Turn-Key Franchise in Shared Office Space

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Call Us:

Boise: (208) 906-0037
Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (213) 438-9705
Los Angeles: (213) 438-9705
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 584-6248
Seattle: 425-957-6180
Stockton: (800) 622-0192

Category:
10317 - Business (or Biz to Biz)

Location:
Northern California - East Bay

Turn-Key Franchise in Shared Office Space

Business Description:

Venture X shared work facility franchise. Owner spent approximate $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 $393K down, 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.


Asking Price: $1,359,000


Inventory (included):
$0

Real Property Available:
No

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Recast Earnings (Not Verified by Business Team)

10 Months Ended

10/31/2020

$315,394
(Sales)

$88,127
(Adjusted Cash Flow)

2 Months Ended

12/31/2019

$28,449
(Sales)

($59,522)
(Adjusted Cash Flow)

Operations

# 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:

  • Business License

Lease

Monthly Rent Including NNN:
$0

Expires:
8/2029

Option:
No

Size(sq.ft.):
13,124

Miscellaneous

Type of Organization:
S Corp

Reason for Sale:
Covid/Liquidity issues & health issues.

Training:
2 weeks 20 hours

Contact us About this Listing

Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Boise: (208) 906-0037
Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (213) 438-9705
Los Angeles: (213) 438-9705
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 584-6248
Seattle: 425-957-6180
Stockton: (800) 622-0192

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.