Start-Up Luxury Prizes Raffle & Competition Site

Sheffield, Sheffield
REF: S08072

Asking Price:
£48,000
Annual Turnover:
TBC
Annual Net Profit:
TBC
REF: S08072

Overview

Tenure:
Relocatable
Established:
2020
  • Excellent reputation
  • Loyal customer base
  • Huge potential for growth
  • Equipment included
  • Low overhead costs

The business for sale is a start-up raffle and competition site, which offers a wide variety of luxury prizes, including holidays, high-end cars, cash jackpots, and much more. The team prioritise providing customers with a trustworthy, secure, and exciting platform. All the competitions are fixed odds and guaranteed draws, which means customers always know where they stand.

The current owners ran the website for about a month as a test run, but the site has not been officially launched yet. Therefore, there is huge potential for growth with this business, as the new owner will have the opportunity to continue the excellent work already completed. Despite the company’s short test run, the site has already gained an excellent reputation and a loyal customer base in the sector.

The current owners have invested a lot of time and money into the business, including building a professional website, paying influencers for written and video endorsements, and setting up the successful social media channels. With low overhead costs and all assets included, this would be the ideal opportunity for a raffle aficionado or someone looking to enter the raffle market but doesn’t have the time, money, or resources to set it up.

This business has the option to be either home or office-based and is fully relocatable, which should give the new owner a great deal of flexibility over their work location.

All assets will transfer over with the business sale, including 2 raffle ball machines, the successful website (which cost £8k), the Facebook page with 1,500 followers, the Instagram page with 23,000 followers, endorsements from influencers with videos and testimonials available (which cost in excess of £15k), payment processing (the set-up cost £2k), the company bank account, and much more.

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

This would be the ideal opportunity for a raffle aficionado or someone who is looking to start a raffle company but doesn’t want to spend time, money, and resources developing it.

There is huge potential for growth with this business, as the site still needs to be officially launched and managed.

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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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