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An Existing Lottery Business
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Form:Sale established business
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Activity:Running
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NGN1 357 146
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NGN3 053 578
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Payback period (years):1.6
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Established in:2021 (business age in years 3)
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Employees:3
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Type:Owner
NG280300
Relevance check: 07.09.2023
Business description
Title: Selling a Lottery Business
Brief description:
eLottery is a well-established online platform operating in the Hobbies and Games industry. With its uniquely designed Services/Agency business model, the platform offers users the opportunity to participate in various lottery games, providing a convenient and exciting gaming experience. Since its establishment in 2021, eLottery has quickly gained momentum in the market and has generated an impressive annual revenue.
The distinguishing feature of eLottery is in its exceptional profit margin of 56%, showcasing its high profitability and efficient operational processes. This remarkable revenue-to-profit ratio demonstrates the platform's ability to effectively monetize the lottery gaming industry. The platform's user-friendly interface and secure payment systems have attracted a loyal customer base, further contributing to its success.
Despite being relatively new, eLottery has achieved a commendable Domain Authority of 8. This metric signifies the website's strong online presence, which plays a crucial role in attracting organic traffic and potential customers. With its solid foundation and exceptional financial performance, eLottery is a lucrative investment opportunity in the ever-growing online gaming industry.
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Business Features:
- With tangible assets
- Chain
- Franchise
- Online only
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Units:Operating business, Staff, Tangible assets, Intangible assets, Other assets, Training and support
Geography and location
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City:
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District/metro:Lagos Mainland
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Location characteristics:
- In the administrative and business building
- In the administrative centre
- In the business centre
Transaction terms
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Price:NGN59 900 000
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Timeframe for the deal:Deal is possible from 09 July 2023
Financial information
Monthly averages:
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Cash Flow (per month):NGN3 053 578
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Revenue (per month):NGN1 357 146
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NGN4 071 437
Ratio:
Corporate issues
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Legal form:Private company
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Number of owners:2
- Joint (or family) property
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Share for sale:Entire
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Reason for selling:Relocation
Staff
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Number of employees:3
Characteristics of tangible assets
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Appraised value:NGN8 142 874
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Tangible assets and working capital included in the asking price:
Characteristics of other assets
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Misc. property in ownership:Terminals and sales Materials.
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Appraised value
(included in the asking price):NGN12 214 311
Training and support
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Help and support that seller is ready to provide:
- Training and consultations
- Primary training
- Startup training
Additional information
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Competition in the market:Baba Ijebu, Golden Chance.
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Working hours:8
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