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Listing Id: 27661 Total Views: 5079

(Sold) Virtual Reality Arcade And Event Company At Bugis For Sale

Central Area

Date Closed: 05/05/2024

Asking Price: S$35,000(Neg.)

Overview

  • Premise Type Commercial Street
  • Premise Size 431 sqft / 40 sqm
  • Monthly Rental S$3,100
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock S$35,000***
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Part Time
  • Staff 2
  • Established 2021
  • Source Direct Seller
  • ***Inlcude in the selling price

Reason For Sale

Owner Moving to software development

Description

A Virtual Reality Arcade and Event Company at Bugis.
The main 4 steams of revenue
1. VR Arcade at Bugis area with a professional booking website and payment gateway integration. With 1000 booking annually.
2. VR Learning Journey target school CCA programme. Hosted more than 30 secondary schools.
3. VR Event Management to organise VR birthday party and corporate VR team building events
4. VR Booth setup to setup VR related booth/equipment. Serving more than 30 clients. Including SAFRA, UOB, MOE, IMDA and other event partners. We are also a partner of IMDA digital for life and participated in the 2023 IMDA Digital for Life Festival.

Owner is venturing into VR development business and would like someone to takeover the VR arcade and VR event business.

All the VR equipment approximately $40k will be included as part of the sale.

Business Operation

Dual used VR Arcade and VR Demo Center used as an Arcade and a showcase of equipment for event
Facilities
Training support of 1 month will be provided by the owner.
Support and Training

Property Information

End In 2024 May
Lease Term
Arcade premises with approved licensing from URA and Singapore Police public entertainment license department.
Premises Details
Yes, it can relocate to other place
Relocatable

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