Business Summary:
This superb executive office operation is being offered for less than the projected cost to establish a new location, with the following additional advantages: It is one of the best locations currently available in the Washington, DC Metro Area. It has a ten year lease with an option for a ten-year extension in a premier new office building. The office suite is fully built out in an attractive business d cor. A highly qualified salesperson is on board, and two experienced receptionists have been recruited and fully trained. An owner starting a new location from scratch will experience a ramp-up period while enough physical office space and virtual office clients are recruited to reach breakeven cash flow. This office has been open for several months with a full-blown sales and marketing operation. A number of clients have already been brought in, substantially reducing the remaining ramp-up period for the new owner. Typical clients are small business owners and other professionals. Operating hours are normal business hours -- weekdays from 8:30 to 5:30 -- leaving weekends and evenings free.
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| Year
Business was Established: 2009 |
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| Number of Employees:
3 FT |
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| Facilities / Terms of Lease:
Recently constructed Class A office building in a prestigious location in the Greater Washington, DC Metro Area. It is a local operation of a rapidly-growing international chain of office suites for resident and virtual office clients. This suite provides nicely-designed physical office space for those who want a small office without the hassle, expense, or commitment to a long-term, commercial office space lease. |
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| Potential
Growth/Expansion:
The key to high profitability for this business is a virtual office package that is second to none. Detailed and specific steps have been developed to enable an owner to attract a large number of clients who want to use services like phone reception, mail address, light administrative support and access to conference rooms and office space on an occasional basis, without renting a physical office. The capacity to accommodate virtual office clients is not limited by physical space, and the incremental cost for each new client is very small. A potential cash flow of $230,000 yearly should be achievable based on what has been accomplished by other comperable business of this nature. |
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| Competition:
This enterprise is built on a proven business model that emphasizes highly profitable "virtual office" services, featuring contemporary office technology and communications, combined with a carefully selected and fully trained office staff. Its competitive advantages are promoted by an aggressive sales and marketing program. |
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| Owner
willing to finance:
Broker will assist, no seller financing |
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| Owner
willing to train:
The present managing director, who has had extensive experience in operating several executive office suites, would be available to assist the new owner over a reasonable transition period. |
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| Reason for selling:
The owners have decided to sell this operation to focus on their three other businesses. |
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Seller Reference Number: B-102
BusinessMart.com Listing Number: 65293 |
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