Listing Number: 76931-949810
Unique opportunity to acquire an amazing co-working space business with two locations. The very first location was built from ground up in 2015 and is located in “Northwest Houston.” The second location was built in June of 2017 and is located in North Houston.
The owner spent countless hours to strategically put together a well-thought-out business plan before executing his plans of building the perfect co-working space in Houston. He can confidently say that you cannot find a co-working space in Houston that compares. Unlike ordinary co-workspaces, the seller of these two locations wanted to build a modernized, inviting, playful but at the same time professional work space. Location was also very well-thought out, as you cannot easily replicate this concept while attaining attractive lease terms in these areas.
With his brilliant business plan, the owner of this business has seen tremendous success and growth over the years, with revenues doubling the first three years. This business focuses on a membership-based model but there are several streams of revenue that help generate a good profit.
This is a great opportunity for an investor who is looking for an absentee or semi-absentee business as the owner invests very little time working in his business. The combined EBITDA for both locations in 2020 was a healthy $1,000,000+. Note, this was during a pandemic year with 2021 number projected to produce stronger numbers.
There will be no information provided until a confidentiality agreement is signed. Please give Quoc Pham a call at (832) 758-7756 if you would like some more information or please complete the contact form on the listing website you’re seeing this listing on.
- Price: $5,500,000
- Down Payment: $5,500,000
- Sellers Discretionary Earnings: $0
- Total Sales: $2,614,239
- Location: Montgomery County, Texas
- Inventory: $0
- FF&E: $530,000
- Employees: 6
- Year Established: 2015
- Reason for Selling: Pursuing other opportunities
- Category: Real Estate Related