Business & Space Overview
This established coworking space has been open for over 9 years, with 4 years left on the lease (options to renew) presents a clear financial opportunity, projecting an annual owner’s profit above $100,000. This figure is calculated after factoring in the salary for a part-time manager (est. $23,000/year) to handle daily operations. The business is highly automated and efficiently run, currently requiring only 5-10 hours of weekly involvement from the owner.
The foundation for this profitability is a secure, below-market-rate lease with over 7 years remaining in a city-owned building. For over a decade, the business has thrived in its desirable location within a walkable, amenity-rich shopping district with ample free parking.
Clear opportunities for revenue growth have been identified:
- Office Build-Out: A ~$30,000 investment to add four private offices is projected to generate an additional $24,000 in annual revenue.
- Furnishing Refresh: A cosmetic update of ~$8,000 is projected to attract 8-15 new members within a year, netting $12,000 a year in new revenue.
- Total: $36,000 in profit.
- New Annualized Owner’s Benefit: $136,000+
For long-term scaling, an adjacent 20,000 sq. ft. unit is available for expansion under similar favorable lease terms. This is a compact, high-potential opportunity for an investor seeking stable returns with defined avenues for growth.
The space is currently self-managed without any payroll expenses.
Note: The past 12-month income and expenses are actual 2025 monthly averages, annualized. This is to help provide an accurate description of today’s current businesses as we’ve made some changes to the business recently.