Summary
Established virtual reality entertainment business in Adelaide, featuring immersive VR experiences, free-roam gaming, group events and purpose-built facilities. Great opportunity for a new owner.
Location Details
12 reese ave, richmond, adelaide
Located in Richmond, Adelaide, South Australia.
Convenient location with parking available at the front and road.
Located near major main roads, surrounded by commercial businesses and other entertainment venues that attract additional customers.
Potential
Significant opportunity to grow an established business in the expanding virtual reality entertainment industry.
Potential to increase revenue through corporate events, school groups, birthday parties, private functions, group bookings and expanded marketing.
Further opportunities exist to grow the VR equipment sales side, introduce new experiences and games, develop business partnerships and expand trading hours.
An established setup provides a strong foundation for a new owner to build upon.
Skills
Good customer service, communication and basic business management skills would be beneficial. An interest in technology, gaming and entertainment is an advantage.
The business has established systems, equipment and procedures in place.
Previous VR experience is not essential, as training and a five-day handover will be provided to help the new owner become familiar with the equipment, operations and day-to-day running of the business.
Hours
Operating hours and trading arrangements can be discussed with the new owner.
Lease
Lease arrangements to be discussed with the landlord. Further details available to interested buyers.
Employees
Existing employee arrangements can be discussed with the buyer. The new owner will have the opportunity to determine future staffing requirements, positions and working hours, subject to applicable employment agreements.
Reason for Sale
After more than 20 years in business, the decision to sell is due to increasing family responsibilities and health-related circumstances requiring more time and attention.
Balancing these responsibilities alongside managing multiple businesses has become increasingly difficult. The intention is to slow down, focus on family and personal wellbeing.
This presents an opportunity for a new owner to take over an established business and continue its growth.
About the Business
An established virtual reality entertainment business located in Richmond, Adelaide, offering immersive gaming experiences and entertainment for individuals, families, groups and corporate customers.
The business features purpose-built VR gaming areas, including large free-roam spaces and room-scale gaming facilities, allowing multiple customers to enjoy a wide range of virtual reality experiences. The venue also features racing simulators, a seated gaming area, customer facilities and a dedicated kitchen and dining space suitable for birthday parties, private functions and group bookings.
Conveniently located near busy main roads, the business benefits from surrounding commercial businesses and other entertainment venues that help attract local customers and generate additional traffic. Parking is also available.
The business caters to a variety of markets, including birthday parties, families, school groups, corporate functions, private events and general public bookings. There is further potential to expand through corporate partnerships, school programs, events, marketing and additional entertainment offerings.
The sale provides an opportunity to acquire an established business with existing infrastructure, equipment, facilities, assets and intellectual property, providing a foundation for a new owner to continue operating and developing the business.
History
Established in 2020 in Glenelg, Adelaide, the business has continued to grow, evolve and improve over the years.
It has since relocated to Richmond, where it has expanded its facilities, invested in additional equipment and developed a more comprehensive virtual reality entertainment offering.
Over the years, the business has refined its training, experiences and operations through experience, trial and improvement.
Through ongoing improvements and investment, the business has grown into the established venue it is today.
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