Do you want to start a VR business by buying a franchise? If YES, here are 10 best virtual reality franchise opportunities for sale and their cost.
Virtual reality (VR) is a term and technology that has gained so much attention in recent years. Although VR is a phrase most are familiar with, that ubiquity hasn’t translated into widespread use, despite some notable advancement to make it more accessible.
The good news is that those who have tried VR can attest to its potential. It just needs to be nurtured by those who believe in it. And though the stereotype might suggest otherwise, VR is just as much a business opportunity as it is a novelty for gamers.
VR is a term that likely conjures up images of teenagers donning an expensive pair of goggles to play arcade games, but its applications are vaster than that. Just as we transitioned from radio to television to the internet, VR is a medium where education, travel, and countless other fields will merge.
In almost all new platforms, the perception of VR as a young technology makes some consumers apprehensive about using it. A typical newcomer might chalk VR up as a passing fad, but it’s actually a technology that’s been in development since the 1960s.
Coupled with massive concerns about its newness, those who are slow to embrace VR also worry about the technology’s physical side effects, specifically motion sickness. It’s an issue worth raising, but only for poorly designed VR. With location-based VR experiences to track users’ arm and leg motions, the harmful effects are becoming less likely.
The ever – growing improvements to VR hardware since 2014 are making VR a lucrative prospect in the business world. The same way cell phones no longer cost thousands of dollars, manufacturers are selling VR hardware at affordable prices to expand its audience. It is very crucial to note that VR is still in its early stages of adoption, meaning that other new users are still unsure whether it’s here for the long haul.
Also note that no matter how confident and tech-savvy you are, you’re going to encounter a few squalls when adopting VR technology. VR isn’t going anywhere, but it still needs time before it’s perfected. You should also consider putting up a business plan because it will help you evaluate its long-term prospects. The main VR hardware manufacturers are taking a slow-burn approach to the market, putting the pressure on businesses to anticipate what comes next.
VR is a new goldmine on the block, relatively speaking, and it’s also ripe with business promise. Consider the following top franchises if you’re willing to invest in this industry.
10 Best Virtual Reality Franchise Opportunities for Sale and Their Cost
- Altair VR
With Altair Digitals, all you need to do is arrange with school authorities about a session then come to the school, distribute virtual reality headsets to children, press the button on your tablet, and start a synchronous planetarium session of amazing quality.
Collect your fees and you’re off to the next school! You have at your disposal the content of Moscow, Novosibirsk and other planetariums, dubbed into Russian and matched to the age of kids. The quality of a virtual planetarium session is several times better than mobile planetariums and many stationary ones.
- Franchise fee: $8,200
- Initial investment: $9,200.
- Anvio VR
With a Facebook rating of 4.8-5.0 stars; Trip Advisor rating of 4.5 stars; Google rating of 4.7 stars, Anvio VR is making gigantic steps and gaining huge footprints in the industry. According to the company website, it’s well established business processes, detailed instructions and support allow its partners to fully return all investments within 14-16 months.
Anvio is known to release at least 2 unique games per year, developing them in their own studio. Reports have it that most of Anvio’s partners open more than one location. The average opening time of the second location being 6 months from the first signed contract.
- Franchise Fee: $92,000
- Initial Investment: $97,000
TrueVRsystems Franchise Offer is unlike other franchise offerings. Instead of trying to fit a square peg in a round hole, this company will work with you to tailor a solution specific to your market. TrueVRsystem is a proprietary, customized VR entertainment platform which forms the center piece attraction for your VR Centre / Arcade business concept or an added profit center to your existing entertainment facility.
- Initial investment: $300,000
This company combines the latest VR hardware, movie quality real-time motion capture and AAA-quality content experiences to create the best VR experiences on the planet. It’s the perfect event for team building, corporate events, and parties.
Sandbox VR is the world’s first hyper reality VR franchise with untethered room-scale VR experiences, haptic technology, and exclusive content. Sandbox VR provides distinct retail locations and world class deployment and support for your business so you can guide guests and their friends to fantastic new worlds and “Escape Together.”
- Initial Investment: $497,500
- Liquid Cash Requirement: $250,000
- Total Investment: $497,500 – $700,500
- Ctrl V
Ctrl V offers premium, immersive virtual reality experiences using proprietary software, hardware, and other cutting-edge technology. Customers can rent virtual reality stations by the hour which can be used for gaming, training, education, software development, testing or other interactive experiences.
Known as North America’s first virtual reality arcade, it is currently the largest virtual reality arcade chain in the world. Ctrl V is an international brand with partnerships that span every required component of the franchise infrastructure to ensure a business model that breeds longevity and creates a runway for growth.
- Liquid Cash Requirement: $50,000
- Total Investment: $150,000 – $250,000
- Starscapes International
You can comfortably start a fun and exciting SPACE business today by ordering your StarScapes® Professional StarBiz “business in a box”. This franchise will totally amaze you, and you’ll be booking jobs before you even start the business. You can even get their deposits and have them pay for your business up front! Everything is included. No up sells, no franchise fees, no royalties.
- Initial Investment: $1,995
- Net-Worth: $1,995
- Total Investment: $1,995
With the modern world faced with accelerated urbanization, the massive boom of digital technologies and increased pressures in time and space; the game of golf, one of the world’s oldest sports – is hoping the change wagon. With over 10 years of research and development and 16 global patents, X-Golf simulators are the result of impressive engineering designed to re-create ball flight to within 98 percent accuracy and deliver insights on your game.
- Initial Investment: $400,000
- Net-Worth : $250,000
- Liquid Cash Requirement: $100,000
- Total Investment: $400,000 – $900,000
- ARENA SPACE
Renowned as a chain of amusement parks with AR/VR interactive technologies and projection techniques, arena Space provides a totally unique quality service with rich backgrounds, positive emotions, a large product range, modularity and efficiency, and a profit from every unit area. Arena Space was started at the end of 2015 as an idea of creating an ARENA VR integrational platform for full immersion in virtual reality.
The company was the first in Russia to develop the system. Three game scenes were successfully demonstrated in May 2016 at the Devgamm16 conference. In mid-2016, Arena Space was the first in Russia to establish virtual amusement mini parks, and in September, the Arena Space Park was opened at VDNH.
- Initial Investment: $3,350 – $17,650
- Total Investment: $26,800 – $200,000
Bolt launched its location in Bentonville, Arkansas in October 2015 and has seen a good amount of growth in the short time it has been open. Bolt is proud to introduce now a relatively new concept of fun and entertainment to the franchise world. This unit has become the cornerstone and business model for worldwide franchise development.
If you join the Bolt team, you have the choice of a new start- up business or you can convert your current escape room business to be under the Bolt umbrella. When you join the Bolt team, you will be given an exclusive territory of approximately 200,000 population center or a 15 – mile radius (whichever is less) to develop.
- Initial Investment: $46,000
- Total Investment: $46,000 – $110,933
- PanIQ Room
With more than a hundred locations now, live escape games have become the number one tourist attraction of the Hungarian capital. The first PanIQ Room opened its doors in March 2012 in Hungary, and it belongs to some of the first escape rooms in the world.
Venturing into the US market in 2014, PanIQ Room Hollywood opened one of the first escape room venues in the US with two themes. After the great success and feedback, PanIQ Room expanded quickly to San Francisco, Miami, Phoenix, Chicago and Washington DC.
- Initial Investment: $164,900
- Liquid Cash Requirement: $24,900
- Total Investment: $164,900 – $264,900
VR is a unique market waiting for a visionary to bring it to fruition. You just have to decide if you will be the one to do it and how you want to.