Summary
The No. 1 virtual reality entertainment venue in Melbourne CBD is looking for investors and franchise operators to expand to other states and offer new VR products to schools and corporations.
Revenue
$35,000 pm
Rent
$7,500 pm
Expenses
$20,000 pm
Location Details
We offer innovative virtual reality entertainment escape rooms, games and racing cars for retail, corporates and schools. Hosting birthdays, bucks, team building and other events. We are looking for investors and franchise operators
Potential
License the highly proven Melbourne CBD VR venue as an investor or operator. It is the largest VR venue in Melbourne CBD that has expanded over the last 12 months. Starting with 8 stations in 2021 now it has expanded to 24 in 2025.
Having serviced retail customers now we are a popular venue for corporates and schools. In August, we will be presenting a national school conference to secure bookings for next year. We want an investor to join our growth journey. You can be an investor manager or an investor.
Skills
Ability to be an investor only OR an investor venue manager / operator. The current owner has already built a world class team. With over 800 google reviews and at a rating of 4.9 we are a highly recognised brand that has grown in spite of the current recession.
Hours
Business operates 10 AM to 10 PM every day.
Lease
This is the best time to join us as the lease expires in September. Can be renewed or renegotiated
Employees
10
Reason for Sale
We are NOT looking to sell
For an investor to license the proven Melbourne venue
- The current owner will stay on to expand the business and also ensure you are successful.
- You are buying the license to operate and profit from the Melbourne venue as a low-risk option.
- revenue generation will be the responsible of the current owner.
About the Business
We are located in the heart of Melbourne CBD, on Queen Street. We are the premier virtual reality entertainment business. We started by offering escape rooms but have added Virtual reality games, racing cars, and many other VR adventure products.
Customers book online, email, or call us to book upwards of 2 to experience a VR escape room or VR arcade games for 1 hour. Most bookings between 2 and 8 are done online. Any large bookings, including birthdays and team building, are done via email and by calling us. We also offer a 2-hour birthday or team-building activity.
Retail
We service a very loyal retail customer base during the evenings, weekends and school holidays. They book online between 2 to 8 people for a session. The venue started with 8 people, and now it can host up to 24 people with careful expansion. We used to host small birthday parties during weekend. It has grown to host big birthday parties and bucks parties. During the time the business has been operating, we are now found in whatsOnmelbourne, things to do in Melbourne, and we are growing our market share. Customers book their session online or walk-in then select their escape rooms or arcade games to play for 1 hour with their friends, partners or family.
Corporates
We have expanded our brand considerably to corporates. We service team-building and Christmas party events. Several large corporates, including the leading telco in the country, banks, consulting companies, and others, have visited us. We intend to expand this further next year by offering team-building events at corporate sites after doing so to some level this year, opening up a significant new market for us.
Schools
Increasingly, schools are coming to us and requesting very large bookings. This is exciting, but we need to expand our venue. Here, too, we will visit schools to conduct VR event days. We also have an innovative VR education curriculum for schools that we intend to offer next year.
Our unique differentiations are:
- Location, location and location. We are situated in the heart of the CBD.
- Highly skilled and motivated team that earns positive google reviews which has driven a high customer loyalty.
- Diversified product set. We offer multiple virtual reality products to increase enjoyment and fun.
- we have multiple license models provided you have around 150K to invest in opening up in another location or want to be an investor looking to get into an early stage startup that is now at breakeven point.
Come and join us as an investor or license operator!!.
History
Started in November 2021. Business was started by a single operator, sold in November 2022 to the current investor. Over the last 3 years, we have grown by acquiring a bigger competitor who entered into liquidation. By acquiring that competitor now we have become the dominant player in the market. The company has consistently grown its revenue base from this march ever since the current owner also became the operator of the business. However to scale this business to the next stage we are looking for investors and franchise operators.
Connect with us