Game truck business for sale - Here is what we know!
The game truck industry is not very new, but it is also not very old. It gained popularity after brothers Stuart and David Pikoff's company Games2U appeared on Shark Tank in 2011. Although they didn't receive an offer, their business took off. According to the Shark Tank blog, the company has over 140 franchises and generates $9 million in revenue yearly. Not bad, huh?
Games2u is a brand of mobile video game theater that provides video game parties and events for children, teens, and adults. It was founded in 2007 and began franchising in 2009. The company specializes in bringing a state-of-the-art, climate-controlled mobile video game theater to the customer's location of choice, and offers a wide range of games and systems. It operates in many countries around the world and It's a franchise business model.
Should you launch or purchase a game truck business for sale in 2023? To assist you in making a better choice, let's explore how this business operates but before we do I highly recommend you register as a buyer, by doing so you'll get notified as soon as a game truck business is up for sale and other routes for sale become available in your area.
Q1: What is a game truck business for sale?
Over the past decade, game trucks have become increasingly popular. Game trucks are enclosed trailers decked with various gaming systems, arcades, and other awesome games that can be enjoyed by everyone of all ages. If you're interested in starting your own business and love video games, then buying a game truck business for sale can be exactly what you're looking for. This on-the-go gaming experience provides kids and adults alike with hours of fun during birthdays or other events. Once they book an event with you, they’ll get to play all types of video games while listening to music and enjoying refreshments.
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Q2: Are game trucks profitable?
Game trucks are profitable if you build and use them for a small business. A game truck owner can make up to $10,000 a month for each trailer they own. This looks like a good venture if you expect to reach profitability quicker and get a return on your investment within the first year. Game trucks generate income when events are booked and completed. If you want your business to be successful, then you will need to book a couple of events on the weekends. The fees you charge your customers will depend on the type of events you offer them. Prices are reflective of the various trailers provided to your customers. The average charge for game trucks is usually $250-$475 per event.
Q3: How much does it cost to make a game truck trailer?
When investing in a Video game truck business for sale, you have two options. The first one would be to purchase a game truck franchise. This means you would be purchasing a game truck that is already ready and you would have to pay for the franchise fee and initial investment fees. The earnings and profits you make from your franchise will depend on the size of your investment, the number of locations you purchase, demand for your service, costs of labor, and commercial lease rates among other variables.
The second option is buying a startup game truck business. The cost of this can range anywhere between $5,000-$20,000 depending on the size and design of your trailer. A successful trailer should include things like climate control (to keep your customers cool in the summer and warm in the cold), a premium surround sound audio system, comfortable seating, and an attractive lighting ambiance that will give your customers the full game-user experience.
Q4: Who uses game trucks?
If you are buying a game truck business for sale thinking only kids will enjoy it you are wrong my friend! -A game truck is not just for kids; it is an entertainment option that appeals to people of all ages. While children may be the most frequent users of game trucks, there is no age limit when it comes to enjoying the immersive gaming experience they offer. Game trucks can be utilized by a wide range of individuals and organizations for various purposes.
One potential market for game trucks is corporate events such as company picnics. Many businesses organize outings or team-building activities for their employees, and a game truck can add a fun and interactive element to such events. It provides an opportunity for colleagues to bond over friendly competition and enjoy gaming together.
Furthermore, game trucks can be a valuable asset at fundraising events. Non-profit organizations often host fundraising initiatives to support their causes, and a game truck can be a unique attraction that draws in participants and encourages donations. By incorporating gaming into the event, organizations can engage attendees and create a lively atmosphere.
Street festivals are another setting where game trucks can make a significant impact. These community events often feature various forms of entertainment, and a game truck can contribute to the festivities by offering an exciting gaming experience for people of all ages. Whether it's a casual gamer looking for some quick fun or a dedicated enthusiast seeking a competitive challenge, game trucks can cater to a wide range of preferences.
Educational institutions can also make use of game trucks for school trips or carnivals. These events provide students with a break from their routine and an opportunity to engage in recreational activities. Game trucks can offer a unique and enjoyable experience, allowing students to unwind and have fun while still promoting teamwork and social interaction.
Game trucks are also popular choices for private celebrations such as family reunions, birthday parties, and graduation parties. Regardless of the age group, gaming can be a shared activity that brings people together. Whether it's creating lasting memories with family members, celebrating milestones with friends, or simply enjoying a special day, game trucks can enhance the overall experience.
Finally, contests and tournaments can be organized using game trucks. These events can range from casual competitions among friends to more formal gaming tournaments. Game trucks provide a convenient and mobile platform for hosting such events, offering participants the opportunity to showcase their skills and compete in a dynamic and engaging environment.
