Listing Id: 27661
Total Views: 5808
(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
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
Commercial Street
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Premise Size
431 sqft / 40 sqm
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Monthly Rental
S$3,100
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Rental Desposit
N/A
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Revenue
N/A
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Liability
N/A
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Gross Profit
N/A
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Net Profit
N/A
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Stock
S$35,000***
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Part Time
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Staff
2
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Established
2021
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Source
Direct Seller
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
Singapore