Listing Number: 76931-409496
Description
In business for over a decade InfinteVR, a virtual reality licensor, generates profit margins over 50% with its nearly fully absentee model. The VR units that are currently placed in malls (7 total) are run by local licensees of the brand. The seller is offering the opportunity to be the licensor of InfiniteVR. A buyer could simply maintain the current structure and enjoy the healthy, mostly absentee SDE that will be over $110,000 in 2024 and was just under $60,000 in 2023 with revenues of $197,973 and $140,187 respectively.
The seller will work with the buyer to make introductions and foster relationships with his vendors, his repair and maintenance team and the licensees. He will also be available longer term as a consultant.
There are many options for a new owner:
1. Continue to maintain and support the current licensees. The seller implemented an extended warranty service piece to the business model, and this recurring revenue quickly generated over 50% of the revenue that’s being brought in by licensing fees.
2. Sell the concept and units to new licensees. Included in the sale are 8 preowned units and 1 new unit to give the buyer a head start on signing up new licensees. The value of this included equipment is approx. $70,000.
9DVR ( dual pod unit): 5, Pre-Owned = $6,000 each
VRRACING (racing unit): 2 Pre-Owned = $7,000 each
VrBike (motorcycle): 1 Pre-Owned = $5,000 each
SkyTech (skiing): 1 Brand New = $9,000 each
3. Popping up all over the country are VR and more traditional arcades that are the logical next step for this business model. Pre-COVID, there were over 30 licensees in 12 states located in malls. While there is still a strong market for this model in high-end malls, there are ample other opportunities to expand.
4. The buyer could open “corporate owned” locations. With this model, the new owner would be generating location/retail revenue with margins that are equally as generous as the licensor’s margins.
Listing Details
- Price: $250,000
- Down Payment: $250,000
- Sellers Discretionary Earnings: $110,000
- Total Sales: $197,973
- Location: Harris County, Texas
- Inventory: $70,000
- FF&E: $0
- Employees:
- Year Established: 2010
- Reason for Selling: Other Opportunities
- Category: Recreation
