Virtual Reality Escape business looking for an owner operator for expansion.

4 days ago

Private Seller

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Summary

We are a successful virtual reality escape room business in the CBD. To expand our operations to other states and within the state we are looking for someone to manage our existing venue in the CBD.

Revenue

$30,000 pm

Rent

$10,000 pm

Expenses

$10,000 pm

Location Details

It is in the heart of the CBD close to train stations and tram stops

Potential

This business requires a highly dedicated owner operator to work with the investors to grow this business with significant potential. We have a small window to expand this business to other states and regions. We are looking for somone who is an investor with his time and money. If revenue grows more than a particular amount then the owner operator will get a minimum base plus bonus. If the revenue falls below the agreed level then the owner operator will not get any payment. We can also agree a pro rata model.

Skills

Ability to have excellent customer service and sales skills. Should have the ability to sell to B2B and B2C with great outbound cold calling skills. Constantly target partners, customers and promotional campaigns. Must be a techie to some extent to trouble shoot some systems for which training will be provided. Manager of venue staff and performance manage them including rostering them to shifts. Will be trained to be a game master to service customers.

Hours

Business operates 10 AM to 10 PM every day. You can pick the hours. Ideal if we Monday to Friday.

Lease

To Be negotiated.

Employees

10

Reason for Sale

We are not looking to sell, but looking for a partner to co-invest (time & capital) to expand the business. The business has a great opportunity but requires someone who is passionate to own and drive the expansion of the business. The current owner is time poor. We are also about to launch services to new customer segments. With a co-owner it will reduce significant costs and also provide an income for the co-owner.

About the Business

The business started soon after COVID and it built a strong revenue base. It was initially managed as an owner operated business now it has been transitioned to an investor staff managed business. By inviting a partner who can work in the business and be a part owner we will be well positioned for expansion onto other States and even create a franchise model. The brand is very strong with retail customers and corporates. We are unique due to our location, highly skilled staff, very high customer satisfaction including google ratings and established brand over two years. If your someone who is looking to start a business but also want a paid job OR someone with capital but dont want to venture out alone but want to get paid for your work too, then this will be an ideal business for you. You must be good with technology and be a technical person good with hardware, software and customer service.

History

Started in November 2021. Business was started by a single operator, sold in November 2022 to investor. Now seeking to grow with additional investors and owner(s).

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