development Studio (Worldwide Client Base)

Cape Town, South Africa

Asking Price: Annual Revenue:
$5,000,000 $400,000

Services: Advertising & Marketing

Request More Information
Contact the Seller

RE: AR / VR Development Studio (Worldwide Client Base) Broker: Rick Carlson
License #: 01820673
Owner Financing is Available!
TBD if structure and terms are acceptable.

Quick Facts

Asking Price: $5,000,000
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: $40,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 15
BBN Listing #: 581127574
Broker Reference #: 1011 Advertising

Email or Print Listing

Request More Information
Contact the Seller

Business Overview:

This International Technology Company has large premier clients in engineering and mining industries, finance and banking industries, and technology companies. The Company specializes in adapting new AR/VR technology to operational and consumer needs with an international development team located in the European time zone. This is a team with a decade of experience working in AR / VR with supporting internal tools and documentation.

The ideal buyer could be a well-funded development studio looking to acquire talent and revenue. Companies specializing in providing corporate training may also realize tremendous value from the technology and team experience. Alternatively, a consultancy looking to add AR/VR development capabilities to their offerings should also be intrigued.

On the cutting edge of AR / VR, this company has found a problem/solution fit and is looking for the support of a strategic acquirer. Additionally, the founding managing director would like to stay on and continue operations with an ideal interested party.

NDA required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Facilities: Offices are located in South Africa, the company has gone remote during the lockdowns and provides work locations for employees who wish to have an office. Buyer could be anywhere worldwide, USA / UK / Wherever.

Market Competition and Expansion:

Competition: The AV/VR space is burgeoning with possibilities, the opportunities well outweigh the competition, but this will not last. As a development studio, the company has existed since 2012 and has strong operational experience developing AR/VR capabilities for clients, and is strongly positioned to be a frontrunner in this industry. Growth & Expansion: The Company earns the lion’s share of its revenue from national players in South Africa, they recently bootstrapped a sales team in the United Kingdom that has begun to help build an international sales funnel and sees massive opportunity for growth in the international market.

Reason for Selling:

Looking to raise funds for the next stage of growth.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

Request More Information
Contact the Seller is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!