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Co - Working Space - Airport Boulevard
Location: United States -> Alabama
Industry: Real Estate > Other Real Estate

Business Summary

Turnkey co-working office space in South Alabama with great opportunity for a semi-absentee business owner with great tenants in place. This professional co-workspace offers virtual offices (mailing addresses for businesses), 30 private offices with 3 different sizes to choose from, multiple conference rooms, a large board room, and networking space for like-minded entrepreneurs and small business owners. Membership plans are flexible, allowing access to beautiful workspace amenities without the high overhead and long-term cost of typical office leases.

Co-working remains an ideal option in a post-pandemic world to allow many small businesses the flexibility of workspace. The industry has experienced an explosion in growth rate, and is a really strong investment vehicle and the days of working in traditional corporate structures are over for many people in today's mobile work world.

Membership amenities include a fully furnished workspace, all utilities, fiber internet, mail service, fax, print/copy, and access to a shared kitchenette and lounge area.

Seller of the business, also owns the office park, and is seeking to give someone else an opportunity to grow and manage a great stream of cash flow while the Seller can refocus on commercial property development.
The business is one of the first co-working office spaces in the heart of town; established tenants.
Hiring a full-time administrative support to help at the front desk. Starting a local networking group that meets at the office. Establishing a mentoring & consultation program for entrepreneurs.


Asking Price Range:  $250K - $500K
Gross Revenues:   $160,000
Cash Flow:   $60,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $25,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2020
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  other focus

Print Listing Id: 700365050
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