Turn-Key Franchise in Shared Office Space

CA

Seller Financing Available
Turn-Key Franchise in Shared Office Space
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Asking Price: $1,260,000

Cash Flow: $105,756

Gross Revenue: $378,468

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $1 per Month

Established: 2019

Turn-Key Franchise in Shared Office Space

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Business Description

$150K down, $150K 12-month note, and assumption of an SBA loan, get you into a Venture X shared work facility franchise. The owner spent approximately $2.5 million in 2019 building out an executive 13,124Sq Ft. shared office space. Typical cost per the franchisor (1.5m-3m). In just a few months after opening revenue rose to $44k a month. The COVID-19 lockdown has had a severe impact, but revenue has stabilized at $25K a month. Both the landlord and SBA lender have made huge concession which a buyer can take advantage of immediately. With a $150K down & 150K 12 month note, a buyer can assume a loan balance of approximately $966,000, with payments of $7061 a month, and have positive cash flow. Shared office space is predicted to boom once the pandemic is over as companies big and small abandon traditional fixed cost space and employees work from home, need only a place to meet clients or attend group meetings. 10317

Detailed Information

Real Estate:
Leased
Building SF:
13,124
Lease Expiration:
8/1/2029
Facilities:
Hours Monday thru Friday 9 am to 5 pm, 24/7 Client
Financing:
$150,000 at 6% for 12 months
Support & Training:
2 weeks, 20 hours per week
Reason for Selling:
Covid/Liquidity issues & Health Issues
Franchise:
This business is an established franchise
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Business Team BTI Group

Business Listed By:
BTI Group

BTI Group/Business Team

Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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Ad#:1794282

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