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Gaming Website - On Pace for Over $3.5 Mil Annual Sales

Harrisburg, PA (Dauphin County)

Gaming Website - On Pace for Over $3.5 Mil Annual Sales
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Asking Price: $2,800,000

Cash Flow: $570,855

Gross Revenue: $3,520,000

EBITDA: $570,855

FF&E: N/A

Inventory: N/A

Established: N/A

Gaming Website - On Pace for Over $3.5 Mil Annual Sales

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Business Description

Booming Video Game Website - Huge Opportunity, Mostly Automated Sales

BUSINESS OVERVIEW
A company that provides services to gamers who want to boost their in-app characters.

First person shooters (Anthem, Destiny, Gears of War, etc.) and e-sports are a huge business.

There are various in-app purchases and micro-transactions found in video games. This business offers as a service for its customers the ability to boost the customer's in app characters and enhance their experience.

It's team of workers play the game and boost the customer's in app character through legitimate means for a disclosed fee such as unlocking a weapon or completing a mission.

This business has grown roughly 1000% from 2017 to 2018. Their growth is huge as they went from a team of roughly 30 independent contractors to a team of 160 independent contractors this past year. This was necessary to keep the order completion rate mostly within 24 hrs, which they stand by for orders.

This website is practically fully automated pushing the orders directly to the workers and the customer is alerted immediately when the job is complete all through a custom web hook, and they have a workforce of over 100 professional players doing all of the work. It has the strongest reputation in this niche with over 3500 reviews. This business has over 1,000 company reviews and 2,000 product verified reviews on Reviews.io. None of the competing businesses come anywhere close to their reputation online, with a search on Google.

HOW THE BUSINESS WORKS
1. Client makes purchase from the website for virtual service
2 Order gets automatically announced to workforce in a customized chat system
3. Worker requests the job, gets the necessary order info, and completes it. Then makes the payout request.
4. Website uses its custom Paypal plugin to automate the payout process, paying the entire workforce their approved payout requests within a few minutes.

OPPORTUNITY
Take over a passive income business model in a booming space. They are currently just doing this for one game and producing these numbers with fantastic growth.

Q1 2019 is a 25% increase from 2018 numbers.

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.

Add more games and products easily to multiply revenue.

COSTS TO RUN
Advertising fees ($1500-$3,000wk) with great ROI
Worker fees (2/3 of the order costs) - Opportunity to Decrease
Development and Marketer fees (Dependent on how many new products and games you add but not very costly but approx. $2,000/wk)
Paypal Fees - Standard 2.9%

IMPROVE PROFIT MARGIN
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.

You can either hire 5-10 full time employees reducing worker fees by over 65% or it can probably be brought down to a 50/50 commission without compromising anything which would bring the profit up substantially.

There’s also an influx of contractors which should be driving costs down greatly if you were to place a bid-style format.

TRANSITION & NON COMPETE
Owner will help with training and support to make the handover seamless and sign a non-compete.

INTERESTED?
If you are interested, please reach out directly and I can share the specifics such as exact website and so forth.

Owner would just like to have an NDA on file before sharing pertinent information as they would like to keep the business sale private. I think it would fit your portfolio in a great way!

Detailed Information

Location:
Harrisburg, PA
Employees:
1
Facilities:
Home-based business. This business is completely online and has no physical assets. Included in the purchase of this business is the transfer of the domain name, full admin privileges to the website and Discord server and full access to the company contractor workforce of over 150+ talented professionals that automate the sales process. Payment gateways will be transferred to the owner.
Competition:
It’s night and day in terms of the credibility and who is a trusted source. This company has over 4,000+ reviews compared to other services that have under 50. This company is a boosting website that is currently on focusing on servicing one game currently. They've dominated the market share for this particular game. Replicate their business model for other games.
Growth & Expansion:
There is tremendous room for expansion, offering other games which could expand the profit numbers in a large way. Reduce independent contractor fees greatly to increase profit margin to well over $1 million annually immediately.
Support & Training:
Full support will be given to the owner for up to four weeks including any help with the website admin and workforce. Owner would entertain a partner.
Reason for Selling:
Owner is seeking a liquidity event.
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Jaret Grossman

Business Listed By:
Jaret Grossman

Mizner Grande Realty

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