Nov 15, 2019 — An established and turnkey executive suite provider is available for sale! In business for over 30 years, the highly profitable business nets the absentee owner $121,000 per year; a working owner could net $195,000! Current ownership works a total of 1-2 hours per week and visits the business 2-3 times per month. The business has a demonstrated track record of high occupancy and low customer concentration.
Located in a large and beautiful building in a prime Middlesex County location, this business sublets over 40 individual offices and boasts numerous amenities including a very large reception area, a kitchen/lounge, ample covered parking, an interior conference room complete with a video conference system and much more. All offices are fully furnished; all furniture, fixtures and equipment (FF&E) are included in the asking price. Subtenant rent increases on a schedule which allows for revenue growth not subject to negotiations.
A variety of small businesses and independent consultants rent one or more executive suites; contracts are in place and occupancy is near capacity.
Opportunities exist to grow the virtual office business which would bring in additional income without many additional incurred expenses. A new owner could choose to add square footage allowing for an increased number of subtenants. The full-time employees are aware of the sale and would like to stay on for a new owner.