Overview
Description
Overview
Project Atlantic provides a multitude of outsourced development services to the gaming industry, having specialised in creating production and pre-production visual and technical content.
The company currently provides development services to external developers, which generates its primary source of revenue.
Alongside this, the business is developing its own state-of-the-art game, which is set to offer the most realistic gaming experience on the market. Product development is well underway and backed by market research. The client has an outline of budget, a route-to-market strategy, and a release window.
The gaming market size is estimated at £193bn, and is expected to reach £296bn by 2028, providing an ideal platform for the company.
Our clients are now offering a 50%+ share sale in the business to facilitate the development of the company’s new product offering and growth of the outsourcing element.
Offers invited.
– Has established an excellent reputation within the gaming industry as an innovative developer.
– Developed strong relationships with prestigious gaming organisations.
– Consistently been in demand since its launch.
– Experienced and dedicated employees in place.
– Directors to remain post-sale to facilitate the ongoing and future success of the company.
– Offered as a fully relocatable opportunity.
– With investment, the company intends to immediately launch additional departments of equal, if not greater earning potential. This includes full animation support and additional programming services.
Financial Highlights
– Turnover of circa £1.4m in YE23 with an adjusted EBITDA of £536k in the same year.
– Projected turnover of £4.4m in YE27.
– In addition to the turnover projections above, which reflect growth in the Outsourcing revenue stream post-investment, our client anticipates product sales upwards of seven figures.
– In negotiations with a prestigious gaming organisation, which could lead to the business generating an additional £1m turnover per year.
Currently developing its own security infrastructure which will enable the company to take on more client work than previously possible and at a greater pace.
Has developed an asset register with a value of circa £45k.
Is this business relocatable:
Is stock included:
Listed By:
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