Online Sports Wagering Service – Home Based!

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$57,000 $53,960

Services: Non-classifiable


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RE: Online Sports Wagering Service – Home Based! Broker: Robert Rodriguez

Quick Facts

Asking Price: $57,000
Annual Revenue: $53,960
Net Profit: Not Disclosed
Cash Flow: $30,598
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: Not Disclosed
BBN Listing #: 68264929
Broker Reference #: RSportsBet

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Business Overview:

This online sports wagering service is a home-based business opportunity with enormous growth potential given recent legislative changes. With New Jersey’s 2018 Supreme Court victory, states now have the ability to legalize sports betting, which has significantly increasing consumer demand for “action”. This company has operated since 2013 and provides quality content created by top sports writers as well as sports picks developed by some of the world’s top handicappers. The enterprise is operated with minimal effort, but has significant growth potential for an owner who is eager to play a more active role, and willing to increase human capital investment and able to increase the financial investment in marketing and web interface management. This business is ideal for a sports enthusiast who hopes to grow an already established business in what is and should continue to be a booming industry.

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Property Features and Assets:

The business is home based and therefore has very little overhead, but provides the opportunity for some creative tax benefits for use of a home office. The sale includes all of its tangible but more importantly, its intangible assets including the client email database of over 1,500 users, 200 active subscribers and a Twitter handle with over 4,800 followers, as well as the trade name, website, website code and other credentials.

Market Competition and Expansion:

Competition exists as there are a number of sports handicappers in the industry however this business is already generating healthy profits despite the owner’s limited role. It is positioned for significant growth and can thrive under the right management. Given the national legislative climate governing this the company has significant growth potential. Additional states are already expected to come online with legalized sports betting (8 states currently permit full-scale legalized sports betting, 2 states recently passed bills in favor, 29 states have introduced bills (per ESPN)) while technology has dramatically simplified the customer’s ability to gamble in several ways. As a result, the industry appears to be poised to continue to grow.

Reason for Selling:

Personal

Additional Details:

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

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