Last 12 Months' Income$143,904
Last 12 Months' Expenses$96,072
Annual Net Profit$47,832
Included Assets$15,000
Growth TrajectoryGrowing
Years in Operation3-5 years
Daily Operations Owner-managed
Neighborhood Suburban
Remaining Time on Lease Lease 0-5 years

Business & Space Overview

This 6500+ sq ft space is well established with exceptional goodwill within the local community and high visibility of the brand within the local Chamber of Commerce and business community. The relational connections that exist among members are warm and inviting, leading to a high degree of loyalty to the space. Our Community Director does an amazing job of cultivating relationships that help entrepreneurs, tech-employees, marketing consultants, real estate professionals, and more create cross-collaborative VALUE for one another.

This sale and valuation assumes an OWNER-OPERATOR stepping in for the current manager, and the valuation includes manager salary as an add-back. An owner-operator can run this space part time at immediate cash flow. Current members do not know about a possible sale. Further information gladly provided upon receiving a signed NDA.

Q Business Highlights

Occupancy rates of about 40% show significant upside for aggressive new marketing initiatives. There exists a stable membership to build upon. At the writing of this summary, all but one offices are filled. The open-desk coworking is ripe of expansion with appropriate focus on marketing and sales!

Central to Denver and southern suburbs, the space is very close to light rail and has free parking for members. Current owners no longer live close enough to provide on-site leadership or the TLC a dynamic coworking space needs. With the right marketing expertise, this space could jump in revenue and profitability.

Q Opportunities for Growth

3 years remain on a five year lease with very flexible and favorable terms that are expected to last. The flexible terms would allow a local property owner to exit the lease if desired and move to a new location if desired.

Q About the Seller

We started the business with the intention of providing "collaborative coworking" that was multi-disciplinary (not niche-specific), allowing cross-pollination of ideas and relationships. Since opening, we have seen our members grow and develop their businesses and their lives. The pandemic hit us pretty hard in 2021, though our profitability remained the same as we were able to cut expenses. Professional relocation has led one of our founders to move from the area. A new owner has significant upside potential if directly engaged in the community as an owner-operator. We are so proud of what the business has become but also know that to "take off," a local, present owner is needed.

Notes from DenSwap: "This space has a lot of profit potential with the option to build out offices in a low-supply area. They also have a flexible lease that makes it a great opportunity for nearby property owners to seed their new space."

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