Rapidly Growing Virtual Reality Company

New Orleans, LA
Orleans Parish

Asking Price: Annual Revenue:
$324,807 $241,735

Technology: Internet, Websites

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RE: Rapidly Growing Virtual Reality Company Broker: Michelle Seiler Tucker
Owner Financing is Available!

Quick Facts

Asking Price: $324,807
Annual Revenue: $241,735
Net Profit: Not Disclosed
Cash Flow: $129,923
Total Debt: Not Disclosed
FF&E: $13,035
Real Estate: Not Disclosed
Year Established: 2016
Employees: 3
BBN Listing #: 995853282
Broker Reference #: 6631

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Business Overview:

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!

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Property Features and Assets:

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.

Market Competition and Expansion:

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. 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 is projected to have have over $150,000 in gross revenues by the end of June, and is on pace for over $300,000 in 2019! That's a 20% 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.

Reason for Selling:

Owner selling to pursue other business interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is a franchise resale opportunity.

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