Reputable & Relocatable Start-Up Raffle Competition Site

Burley, Leeds
REF: S08030

Asking Price:
£25,000
Annual Turnover:
TBC
Annual Net Profit:
TBC
REF: S08030

Overview

Tenure:
Relocatable
Established:
2020
  • Excellent reputation
  • Loyal customer base
  • Huge potential for growth
  • Low overhead costs
  • Wide variety of services

The business for sale is a reputable start-up unique raffle competition site, which is currently based in Leeds but is fully relocatable. The directors spent 6 months building a custom-coded website that offers an entirely new experience in this rapidly growing industry. After this, the company has been operating steadily since November 2020 and has garnered a loyal customer base and an excellent reputation in the sector.

The company uses a virtual currency of Plug Tokens, this allows customers to top up to their account and redeem Tokens against future competitions. The more they spend, the more Plug Tokens they receive. The site has already run 35 successful competitions and has amassed 99 5-star reviews on Trustpilot dating back to May 2020. The business even has an amazing 42% client retention rate, which is a testament to the company’s fantastic reputation.

The current owners have spent around £22,000 on building and marketing the site, which means there will be an almost instant return on investment for the new owner.

The company’s bespoke website and large social media following will even be included in the business sale, meaning the new owner can get to work straight away. With low overhead costs and huge potential for growth, this fantastic business would be the perfect opportunity for someone looking to enter the raffle competition market with a platform carefully and meticulously designed to disrupt.

The business is currently run from an office in Leeds, but this company is fully relocatable. The new owner should have a great deal of flexibility over their work location.

The website, social media pages, and the database of registered clients will all be included in the business sale, which should help ensure that the new owner continues to attract a high volume of trade.

The current owners are happy to stay for the initial transitional period following the business takeover.

This is the ideal opportunity for someone who is looking for a new business venture or for someone who is interested in entering the raffle competition market.

There is huge potential for growth with this business for someone who has further time and energy to invest in the company. Increasing the marketing budget, advancing the company’s social media presence, and expanding the product lines could all be great ways to attract more clients.

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  • Relocatable
  • Home-based
  • Office based
Rent
N/A
Rates
TBC
Lease Term
N/A
Lease Expiry
N/A
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

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