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An online lotto & pools aggregation platform

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NGN440 000 000 - NGN660 000 000  
  • Form: 
    Sale established business
  • Activity:
    Running
  • Type: 
    Owner
NG998394
04.09.2020 at 00:00   Relevance check: 09.04.2020
General Geography and location

Business description

An online lotto & pools aggregation platform
- Currently has 8 paying clients
- Has potential of growing to over 100 clients
-

  • Units:
    Operating business, Intangible assets

Geography and location

  • City:
    Ibadan
  • District/metro:
    Oluyole
  • 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:
    NGN440 000 000 - NGN660 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)
    NGN122 114 265 304
    • 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.

Contact the seller

Please be as specific as possible. The seller usually wants to know:
- How do you intend to purchase the business or asset?
- What is your time frame for the purchase?
- What is your experience?

Seller's contacts

  • Type:
    Owner
Add to favorites Complain Print
View other listings

Contact the seller

Please be as specific as possible. The seller usually wants to know:
- How do you intend to purchase the business or asset?
- What is your time frame for the purchase?
- What is your experience?

Seller's contacts


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