Web portal, POS and mobile apps are transferable to any remote servers and app store / play store accounts.
Trademarks and Logos are also transferable.
Transaction terms
Price:
NGN560 000 000 - NGN840 000 000
Deposit (payment in advance):
70%
Commission fee:
5% from the buyer
Timeframe for the deal:
Deal is possible until 01 December 2020
Payment concessions:
Other concession payment
At most 50% in Stocks, Bonds, Property in Nigeria (Lagos, Abuja, Port Harcourt), London, New York, Texas, Paris, Dubai.
Corporate issues
Number of owners:
2
Joint (or family) property
Share for sale:
90 %
Reason for selling:
Created for sale (from the manufacturer, property developer)
Characteristics of intangible assets
Appraised value: (included in the asking price)
NGN156 127 096 811
Licenses
Certificates
Customer database
Software
Additional description:
Termed Contracts.
Additional information
Competition in the market:
There are 4 major competitors. Most businesses in this category are themselves threats to the clients they take on, as they operate in the sector. They do not have robust & expandable systems.
- Mars Leisure (biggest competitor but pools only in West Africa)
- Lot Grand
- Independent Operators (biggest opportunity to business)
- Independent Developers (biggest threat to business)
Business growth potential:
Growth potential of up to 20% YoY
Client base can grow to 108 members of independent pools promoters and lotto operators.
Revenues can grow up to $1 m annually, by 2022.
Working hours:
24/7
Other important information:
Hands free management by business owner
Self manage portal available for pools promoters and lotto operators
Minimal technical support required.