SaaS United States verified NEW

Virtual reality training solutions for businesses and educational institutions to improve workforce skills

Asking price
$2.1M
Profit multiple
3.3×
Revenue
$1,289,675
Profit
$644,128
Growth
10%
Churn
3-5%
Customers
1,000-5,000

Description

This startup offers innovative virtual reality training solutions designed for businesses and educational institutions. The platform helps to enhance operational skills by providing immersive real-world experiences that can significantly reduce training time and increase efficiency. By simulating real operational environments, it allows trainees to learn and practice safely without the risk of real-world consequences. Suitable for industries such as manufacturing and education, the solutions are flexible, customizable, and focus on delivering real, measurable improvements in workforce development.

Tech stack

REAL-Forklift® Simulator Platform – Proprietary VR simulation combining physical forklift controls, safety logic, and immersive environments. Mobile and Web Apps – For trainer dashboards, session tracking, and performance monitoring. Remote Connect Module – Enables live, instructor-led sessions from any location. Hardware & Firmware IP – Fully owned and included in sale, with modular design for portability. Cloud-Based Backend – Secure data management and reporting infrastructure

Business model

The business operates on a hybrid B2B/B2C SaaS and hardware sales model, monetizing through direct hardware sales, software licensing, and subscription rentals. Revenue Streams: Education Licenses – Lifetime institutional licenses (~$40K per site). Commercial Licenses – Hardware ($17K per simulator; ~$7K cost) + annual software ($8.5K). SaaS Rental Model – $1,000–$1,500 per month per unit (“REAL-Forklift-as-a-Service”). Maintenance Revenue – Optional annual maintenance (~$300 per client).

Growth opportunity

Commercial Expansion – Extend beyond education into logistics, warehousing, and staffing firms. State-Level Rollouts – Proven success in Georgia and Alabama; 48 other states open for replication. International Growth – Early traction in Canada (Adecco & Alberta Safety Council) and EU prospects. New Simulation Modules – Expand to related industrial training (pallet jacks, warehouse safety). Channel Development – Partner with value-added resellers and educational distributors. These growth paths position the business for multi-million-dollar scaling potential under an acquirer with sales or government contract infrastructure

Competitors

Forklift-Simulator SimLog CAT Simulators

Highlights

Trademarks Copyright Patents Mobile application Intellectual property