Listing Number: 0101-989468
Well known shared workspace business is being offered for sale. Business leases 3,200+ SqFt of retail space which is divided into 18 fully built out and furnished business suites. Sublessees sign 1–2-year leases and operate their own enterprise with freedom to customize their suite to their taste. This shared contemporary workspace concept offers entrepreneurs the chance to “be their own boss” without the initial buildout investment and typical overhead i.e. utilities, water, wi-fi, alarm which are included in their rent. Renters have a very elegant high end set up with an excellent working environment. Washer and dryer on premises.
Owner works a few hours per week to operate this almost passive investment business. No employees, inventory, or Accounts Receivables. A proven operational model which Buyer could leverage to build additional centers or franchise the concept. Financials are pro-forma as if fully rented.
- Price: $535,000
- Down Payment: $535,000
- Sellers Discretionary Earnings: $128,391
- Total Sales: $213,356
- Location: Palm Beach County, Florida
- Inventory: $0
- FF&E: $50,000
- Year Established: 2019
- Reason for Selling: Other interests
- Category: Business Services