Rapidly Growing Online Raffle Business Specialising in Performance Cars and Motorsport Prizes
- Excellent reputation
- Loyal customer base
- Huge growth opportunity
- Low overhead costs
- Friendly, professional team of staff
This is an exciting opportunity to purchase an online giveaway and raffle business which specialises in offering a range of track and performance cars, experience days, and vehicle accessories. The business is not fulfilling its full potential as it only hosts one competition at a time, and so by increasing the competition prizes at any one time, the buyer can immediately grow the business.
Only established in 2020 but operating in a high-growth industry, the business has been greeted with immediate success and strong expansion, already demonstrating healthy profits so far. Customers can purchase tickets to win the fantastic prizes for as little as £1.99, assured that only a limited number of tickets are available. The company offers complete transparency by displaying the running total of tickets sold and hosting live draws on its popular Facebook page. The superior level of honesty, friendly service, and premium prizes has helped the business to quickly develop an outstanding reputation.
This is an acquisition which is bursting with future growth potential as it is currently run by two directors who can only work on the business on a part-time basis due to their other enterprise commitments.
This business is presently run by the owners in London, but its sale does not come with any fixed premises, therefore making the company fully relocatable for the buyer and giving them complete flexibility over how and where they conduct business operations.
The company operates from a sleek, immaculately presented website which clearly outlines the raffle process, previous live draws, and CTAs to purchase tickets for current competitions. This is complemented by its active Facebook channel which broadcasts the business’s live draws to an engaged following of more than 6,800.
The possibility of a transitional period is yet to be determined.
The ideal buyer for this business would be a car enthusiast who wants to use their knowledge and passion for cars in not only an entrepreneurial setting by choosing popular vehicles, but also to transform people’s lives by giving them the chance to access fantastic, top quality motoring.
The key method for growing the company further is to dedicate more time into running the business by hosting multiple competitions simultaneously. For example, by having 3 vehicles on the competition listings at once. The buyer could enhance this by running the raffles for a reduced period of time, to increase the pressure to purchase tickets. This would be an effective tactic to increase ticket sales and consequent profit levels, as the business currently only hosts one competition at a time for an average duration of 2 weeks.
The company would also likely benefit from investing more time and money into social media advertising to further boost its customer base.