Profitable VR arcade in central area. OPEX is 50-54% of revenue.
How is the OPEX % low? - There's no cost of sales to every sales made. People pay to play in the VR arcade.
How do we stand out? What's our competitive advantage? - We are the only VR arcade with this "special VR equipment" in Singapore. - We have received abundant google reviews to stand out and gain trust in this niche market.
How much does owner need to work? - It takes owner 5 hours of work per week. - Work currently done by owner listed below. These can be delegated to current or new staff. 1. Replying to special enquiries for events, special quotes, government agencies, corporates 2. Managing the performance of the team lead 3. Getting new part timers to pass to team lead 4. Maintaining equipment
How to close deals and run the VR arcade? Sales & store operations are 95% automated with - SOP & checklist in app - Video briefings - Booking system for all types of revenue sources - Template and price guidelines for enquires
Opportunities to grow? 1. Stronger branding, content marketing and ads 2. Upselling on parties or team bondings 3. Outreaching (currently little to no effort) 4. Offering new games
Financial & bank statement available to interested buyers, with NDA.
Business Operation
VR equipment, PCs, rigs
Facilities
There's 1 strong competitor in the arcade segment. We're strong in group bookings (birthdays, team bondings) and special events (learning journeys, booth, etc). No potential strong competitor in the near future.
Competition
1 month support and training on the business processes and operations.
Singapore