Summary
Seeking interest in a well established buisness with 2 VR studios iat the Entrance and Erina Fair with significant scaling potential for a sole operator with visiosn and drive.
Revenue
$300,000 pa
Rent
$110,000 pa
Expenses
$100,000 pa
Net Profit
$90,000 pa
Location Details
One stuido on the main street at The Entrance and oneother inside Erina Fair.
Well established an known across teh Central Coast.
Potential
Growth in areas such as corporate events, outdoor events and conferneces are largely untapped.
The Entrance studio has a small art gallery attached and has had over 20 exhibitions.
Exisitng events from the Council, NSW Health and Comicon are in place along with 2000+ social follwoers.
All hardward for outdoor escape adventures is included.
Skills
The hard work of making the VR work and the Virtual Escape rooms has been done but does require some level of IT, design and marketing skills which can be taught.
Hours
School holidays 7 days 10 - 6
Thur - Sun 10 -6
Erina can remain open untill 10pm
The Entrance has no restricitions
Lease
The Entrance has 18 moths left with an eager owener to extend
Erina fair has 2.5 year remaining
Employees
5 casual staff
Reason for Sale
After creating CCVR 7 years ago and investing significant enegry its time to pass to someone who wants to take the reins and grow into the many areas curerntly not being explored - especailly the corporate matket (team building / conferneces). I have been working in a full time role elsewhere for the past 12 months and I cant provide the time and attention the buisness has had in the past and requries to scale further.
About the Business
The web site and socials provide a good idea of the nature of the VR buisness and how popular and well received VR is with all demongraphincs.
History
Established 7 years ago by the owner CCVR has grown into a well known attraction on the Central Coast with people travleing from Sydney and Newcastle as well.
An estamiated 10% of of the 300k people on the coast have tried VR which leaves 90% of the coast still untapped.
Off site oppertunities started 3 years ago and have signiciant growth potential with a number of reoccuring events throughout the year in place.
Connect with us