Category:
10317 - Business (or Biz to Biz)
Location:
Northern California - East Bay
Business Description:
$150K down, $150K 12 month note and assumption of an SBA loan, gets you in to a Venture X shared work facility franchise. 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 $15K a month. Both the landlord and SBA lender have made huge concession which a buyer can take advantage of immediately. With $150K down & 150K 12 month note, a buyer can assume a loan balance of approximately $966,000, with payments of $7,061 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.
Inventory (included):
$0
5 Months Ended
5/30/2021
$84,353
(Sales)
($9,016)
(Adjusted Cash Flow)
12 Months Ended
12/31/2020
$356,733
(Sales)
$84,621
(Adjusted Cash Flow)
2 Months Ended
12/31/2019
$28,449
(Sales)
($59,522)
(Adjusted Cash Flow)
| # of Employees | Full Time | Part Time |
| Non-Owners | 0 | 0 |
| Owners | 2 | 0 |
Hours of Operation
M-F 9am to 5pm, 24/7 Client
Licenses Required:
Monthly Rent Including NNN:
$0
Expires:
8/2029
Option:
No
Size(sq.ft.):
13,124
Type of Organization:
S Corp
Reason for Sale:
Covid/Liquidity issues & health issues.
Training:
2 weeks 20 hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.