OFF-MARKET ‘Q3 2022
AR / VR Development Studio (Worldwide Client Base)
Cape Town, South Africa (BUT BUYER COULD BE ANYWHERE….)
Seller Financing Available if the price and deal structure is right
Asking Price: $5,000,000
Cash Flow: $40,000
Gross Revenue: $400,000
EBITDA: $40,000
FF&E: $100,000
Inventory: N/A
Established: 2012
Employees: 15
Business Description
This International Technology Company has large premier clients in engineering and mining industries, finance and banking industries, and technology companies. The Company specializes in adapting new AR/VR technology to operational and consumer needs with an international development team located in the European time zone. This is a team with a decade of experience working in AR / VR with supporting internal tools and documentation.
The ideal buyer could be a well-funded development studio looking to acquire talent and revenue. Companies specializing in providing corporate training may also realize tremendous value from the technology and team experience. Alternatively, a consultancy looking to add AR/VR development capabilities to their offerings should also be intrigued.
On the cutting edge of AR / VR, this company has found a problem/solution fit and is looking for the support of a strategic acquirer. Additionally, the founding managing director would like to stay on and continue operations with an ideal interested party. NDA required {SUBMIT BELOW} to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
Offices are located in South Africa, the company has gone remote during the lockdowns and provides work locations for employees who wish to have an office. Buyer could be anywhere worldwide, USA / UK / Wherever.
Competition:
The AV/VR space is burgeoning with possibilities, the opportunities well outweigh the competition, but this will not last. As a development studio, the company has existed since 2012 and has strong operational experience developing AR/VR capabilities for clients, and is strongly positioned to be a frontrunner in this industry.
Growth & Expansion:
The Company earns the lion’s share of its revenue from national players in South Africa, they recently bootstrapped a sales team in the United Kingdom that has begun to help build an international sales funnel and sees massive opportunity for growth in the international market.
Financing:
TBD if structure and terms are acceptable.
Support & Training:
As needed – specific terms for transition support can be negotiated. The founding managing director is interested in staying on with the
right interested party.
Reason for Selling:
Sell to the right partner to grow market share.
OFF-MARKET-AR-VR Development Studio For Sale