In summary, game trucks have a broad appeal and can be utilized by various individuals and organizations. From corporate events to fundraising initiatives, street festivals school trips, and private celebrations to competitive gaming events, game trucks offer an inclusive and entertaining experience for people of all ages.
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Q4: What comes with a Video game truck business for sale?
When people enter your game truck, the goal is for them to be amazed by the whole experience and to leave as satisfied customers. For this to happen, you need to get your trailer packed with plenty of equipment for all types of gamers (TVs, monitors, consoles), a diverse library of video games, and gaming accessories (wireless controllers, chargers, headsets, etc) to accommodate the different game consoles installed in your video game theater. Also, adding a mini-fridge, a soda fountain, or wall shelving for some sweet snacks can bring in some extra cash for your business. Scoring a game truck business for sale can be both profitable and fun, so invest in one today and take control of your life!
Q5: How to start a game truck business?
Starting a game truck business involves several steps:
Research the market: Determine the demand for game truck services in your area and research the competition.
Develop a business plan: Outline your target market, projected revenue, and expenses.
Obtain financing: Consider taking out a small business loan or seeking investors to help fund your business.
Purchase or lease a truck: Acquire a large vehicle, such as a box truck or trailer, that can be outfitted with video game systems and other equipment.
Install equipment and decorations: Install gaming systems, TVs, and sound systems, and decorate the truck to make it appealing to customers.
Obtain necessary permits and insurance: Ensure that your business is in compliance with local laws and regulations and that you have the proper insurance coverage.
Market your business: Develop a marketing strategy to promote your game truck business to potential customers.
Start your operation: Once your truck is ready, start scheduling and hosting events.
It is important to note that starting a business can be challenging and time-consuming, but with proper planning and execution, it can be a fulfilling and profitable venture.
Disclaimer: The information provided in this article is for general informational purposes only and should not be considered legal advice. The laws and regulations regarding business licenses may vary from state to state and are subject to change. It is important to contact your local state office to determine which licenses are required for any specific businesses. Additionally, please note that this article contains affiliate links and we may earn a commission from our affiliate partners or Amazon links. If you are considering starting a business, it is recommended that you seek the advice of a qualified lawyer, business broker, or professional in your area. The information provided in this article is not a substitute for professional advice and should not be relied upon as such.
Facts & Questions
Should you ask for a non-compete agreement when buying a video game truck business?
When considering the purchase of a game truck business for sale, it may be prudent to inquire about a non-compete agreement as part of the transaction. A non-compete agreement is a legal document that restricts the seller from engaging in competing activities within a specified geographic area and time frame after the sale. This measure is crucial for protecting the unique strategies, customer relationships, and operational methods that contribute to the success of the game truck business. It helps safeguard these aspects by preventing the seller from starting a similar business in the same location, thereby ensuring a smooth transition for the buyer and preserving the positive reputation and customer goodwill associated with the business.
Moreover, a non-compete agreement enhances the overall value of the game truck business. Prospective buyers are likely to view such an agreement positively, as it minimizes the risk of competition from the seller and strengthens the buyer's position in the market. Negotiations regarding the terms of the non-compete clause, including scope, duration, and geographical limits, should be conducted transparently between the parties involved. Consulting with legal professionals experienced in business transactions is advisable to ensure that the agreement is well-drafted, fair, and legally enforceable, aligning with local laws and regulations.
What red flags to look at when buying a Video game truck business for sale?
When contemplating the acquisition of a gaming truck business for , it's paramount to be vigilant and identify potential red flags for a prudent investment. Firstly, a meticulous examination of the physical condition of the gaming truck and its equipment is crucial. This involves a thorough inspection for wear and tear, verification of gaming console functionality, and assessing the need for any repairs or upgrades. Financial due diligence is equally important, encompassing a comprehensive review of the business's financial records to identify any irregularities and ensure stability. Additionally, scrutinizing the online presence, customer reviews, and evaluating the business's licensing, compliance, and market competition provide valuable insights into its reputation and standing within the industry.
Moreover, attention should be directed towards the operational aspects and future prospects of the gaming truck business. This includes investigating employee and supplier relationships, ensuring technology is up to date, reviewing contractual agreements, and understanding the owner's involvement post-sale. An integral part of this scrutiny involves inspecting the online presence of the business, including customer reviews on various platforms, the condition and relevance of its website, and any active social media accounts. Additionally, clarification on the transfer of the business phone number is crucial for seamless communication and customer retention during the transition. A strategic analysis of potential growth opportunities within the gaming industry and the adaptability of the business to emerging trends is essential. Engaging professionals such as business brokers, accountants, and legal advisors can enhance the due diligence process, offering valuable expertise in navigating the complexities of business acquisitions. Thorough scrutiny across these areas helps mitigate risks and supports an informed decision-making process when entering the gaming truck business market.
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