Online Prize Draw Business with Huge Growth Potential

London, London
REF: S07918

Asking Price:
£6,000
Annual Turnover:
£7,000
Annual Net Profit:
£2,500
REF: S07918

Overview

Tenure:
Relocatable
Established:
2020
  • Excellent reputation
  • Loyal customer base
  • Huge growth opportunity
  • Low overhead costs
  • Strong supplier relationships

This is an exciting opportunity to acquire the UK’s first prize competition company to run fully automated draws.

Peak Prizes conducts its draws from its website which hosts an automated random prize wheel that is embedded onto the site’s ‘Live Draw’ page. This ensure all draws are held on-time, every time.

Additionally, the company livestreams its prize draws on both Instagram and Facebook. This is a useful tactic to increase engagement with the brand but also to offer complete transparency to customers, therefore giving them the confidence to take part in the prize draws. Exclusive offers, sales, discounts, and promotions are also offered by Peak Prizes on its ThePrizeFinder.com, a third-party site which serves as a directory of different competitions held across numerous sites.

Overall, this is a fantastic chance to take advantage of an acquisition in the growing online prize draw industry which offers huge potential to develop into a national brand.

The asking price offers great value as the buyer will receive a superb return on their investment. The current owners operate the website on a part-time basis, further emphasising the potential to be tapped into with this business.

Peak Prizes does not have any premises associated with it, and so the business’s sale is available on a fully relocatable basis. The buyer will have complete flexibility over how and where they conduct business operations, with the ability to choose premises according to their own requirements and preferences.

The business possesses a well-designed website which enables customer to easily browse the available prize draws, buy tickets, and monitor the number of tickets sold. It also has an engaging presence across Facebook, Twitter and Instagram, with a combined following of approximately 2,200.

Unfortunately, a transitional period is not available with this sale.

The ideal buyer for Peak Prizes is someone already operating in the online gaming, auction, and prize draw sectors. It would be the perfect acquisition to expand an existing company’s activity and strengthen its position in the industry.

The business offers plenty of scope for further growth. This could be unlocked by curating a series of national advertising campaigns which aim to raise greater awareness of the company amongst the UK population and ultimately generate a higher number of ticket purchases.

Furthermore, the vendors currently run Peak Prizes on a part-time basis, and so investing more time and energy into the business’s growth will reap significant rewards for the new owner/s.

Loading...
  • Relocatable
Rent
N/A
Rates
£0
Lease Term
N/A
Lease Expiry
0
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
This business does not require an EPC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

Refine

Miles
£
£
£
£
Timed popup