No photo available
This well-known shared workspace business has been a success since launched 11 years ago. Lender pre-qualified with 15% down, LOAN INCLUDES $50K WORKING CAPITAL. Business leases 10,000+ SF of prime retail space which is divided into 50+ fully built out business suites. Sublessees sign 1–3-year leases & operate their own enterprise while given 24/7 access to their business & freedom to customize their suite to their taste. Historic occupancy has been 90%-100%, owner sometimes works on a wait list. This shared contemporary workspace concept offers entrepreneurs the chance to “be their own boss” without the initial buildout investment & typical overhead i.e. utilities, water, wi-fi which are inc. in their rent. Owner estimates no more than 4 workdays/month to operate this passive investment business. No employees, inventory, or A/R as rents are ACH collected in advance. A proven operational model which Buyer could leverage to build additional centers or franchise the concept. Tax Return supported business. Buyer prospect must provide PFS before disclosure. Please refer to listing #0101864628 when inquiring.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.