Pay-to-enter competitions company specializing in luxury prizes
Ref. CA088
Location Re-locatable
Asking Price £99,000
Business Profile
Introduction
Turner Butler has been appointed to invite offers of purchase for 100% of the Issued Share Capital in a pay-to-enter competitions company specialising in luxury prizes.
Key strengths:
The business has the following key attributes:
• A fully operating and test launched driving game testing reactions and driving skills.
• Developed to fall outside the Lotteries and Amusements Act – no licence required.
• Potential to generate up to £1.1m revenue in Year 1.
• Significant growth and expansion opportunities.
The business provides an acquirer with:
• An ideal bolt on for a competitions company looking to add to their range of games.
• An excellent ‘starter’ opportunity for an individual or company looking to enter the pay-to-enter games sector.
Financial profile:
With its driving game, the Business has the potential to generate up to £1.1m in revenues in Year 1.
The Asking Price of £99,000 is for a sale of 100% of the Issued Share Capital in the Limited company on a cash free, debt free basis and includes all intellectual property and rights to the driving game already developed.
Next steps:
If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.
