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Details - Information last confirmed on June 4, 2021
This well-know shared workspace business has been a success since launched 10 years ago. Lender pre-qualified with 15% down. 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, WiFi which are included in their rent. Owner estimates no more than 4 workdays/month to operate this passive investment business. No employees, inventory, or AR 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.
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