Listing Number: 52941-134409
Description
Step into a world where imagination meets technology! This cutting-edge virtual reality arcade business is poised to revolutionize the entertainment industry in Dallas. Using the latest in virtual reality equipment along with the best gaming content available, this business has grown its revenue by 56.3% from the first 5 months of CY 2023 to the same period of CY 2024 with the expectation of continued growth.
The owners worked with the franchisor to bring this virtual reality concept to the Dallas area with the business opening in July 2022. Since then, the owners have seen the business steadily grow from $0 revenue at the beginning to the current $148k/yr (5 months ended 5/24, annualized). Similarly, the SDE of the business, which began as a loss, has steadily improved as the revenue has grown such that it is now close to the breakeven point of the business.
The virtual reality industry is projected to double in size from CY 2022 to CY 2025 and projected to continue to grow at a 21.6% CAGR through CY 2031. This business is well positioned to take advantage of this growth as it has the superior product versus its competitors and is more affordable than its competitors.
Although the owners have successfully guided the business from inception to the fast-growing business that is poised for very healthy profits, the owners are needing to focus their attention on other opportunities. As such, they are looking for a buyer who can continue to grow the business.
Listing Details
- Price: $ 70,000
- Down Payment: $70,000
- Sellers Discretionary Earnings: $ -67,261
- Total Sales: $ 147,773
- Location: Collin County, Texas
- Inventory: $ 0
- FF&E: $ 95,156
- Employees:
- Year Established: 2022
- Reason for Selling: Pursue Other Opportunities
- Category: Recreation,Retail Miscellaneous,Video Related Biz
