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Well-Known Shared Workspace Opportunity for sale in Broward County, FL

Broward County, Florida (FL)

Asking Price: Gross: Cash Flow:
$ 1,050,000 $ 766,723 $ 281,707

Furniture and Fixtures Value:
$ 1,050,000 (included in the asking price)

Business Summary:
This well-known shared workspace business has been a success since launched 11 years ago. Lender pre-qualified with 15% down, LOAN INCLUDES $50K WORKING CAPITAL. Business leases 10,000+ SF of prime retail space which is divided into 50+ fully built out business suites. Sublessees sign 1–3-year leases & operate their own enterprise while given 24/7 access to their business & freedom to customize their suite to their taste. Historic occupancy has been 90%-100%, owner sometimes works on a wait list. This shared contemporary workspace concept offers entrepreneurs the chance to “be their own boss” without the initial buildout investment & typical overhead i.e. utilities, water, wi-fi which are inc. in their rent. Owner estimates no more than 4 workdays/month to operate this passive investment business. No employees, inventory, or A/R as rents are ACH collected in advance. A proven operational model which Buyer could leverage to build additional centers or franchise the concept. Tax Return supported business. Buyer prospect must provide PFS before disclosure. Please refer to listing #0101864628 & ask for Randy Bring when inquiring.

 

   
Year Business was Established: 2010
   
Facilities / Terms of Lease: 10,212 SF Class A Retail @ $27K/mo.  
   
Potential Growth/Expansion: Unlimited  
   
Competition: Unknown  
   
Owner willing to finance: SBA= $1,143,800 @ 6% for 120 mos= $10,793/mo.  
   
Owner willing to train: Seller will train for 1 week  
   
Reason for selling: Seller has met professional objectives  
   
Seller Reference Number: 0101864628
BusinessMart.com Listing Number: 268861
 

 

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For more info contact:

Andrew Cagnetta

Transworld Business Advisors Florida
954-772-1122

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