Listing ID: 73810
This professional coworking business center is totally complete and in full operation with rent abatement in place. The seller/operator has totally remodeled the space with elegantly furnished executive suites and virtual rooms. Revenue is derived from three income streams: executive suites, virtual offices, and ancillary services. If you are interested in a low overhead passive income model you must inquire.
The traditional office space is changing in this national and global economy. This attractive business model provides its members a professional workspace, executive services, meeting rooms, facility amenities, and ancillary services. Today’s market calls for mobility, flexibility, collaborative spaces with all the inclusive services; a professional lobby with a welcoming staff, live answering concierge service with your own dedicated phone, high speed reliable and secure internet services, furnished office suites professionally decorated, conference room and board rooms equipped with the latest technology, access to copiers, faxes and delivery/shipping services, client lounge, exercise facilities, janitorial services and much more.
This business center is strategically located in the business district and civic metro area with easy access to the airport, restaurants, and other local attractions. The class A office building creates a sophisticated and successful image.
Full Buyer Profile and NDA required for more details.
- Asking Price: $1,196,000
- Cash Flow: $231,018
- Gross Revenue: $444,474
- EBITDA: N/A
- FF&E: $235,948
- Inventory: N/A
- Inventory Included: N/A
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:8,792
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The company was started in 2005, making the business 17 years old.
The business has 1 employees and resides in a building with estimated square footage of 8,792 sq ft.
The real estate is leased by the business for $14,287 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. However, the genuine factor and the one they say to you may be 2 entirely different things. For instance, they may state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, recent reduction in earnings, or a variety of various other factors. This is why it is extremely vital that you not count completely on a seller's word, but rather, use the seller's response together with your general due diligence. This will paint a more realistic image of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans with the purpose of covering things such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that profit margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be fulfilled or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in brand-new clients? Often times, operating businesses have repeat customers, which form the core of their day-to-day profits. Certain variables such as new competitors sprouting up around the location, roadway building, as well as personnel turn over can influence repeat consumers and adversely impact future revenues. One vital point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business often, the higher the chance to construct a returning client base. A last thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood average household income impact future income potential?