Real Estate focused Virtual Reality provider
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Background
| BizEx ID: | BizEx1349-SL |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Software & Technology Business Services (B2B) |
| Years in Business: | 4 |
| Under Present Owner: | 4 |
| Hours of Operation: | 9am-6pm |
| Owner Hours: | 9am-6pm |
| Training: | 2 weeks @ 24 hours |
| Organization Type: | LLC |
| Lease Expiration: | n/a |
| Lease Options: | n/a |
| Building Size: | none |
| Employees: | 3 |
| Reason for Sale: | career change |
Financials
| Asking Price: | $695,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $602,000 |
| Discretionary Cash Flow: | $316,384 |
| FF&E: | n/a |
| Inventory Included? | No |
| Inventory: | n/a |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: |
| 2021 (projection) | 2020 | |
|---|---|---|
| Gross Sales | $ 670,000 | $ 601,886 |
| Gross Profit | $ | $ |
| Disc. Earnings | $ 370,000 | $ 316,384 |
Description
This company sells computer-generated virtual tours for new construction or fit out real estate projects. The product helps real estate companies sell or lease faster and at higher rates.
Their unique offering is to deliver a full suite of formats which help showcase the tours across all possible channels, without charging a la carte for each image or each format. This is achieved by applying real-time video game technology to the real estate industry. Their customers get 10x more content, plus viewer interactivity, for a similar price to just a few static images from the old way of creating real estate visualizations with traditional rendering companies.
- 70% of customers that have more than one property have become repeat customers
- Software Automation for output of full product suite (VR, 360, Video, 2D)
- Built on Hollywood-quality game engine
- Large library of 3D assets reused on future projects
- 275k of earnings on the books and another 100k in equity received from customers
- Oculus-ready (most prominent VR platform)
- Dedicated offshore 3D team; low cost with high quality
- Low Overhead (remote team, even pre-pandemic)
Please contact Steve Lukes, M&A Advisor, 310-871-2909 or slukes@bizex.net
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
