Business Summary:
LISTING ID # 35713Fantastic Co-Working and Virtual Office Business in a Prime Midtown Location with lots of light and views of the Empire State Building. Price Reduced. Buy 75% of the company or 100%. This is a truly unique business that is thriving due to the normalization of hybrid office work. They offer both virtual office and on demand work spaces. In addition, they have a global network of workspace partners with nearly 50 partners - from Bangkok to Thailand and across 15 states in the US alone. They offer competitive pricing, a prestigious address, an easily accessible midtown location, a profitable, subscriber-based business model, private offices, meeting & conference rooms, workshop, retreat & training, showrooms, pop-up stores, photo & film shoots. For virtual clients they offer a prestigious street address & mail receipt, mail scanning, notification & forwarding, admin support & phone answering, an online directory listing and much more. The business has seen year over year growth since 2020 with 2021 sales of $458,591, 2022 sales of $501,871 and 2023 sales of $517,067 and an owner’s cash flow of $164,531.00. The owner is willing to sell the entire business for $494K, or as advertised here, 75% of the company for $252K. For the remaining 25% retained, the owner will offer marketing and support services. Their original five year lease was signed in December 2010 and their current lease has a few years left with a rent of $10,000/mth for a 2000sf space, and this can be extended for a well-qualified buyer. We are seeking a serious and financially qualified buyer with at least $252K in liquid funds. Although there are 3 full-time employees, the ideal buyer would be full-time owner-operator with management experience. There will be a thorough training and transition period from the current owner. Proof of funds will be requested before any buyer seller calls or meetings. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or [email protected]. All meetings must be made by appointment only!In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35713 for instant access to this business information.
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