Last 12 Months' Income$233,000
Last 12 Months' Expenses$209,000
Annual Net Profit$24,000
Included Assets$30,000
Growth Trajectory Stable
Years in Operation3-5 years
Daily Operations Staffed
Neighborhood Urban
Remaining Time on Lease Lease 0-5 years

Business & Space Overview

This coworking location has been in operation since 2015. There are 2 conference rooms, 3 private calls booths, 3 small offices, and shared and dedicated desks. The main space is a beautiful 2nd floor loft with tons of natural light from large bay windows. The space offers coworking, public meeting rooms reservations, and business mail service. Lots of opportunity to grow the business for the right owner.

Q Growth

We believe an owner with a community focus could really bring this space to life. Additionally, partnerships with local businesses would bring in a lot of the local residents.

Q Daily Operations

We have part-time staff that sees to the day to day of handling mail, tours, memberships, etc. Staff is available for full-time hours. Owner is not involved in the day to day operations.

Q Marketing

We rely on great organic SEO and paid Google ads. Our location is in a highly desirable neighborhood with no office/coworking competition. We also partner with 3rd party services like Deskpass, Da Vinci, and Alliance.

Q Financials

Since last summer, the business has been breaking even without much investment in sales and marketing with one full-time staff member. The business carries an EIDL loan secured against the furniture in the amount of $105k. This will need to transfer with the business, hence the low asking price. Happy to provide P&L/other financial statements

Q About the Seller

Seller is listing business to focus solely on another business.

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