The space’s revenue model boasts three unique and mutually exclusive revenue streams: Childcare, Coworking, and Virtual Memberships. Additionally, it hosts third party meeting room bookings and event bookings.
Opportunity For Growth
For purchasers not interested in maintaining onsite childcare, the space has capacity for 10+ additional private offices (renderings for current layout and 3 potential layouts with additional private offices available upon request). Schematic designs and build out estimates can be provided and the existing lighting fixtures in that area can be used in the potential offices.
After 20-months in operation, this space has an average member LTV of $5,000 and an average length of membership of 9+ months. During the pandemic, we experienced 81% revenue growth and a 93% retention rate.
|Occupancy||Offices 70%, Desks 40%|
|Vibe||Airy, bright, and aesthetically modern|
This space is based in the Franklinton neighborhood and housed within the mixed-used development, called Gravity, which features a gym, cafe, pizza joint, brewery, multiple court-yards, event space, dog park, outdoor movie theater, and a food truck alley. Additionally, it is walkable to a waterfront greenway and unique bars, restaurants, art galleries, cafes, apartments and more.
Innovative Gardening Amenity!
The space itself is located on Broad St.,the main downtown throughway in Columbus. It was built brand-new in 2019 and features significant natural light, high ceilings, two private outdoor spaces with garage door courtyard access, two meeting rooms, nine private offices, two phone booths, six bathrooms, bike racks, covered on-site parking, automated and energy efficient lights and HVAC, and a keyless door access system. It also has an onsite hydroponic garden that produces fresh veggies and is harvested on a bi-weekly cadence. Additionally, it feature rotating local art on a quarterly basis and typically host artist events.