Real Estate focused Virtual Reality provider

Los Angeles, CA
Los Angeles County

Asking Price: Annual Revenue:
$750,000 $602,000

Services: Real Estate

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RE: Real Estate focused Virtual Reality provider Broker: Steve Lukes

Quick Facts

Asking Price: $750,000
Annual Revenue: $602,000
Net Profit: $186,000
Cash Flow: $186,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 3
BBN Listing #: 647511895
Broker Reference #: BizEx1349-SL

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Business Overview:

This company sells computer-generated virtual tours for new construction or fit-out real estate projects. The product helps real estate companies sell or lease faster and at higher rates.

Their unique offering is to deliver a full suite of formats that help showcase the tours across all possible channels, without charging a la carte for each image or each format. This is achieved by applying real-time video game technology to the real estate industry. Their customers get 10x more content, plus viewer interactivity, for a similar price to just a few static images from the old way of creating real estate visualizations with traditional rendering companies.

- The ROI from a high-quality tour helping generate leads and convert leads to signed deals
- Customers say they like having the full suite of virtual tour content available for different situations
- 70% of customers that have more than one property have become repeat customers
- Software Automation for output of full product suite (VR, 360, Video, 2D)
- Built on Hollywood-quality game engine
- Large library of 3D assets reused on future projects
- Newly created Commission-only sales team
- Oculus-ready (most prominent VR platform)
- Dedicated offshore 3D team; low cost with high quality
- Low Overhead (remote team, even pre-pandemic)

Please contact Steve Lukes, M&A Advisor.

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.

Reason for Selling:

Career change.

Additional Details:

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

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