Return to broker profile

Online Sports Wagering Service – Home Based w/Huge Growth Potential!

Los Angeles, CA (Los Angeles County)

General image
Contact Seller

Asking Price: $57,000

Cash Flow: $30,598

Gross Revenue: $53,960

EBITDA: $30,598

FF&E: N/A

Inventory: N/A

Established: 2013

Online Sports Wagering Service – Home Based w/Huge Growth Potential!

Save Print Share Valuation Report

Business Description

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.

Detailed Information

Location:
Los Angeles, CA
Facilities:
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:
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.
Growth & Expansion:
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)) while technology has dramatically simplified the customer’s ability to gamble in several ways. As a result, the industry appears to be poised to continue to grow.
Support & Training:
Training: 2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
Contact Seller

Contact the Seller

Contact Seller Loading

Robert Rodriguez

Business Listed By:
Robert Rodriguez

The Veld Group

Show Phone Number

View My Listings


Sponsoring Broker:
Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1625823 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Sculpture Hospitality

Franchise Opportunity
Capital Required: $39,900