Business Overview
- Company with a mobile application for booking locations for sports (tennis courts, gymnasiums, recreational sports centers).
- The app recently went live on multiple app stores. Our complete efforts right now are on adding sports location listings to the application as we have none at the moment.
- Complete in-house development of the application.
- Users will book the activity through our application and we will charge a 20% commission on the total amount from the sports business.
- Our aim, is a planned market size of 300 locations within the first year.
- The UAE market today stands at 1,000 locations.
- The business has 4 shareholders with a shareholding pattern of 5%, 10%, 1%, and 84% respectively.
- Business does not have any loans.
Products & Services Overview
- Marketing platform for all the sports business owners in the country.
- Contactless & remote listing for the businesses without the need to visit all of them.
- Non-discounted price listings to keep the value high for the businesses while providing discounts to users who only have discount cards.
- Users can book and pay online for their favorite sports out of 35+ sports in the market.
Capitalization Overview
Funded by the promoter, the business has three shareholders, the promoter owns 94% of the shares and the remaining is split equally amongst the two.
Assets Overview
The business owns intangible assets, they include the mobile application and the trade license.
The mobile application and other intangibles are valued at AED 1 million as per our recent round of funding.
Full Sale
Asking Price:
USD
68 thousand
(Native Currency: AED 250,000)
Reason: The promoter is out of funds to run this.
Interested to connect with advisors
In talks with 3 Investors