Do you want to instantly be an established brand in a tier-1 coworking city that is already profitable?
Chicago is one of the fastest growing coworking markets in the US, and is a must-have city for any growing brand. In a recent report, Newman Knight Frank predicted that the Chicago coworking market will triple between 2019 and 2023 to a total of 9 million square feet. This is your time to jump in on the fast growing market with a flagship location in one of Chicago’s trendiest neighborhoods.
This profitable coworking business for sale makes over $135,312 with three locations, and is a great opportunity for anyone that wants to enter the Chicago market and become an established player overnight. The business is for sale for $350,000 and includes over $100,000 in Steelcase furniture that is less than two years old. Based on current cash flow, the buyer will get their money back in 16 months.
Based on our Optimization Report (downloadable on the space profile), DenSwap’s team believes profitability can be increased to $234,912 a year with a change in furniture and additional buildout of offices, making the total multiple less than 1.5. If the new owner does not want to make the additional investment, around $55,000, then the buyer will still make their money back in less than 2 years, once assets are included.
We have a lot more information to share about the space, plus a downloadable optimization report that lays out DenSwap’s recommendations. To learn more and start talking to the owner, create an account on DenSwap and go the Chicago listing.