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American Online Gaming Services Marketplace

$2.8M$1.2M

Description

This listing offers a unique opportunity to acquire assets in the booming gaming industry. This portfolio provides an ideal acquisition target for strategic buyers in this space that are looking to duplicate this model for other games and increase the rapid growth from under $200,000 sales in 2017 to over $1.85 million in sales in 2018 and over $3.5 million in sales in 2019. His growth continues to be explosive.

Future Growth

This is a huge opportunity because they are currently just doing this for one game and producing these numbers but this model can be replicated for every top game since their 7,000 customers and their 160 contractors play other games also, they just haven’t ventured into it. Their profit margin will increase greatly now that a lot of the startup costs are eliminated and the contractors are currently receiving 2/3 of the order price. He did it this way so the contractors don’t steal clients and it worked very well. It can probably be brought down to a 50/50 commission without compromising anything which would bring the profit up to around $550k plus eliminating the startup costs like i mentioned – the aim would be to get this to a 50% profit margin business while continuing growth and duplicating the model to other games. There’s also an influx of contractors which would drive costs down a lot.

Key Financials

Asking Price: $2,800,000

2020 Revenue (as of 11/10/20): $3,737,996.91
2020 Projected Revenue: $4,220,000+

2019 Revenue: $3,565,023.00
2019 Net Profit: $661,614.00

2018 Revenue: $1,856,734.01
2018 Net Profit: $262,299.52

Detail

Updated on December 1, 2020 at 2:04 pm

Property ID:L#2020747
Property Type:Internet Businesses, Internet Related
Property Status:For Sale
Asking Price: $2.8M
Gross Revenue:$4M
EBITDA:$1.2M
Business Description:Approx. 73,092 unique visitors/month, 297,164 page views/month
Growth & Expansion:Over 12,000 reviews on third party sites including over 6,800 reviews on reviews.io
Support & Training:3 Months
Reason for Selling:New Venture
Country:United States
City: Harrisburg

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