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Online Sports Wagering Service ??? Home Based
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Entertainment and Leisure > Other Entertainment and Leisure




Business Summary

This online sports wagering service is a home-based business opportunity with enormous growth potential given recent legislative changes. With New Jersey's 2018 Supreme Court victory, states now have the ability to legalize sports betting, which has significantly increasing consumer demand for ''action''. This company has operated since 2013 and provides quality content created by top sports writers as well as sports picks developed by some of the world's top handicappers. The enterprise is operated with minimal effort, but has significant growth potential for an owner who is eager to play a more active role, and willing to increase human capital investment and able to increase the financial investment in marketing and web interface management. This business is ideal for a sports enthusiast who hopes to grow an already established business in what is and should continue to be a booming industry.

Asking price: $47,000

The business is home based and therefore has very little overhead, but provides the opportunity for some creative tax benefits for use of a home office. The sale includes all of its tangible but more importantly, its intangible assets including the client email database of over 1,500 users, 200 active subscribers and a Twitter handle with over 4,800 followers, as well as the trade name, website, website code and other credentials.

Competition exists as there are a number of sports handicappers in the industry however this business is already generating healthy profits despite the owner's limited role. It is positioned for significant growth and can thrive under the right management.

Given the national legislative climate governing this the company has significant growth potential. Additional states are already expected to come online with legalized sports betting (8 states currently permit full-scale legalized sports betting, 2 states recently passed bills in favor, 29 states have introduced bills (per ESPN)).


Financials

Asking Price Range:  < $250K
Gross Revenues:   $53,960
Cash Flow:   $30,598
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2013
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 Weeks at 20 hrs/wk
Reason For Selling:  Personal




Print Listing Id: 700333475
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Related Searches: Amusement Parks  >  Art Galleries and Museums  >  Billiards and Bowling  >  Casinos  >  Movie Theaters  >  Other Entertainment and Leisure  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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