Listing Number: 76931-422118
Rare opportunity to acquire a unique co-working space enterprise with two locations. The first location was built from the ground up in 2015 and is located in Northwest Houston. Following the success of the first location, the second location was built in June of 2017 and is located in North Houston.
The owner spent countless hours strategically planning how to provide the perfect co-working space in Houston. He is confident in his assertion that you cannot find a co-working space in Houston that compares. Unlike ordinary co-workspaces, these two locations are modernized, inviting, and playful while remaining perkily professional, encapsulating the owner’s bold and deliberate vision. Location was also very well-thought out, as you cannot easily replicate this concept while attaining attractive lease terms in these areas.
This business has seen tremendous success and growth over the years, with revenues doubling in the first three years. While this business focuses on a membership-based model, there are several streams of revenue that contribute to its impressive bottom line.
This is a great opportunity for an investor who is looking for absentee or semi-absentee business; the owner invests very little time actively working in this business. For 2023, the owner anticipates that revenue will again exceed $3M with adjusted EBITDA of $1.4M for both locations combined.
Both locations are leased spaces. All lease information will be provided in the confidential information memorandum.
If you would like more information, please fill out and submit the contact form. You may also call or text Quoc Pham at 832-758-7756.
NOTE: We will require an NDA and a buyer profile to be completed before any additional information will be shared on this listing.
- Price: $ 5,600,000
- Down Payment: --
- Sellers Discretionary Earnings: $ 1,400,000
- Total Sales: $ 3,450,000
- Location: Montgomery County, Texas
- Inventory: $ 0
- FF&E: $ 530,000
- Employees: 6
- Year Established: 2015
- Reason for Selling: Relocation
- Category: Real Estate Related