Established Virtual Reality Arcade in Prime Location, Frisco, TX

Opportunity to purchase established virtual reality arcade in a prime location in a major shopping center in Frisco, TX at the southwest corner of Lebanon Road and the North Dallas Tollway. Front door of the business is in direct view of a high volume , fast food double drive through window which is great free advertising. All state of the art equipment designed to provide kids and adults the highest quality virtual reality gaming experience in a family friendly atmosphere. Semi-absentee operated for only 6 hours a day. Location: Frisco, Texas Year Established: 2019 Number of Employees: 1 Real Estate: Leased Building Sq. Ft.: 884 Rent: $3,794.85 Per Month Lease Expiration: 10/31/2024 Facilities: Size: 884 square feet Security Deposit: $4,038 Lease expiration: 10/31/2024 Total monthly rent: $3,794.85 Base monthly rental: $2,789.77 Additional rent: $996.08 (tenant pro-rated share of common area maintenance, building insurance & real estate taxes all of which are adjusted annually) Website: www.xs-vr.com Market Outlook/ Competition: The virtual reality gaming industry is extremely popular in Europe and is slowly making its way to the states. Not loud like typical arcades, only real expense is rent - since product is virtual gaming, no real inventory. Prices per station are $44.99 for one hour and $24.99 for ½ hour. Can be booked for date nights, events, parties, and team building corporate events. Great location next to busy Chick fil-a double drive through, provides a type of free advertising. Sales not just retail traffic, but also Corporate events. Growth & Expansion: Virtual reality industry is growing and stronger than ever. The owners started the business with the intention of operating it absentee as it is such a low overhead operation but like everyone else did not predict the long term effect of the Covid pandemic which limited the corporate event piece of the business. All slowly coming back but both owners have additional responsibilities with existing full time jobs and families and need to divest of this business as soon as possible. Perfect time and opportunity for a marketing minded individual to pick this business up and take it to the next level.