Business Start Date: 2017

Business Location: Georgia, USA

Business Valuation: Open to Offers - Bidding Deadline 1/31/2025

Employee Number (Inc. Owners): 2

Business Model: B2C/B2B SaaS, Hardware Manufacturer

Industry: Education, Virtual Reality

Percentage Being Sold: 100%

Sales (TTM): $933,162.33

Net Profit (TTM SDE): $608,289.74

Business Multiple (TTM Revenue): 2.3x

Business Multiple (TTM EBITDA): 3.52x

Social Media Followers: 1000+

Paying Clients (TTM): ~50

Traffic (TTM): 98K+ Active Users | 174K+ Views

Tag Line: 8+ Y/O Virtual Reality Training and Workplace Development Platform

Executive Summary

The business is a U.S.-based virtual reality training company specializing in immersive forklift simulation for workforce development, education, and industrial safety programs. Founded in 2017, the company has built a tested and widely deployed simulation platform designed to help institutions train, validate, and improve forklift operator performance in safe, scalable, and cost-effective environments.

With deep traction in the education sector and growing adoption among commercial clients, the business has achieved 85% gross margins on educational licenses, a lean cost structure, and nearly $1M in recent annual revenue with strong profitability. The company is now positioned for rapid commercial expansion and multi-state rollout in the public sector.

Company Overview

Headquarters: Savannah, GA

Founded: October 2017

Ownership Available: Up to 100%

Valuation: $2,142,000

Sale Type: Asset sale

Post-Sale Support: 6 months

The business designs and sells high-fidelity VR forklift simulators and associated SaaS software, supporting both educational and commercial use cases. The company operates out of a 1,500 sqft office and a 600 sqft warehouse and is currently run by a two-person team with proven systems in place for production, deployment, and customer support.

Product Overview

Product 1

A full-seat VR simulator combining proprietary software with physical forklift controls, safety systems, and immersive virtual environments. Targeted at schools, agencies, and workforce centers.

Product 2

A compact version suitable for field deployment, portable training teams, and smaller lab setups.

Web & iOS App

Allows trainers to manage users, track performance, assign scenarios, and monitor sessions remotely in real time.

Remote Connect

Live trainer connectivity offering a Zoom-like ride-along experience with trainees in simulation sessions.

Revenue Model

The business generates revenue through simulator hardware sales and associated software licenses.

• Education Licensing: One-time lifetime license (~$40K per site)

• Commercial Licensing:

• Hardware: $17K (built at ~$7K cost incl. labor)

• Annual Software License: $8.5K

• Maintenance: <$300/year

• SaaS Rental Model (Real-Forklift-as-a-Service): $1,000–$1,500/month

• TTM Sales: $933K

• TTM Net Profit (SDE): $608,289.74

• Customers (TTM): ~50

There is no current spend on paid marketing or advertising. All growth is driven through organic discovery, direct outreach, and RFP targeting.

Customer Base & Traction

Primary Verticals

• Career and Technical Education (CTE): High schools and colleges

• Workforce Development: Government agencies and rehabilitation programs

• Commercial: Logistics firms, manufacturers, staffing providers

Key Contracts & Milestones

• Deployed across the Technical College System of Georgia

• Selected by Georgia QuickStart (state training agency for Hyundai Metaplant)

• Expansion in Alabama via West Alabama Works with 20 units installed and 17 more committed for 2026

• Initial deployments with major commercial clients including Tesla, Pepsi, Adecco, and GE Appliances

Upcoming Expansion Pipeline

Targeted expansion in Mississippi, Canada (Adecco Canada & Alberta Safety Council), and prospects including General Motors, Gulfstream, Atlanta Public Schools, and more

Competitive Positioning

Market Segment

• Virtual reality-based workforce development and training

• Industrial simulation and certification platforms

• Key Competitors

• Forklift-Simulator

• SimLog

• CAT Simulators

• CM Labs

Differentiators

• Fully mobile and easy-to-deploy hardware (vs. forklift-lifted or professionally installed competitors)

• Integrated trainer dashboard with remote live session capabilities

• Self-guided software with real-time feedback and low instructor overhead

• Dual-mode VR and screen-based switching

• Best-in-class VR comfort and setup flexibility

• Lower capital costs per unit and lower support burden per install

Operations & Team

The business operates with a lean two-person team:

Founder 1: Oversees software, hardware assembly, fulfillment, troubleshooting, operations, and accounting

Founder 2: Handles sales, customer success, marketing, and inbound support

Most clients are able to self-manage via the app. Production, onboarding, and support are documented and repeatable. The business has successfully scaled using part-time help and contract support in the past.

Financial Highlights

TTM Revenue: $933,000

TTM Net Profit (SDE): $615,602.76

Add-backs: $307,500 - owners' salaries and payroll expenses; $13,000 - contracting

Margin on Educational Sales: ~85%

CAC: Effectively $0 (no paid ads)

Churn: Minimal, due to lifetime education licenses

Peak Season: Q1 (Education grant funding cycle)

Slowest Quarter: Q3

Strategic Growth Opportunities

Commercial Expansion: Current commercial accounts are minimal but untapped; growing demand among logistics and staffing firms

State-Level Replication: Following Georgia and Alabama, 48 other states remain open for public-sector expansion

International Growth: Early traction in Canada can expand to UK/EU workforce markets

New Training Modules: Existing platform can be extended to additional industrial simulations (pallet jacks, warehouse safety, etc.)

Channel Development: Opportunity to scale sales through VARs, education distributors, and public-sector RFP specialists

Assets Included in Sale

• All IP (hardware, firmware, software, app)

• Web and mobile platforms

• Backend tools and cloud infrastructure credentials

• ~$50K in hardware inventory

• Customer database and active sales pipeline

• Full training materials, documentation, and transition support

Deal Terms

Valuation: $2,142,000

Ownership Available: Up to 100%

Transaction Type: Asset sale

Post-Sale Support: 6 months

Restrictions: None

Reason for Sale: Founders have bootstrapped the company and reached scale limits; seeking capital-backed acquirer to expand commercial footprint and replicate state-level growth.