LISTING ID: 35713
Fantastic Co-Working and Virtual Office Business in a Prime Midtown Location with lots of light and views of the Empire State Building. Price Reduced. Buy 75% of the company or 100%. This is a truly unique business that is thriving due to the normalization of hybrid office work. They offer both virtual office and on-demand work spaces. In addition, they have a global network of workspace partners with nearly 50 partners, from Bangkok to Thailand and across 15 states in the US alone. They offer competitive pricing, a prestigious address, an easily accessible midtown location, a profitable subscriber-based business model, private offices, meeting & conference rooms, workshops, retreats & training, showrooms, pop-up stores, and photo & film shoots. For virtual clients, they offer a prestigious street address & mail receipt, mail scanning, notification & forwarding, admin support & phone answering, an online directory listing and much more. The business has seen year-over-year growth since 2020, with 2021 sales of $458,591, 2022 sales of $501,871, and 2023 sales of $517,067, and an owner’s cash flow of $164,531.00. The owner is willing to sell the entire business for $494K, or, as advertised here, 75% of the company for $252K. For the remaining 25% retained, the owner will offer marketing and support services. Their original five-year lease was signed in December 2010, and their current lease has a few years left with a rent of $10,000 per month for a 2000-square-foot space, and this can be extended for a well-qualified buyer. We are seeking a serious and financially qualified buyer with at least $252K in liquid funds. Although there are 3 full-time employees, the ideal buyer would be a full-time owner-operator with management experience. There will be a thorough training and transition period for the current owner. Proof of funds will be requested before any buyer-seller calls or meetings. All meetings must be made by appointment only!
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